South East Queensland-based ULTIQA Hotels & Resorts announces its first interstate acquisition with the purchase of management rights to luxury boutique apartment hotel 140 Little Collins operational from early August 2017.
ULTIQA Hotels & Resorts, headed by CEO Mark Henry, derives its name from a condensed adaptation of ‘ultra-modern boutique apartments’, currently sets the standard in South East Queensland accommodation with management rights to five exclusive properties in highly desirable locations on the Gold Coast, Sunshine Coast and Brisbane.
Rebranded to ULTIQA Little Collins, the property is a landmark multimillion-dollar purchase and the first interstate property under the ULTIQA portfolio.
Located at the stylish ‘Paris end’ of Melbourne’s CBD, on the corner of Russell and Little Collins Streets, ULTIQA Little Collins is nestled within a myriad of cafes, bars and restaurants. The property is one block from the elegant boulevard of Collins Street and a short walk to the MCG, Rod Laver Arena, Federation Square, Southbank and the Bourke Street Mall.
This fully self-contained, boutique apartment hotel is part of the redeveloped Melbourne Telephone Exchange building and features 45 stunning one, two and three-bedroom modern and architecturally-designed loft-style apartments.
ULTIQA Hotels & Resorts has become synonymous with an exceptional standard of well-appointed apartments featuring standard inclusions such as full kitchen, European Laundry, separate lounge and free WiFi are dominating the corporate traveller and family markets.
ULTIQA Little Collins will become the jewel in ULTIQA Hotels & Resorts crown following the first interstate expansion announcement.
CEO Mark Henry says the property is a perfect fit for the current portfolio. “Within our management rights collection, the decision to purchase 140 Little Collins was an easy one as the property ticks all the boxes that we believe makes an ULTIQA traveller experience.
“This addition addresses our desire to deliver self-contained CBD apartment style accommodation in major metropolitan areas, and is the perfect property to launch the ULTIQA Hotels & Resorts Brand into the thriving Melbourne market,” Mr Henry said.
Parent Company, ULTIQA Group, is a joint venture partnership between the South African Beekman Group and Gold Coast based Mark Henry, and are actively seeking to expand their property base into other major metropolitan regions along the eastern seaboard of Australia.