- IQ Smart Apartments (formerly The Marque Hotel), Canberra ACT
- Address 102 Northbourne Avenue, Canberra
- Nature Investment
- Purchased 2007
- Type Hotel
- Holding Vehicle PrimeSpace Northbourne Trust
The Marque Hotel is situated on Northbourne Avenue, the main arterial road linking Canberra’s central business district from the north. Located within the immediate area is a mixture of commercial accommodation, office development, serviced apartments, hotels, medium to high density residential developments and the Braddon services trade area. The Marque Hotel consists of a 78 room, 4 star low rise hotel that was built in 1965. Hotel facilities include a restaurant and bar, conference room, in-ground swimming pool, gymnasium and 70 bay car park. The Marque Hotel is 100% owned by the Prime Access Property Fund via a special purpose trust.
The Marque Hotel was acquired as an income producing asset with a lease that expires in November 2011 providing a passive income stream. A development application is currently being considered for the construction of 230 residential apartments.