Oscars Group is pleased to announce the acquisition of West Waters Hotel & Entertainment Complex which was completed in multiple transactions to acquire both the Freehold and Leasehold entities.
Strategically positioned in Melbourne’s North-western corridor, on the banks of picturesque Lake Caroline, West Waters Hotel stands 20 minutes from Melbourne Airport and 30 minutes from the Melbourne CBD. Featuring large scale bistro and dining facilities, sports bar, conference & event spaces and 98 spacious hotel rooms within Mercure Melbourne Caroline Springs, West Waters Hotel is the hub of entertainment in Melbourne’s West.
Carlie Carroll from Oscars Group “We are very excited to enter into the Melbourne market with the acquisition of West Waters, being a large-scale asset that provides multi-faceted income streams fits in well with our operating model and we are pleased that we are able to extend our relationship with Accor and welcome the Mercure Melbourne Caroline springs into our portfolio.”
The Group will look to operate business as usual with the venue team to stay on and transition to form part of the Oscars Group team.
The transaction of the Westwaters asset was facilitated by John Musca and Will Connolly of Jones Lang LaSalle