DomaCom is working with Chapman Property Trust to crowdfund a two-stage land acquisition and construction of a unique concept hotel development in inner suburban Brisbane called the 8trium.
This unique project modelled on successful global hotel trends will provide convenient and affordable accommodation and an entertainment experience designed for the Millennial Asian tourist market. Bowen Hills is located 4 kms from the CBD in one of Brisbane’s core visitor and tourist precincts within walking distance of several key event venues such as the International Convention Centre, the Marquee Music Venue, Brisbane Showgrounds, sporting and leisure centres, the Royal Brisbane Hospital and Medical Training facilities as well as cross city transport hubs.
Nearby are the restaurants and entertainment venues of Fortitude Valley, King Street and Chinatown.
The 8trium Hotel will be the first crowdfunded futuristic lifestyle hotel in Australia consisting of 2 levels of commercial development including meeting rooms and a GOWORK Club, a Bar, Bistro and Live Music venue, and 7 levels (100 rooms) of hotel style accommodation topped with a Roof Top Spa, Gymnasium and Sky Lounge.
The total project is planned to be developed in 2 stages:
- Stage 1 will raise $8.8 Million to acquire the land, complete detailed development plans as well as plan and fund the marketing campaign for stage 2.
- It is estimated that this stage will take up to 6 months to complete.
- Stage 2 is currently planned to raise a further $16 million construction capital via a $6 Million debt and $10 Million equity sub-funds with the construction period expected to take 18 months. Current modelling suggests that a return of between 15-20% p.a. will be delivered to equity investors with the loan investors receiving 9.56% p.a. The details of stage 2 will be finalised during stage 1.
Once the hotel is commissioned it is planned to negotiate a lucrative performance-based Hotel Management Agreement to an operator, for which two proposals are currently pending.
If you would like to invest in the 8trium Hotel, you can join this crowdfunding campaign by completing the application and lodging your investment funds through this General Advice page. Please ensure that you first read the DomaCom Fund’s Product Disclosure Statement (PDS). For a copy of the current PDS, please click here or call your financial adviser.
When you have lodged your bid and the campaign is filled, you will also receive a Supplementary Product Disclosure Statement (SPDS) outlining the specific offer to invest in the 8trium Hotel which will contain all the information required for you to make a decision. You are not bound to proceed with your bid amount for this 8trium Hotel crowdfunding campaign until you accept the offer contained in the SPDS (which will include the specific details for the properties).
If you are new to DomaCom, click on the Apply button to begin your application. If you are an existing DomaCom Fund investor, you can log in to access your account and all the other public crowdfunding campaigns by clicking the Investor Login button.