Mantra Hotel, 161 Grey Street, South Bank
Key Property Information
Mantra is a premium hotel completed in January 2006 offering 161 rooms, being a combination of studio, one and two bed accommodation. The hotel is part of a larger 13 level development which includes 88 residential apartments.
The hotel is located on Grey Street, adjacent to the Brisbane Convention and Exhibition Centre and has been fitted out to a 4.5 Star standard and includes a restaurant, bar, first floor meeting rooms, and access to a pool, spa and gym.
Key Information
| Location: | South Bank, QLD |
| Acquisition Date: | April 2007 |
| Ownership/Title: | 100%/Leasehold (999 year lease term) |
| Independent Valuation: | June 2007 |
| Valuation ($/m2): | $39.0 million |
| Discount Rate: | 9.50% |
