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Acquisition of Citigate Melbourne – November 2011

M&L Hospitality is pleased to announce its latest hotel acquisition of Citigate Melbourne in Melbourne, Australia.

Citigate Melbourne is ideally located in Melbourne’s CBD on Flinders Street, opposite the historic Flinders Street Station and is close to all the major sporting, fashion, entertainment and restaurant precincts of Melbourne. With its prime Melbourne city location, Citigate is close to the Crown Casino, Etihad Stadium, Melbourne Cricket Ground, Federation Square, Bourke Street Mall and Collins Street.

“Melbourne‚Äôs hospitality industry benefits from strong corporate demand and leisure travellers attracted to major events hosted in the city,” commented M&L Hospitality Asset and Investment Manager, Ms Sarah Phillipson, “we are thrilled with the possibilities that this acquisition poses, and are already planning a major refurbishment of the rooms and public areas.”

Citigate Melbourne has 179 hotel rooms including an executive suite, located on the top floor featuring stunning panoramic views over the Yarra River and Southbank. Hotel facilities include a 24-hour reception, in-room dining and concierge, a fully equipped gymnasium, restaurant and bar.