Hotel Windsor, Melbourne

Role

Sourcing & Acquisition

Financing & Syndicating

Negotiation

Date

2006

Location

Spring Street, Melbourne, Australia

Masterful Acquisition

Garrisson and his joint venture partner acquired the iconic Hotel Windsor from the Oberoi Group. Garrisson played a crucial role, including sourcing the asset, orchestrating the deal, and leading the negotiations from the initial stages to the close of the transaction. In addition, he negotiated to terminate a long-term lease that Hard Rock Cafe Australia had, unlocking significant value for the property. Recognizing the property's untapped potential, Garrisson's strategic foresight and negotiation skills were instrumental in securing the hotel amidst a highly competitive bidding process. He dealt directly with the Oberoi family, outmaneuvering other bidders to bring this historic property under his control.

Strategic Rebranding

When Garrisson took over the Hotel Windsor, he spearheaded the planning for its rebranding and repositioning. Instead of going for major redevelopment, he focused on enhancing the value through strategic internal upgrades. His vision was to restore the Windsor to its former glory as a premier luxury hotel. Garrisson's innovative approach involved rebranding and creating a unique restoration and renovation concept that honored the building's historical significance while updating its amenities to meet contemporary luxury standards.

Hotel Windsor, Melbourne

Upshot

Garrisson's efforts to revitalize the Hotel Windsor resulted in a successful exit in 2007. Despite facing challenges, Garrisson's strategic enhancements significantly increased the property's value. He sold his interests to his shareholder partners, ensuring a profitable outcome. This project exemplifies Garrisson's expertise in real estate investing, showcasing his ability to identify potential, execute strategic value enhancements, and achieve profitable exits.

Photography: Steve Young