The newly developed 4‑star Trio Hotel in Melbourne’s east has sold for $30.7 million to a private Chinese investor. It marks one of the most significant metropolitan Melbourne hotel transactions over the past year and highlights the robust offshore capital in Victoria’s hotel market.
The newly developed 4‑star Trio Hotel in Melbourne’s east has sold for $30.7 million to a private Chinese investor. It marks one of the most significant metropolitan Melbourne hotel transactions over the past year and highlights the robust offshore capital in Victoria’s hotel market.
Located within the landmark Trio mixed‑use precinct at 851 Whitehorse Road in Box Hill, the 128‑room upscale hotel was sold with vacant possession, providing the incoming owner complete flexibility around branding, fit‑out, and operational strategy.
Benson Zhou, Director of Hotels and State Head of Asia Markets at Savills Australia and New Zealand, said, “This transaction is a strong example of Savills’ ability to access and engage offshore private capital, particularly from Asia, where appetite for high-quality Australian hotel assets remains strong. The buyer is a highly experienced hotel owner and operator in China, and the flexibility offered by Trio Hotel Box Hill was a key driver in this transaction.
“We have seen consistent enquiry from Asian groups seeking scale, modern assets, and entry points into Australia’s major cities and growth corridors.” Mr Zhou added.
Positioned approximately 14 kilometres east of the Melbourne CBD, Trio Hotel Box Hill sits within the suburb widely recognised as Melbourne’s “Second CBD.” The property is surrounded by major healthcare institutions, education facilities, retail offerings and public transport links. Hotel features include 128 contemporary guest rooms, a 90-seat restaurant, cocktail bar, and function and event spaces for up to 300 guests, along with access to premium shared amenities such as an indoor pool, gym, sauna, steam room, and landscaped gardens.
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