Recreating Spaces for Unrealised Opportunity
Welcome to Ark Capital Partners, where the art of investment meets the science of transformation.
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Who we are
We support our capital partners to invest in hotels in the Asia Pacific Region.
We work with different investors to source, secure, and reposition hotels throughout the investment lifecycle.
With the benefit of our depth of expertise and experience, and our passion for hospitality, we work with our investors to deliver superior risk adjusted returns in hotel investments.
What we do
Expertise
The founding directors possess extensive, complementary experience in key leadership roles, bringing strong expertise in acquisition, structuring, development, legal, operations, food and beverage, design, and investments. Ark Capital Partners believe that key expertise must be held within the team to drive and deliver outperforming results for, and aligned with its investors.
Value
Ark Capital Partners leverages the professional experience of its team to unlock value for its investors along the entire value chain from deal sourcing and acquisitions to active asset management and enhancement, repositioning and re-development and disposal.
Focus
Ark Capital Partners supports its investors in sourcing, securing, and delivering hotel investments in the region. Ark Capital Partners capitalises on current opportunities and challenges in the broader hotel market to identify underperforming assets underpinned by valuable real estate. Ark Capital Partners also looks to invest in structured projects where the team can take a hands-on approach on strategy, design, operator engagement and delivery.
Execution
For each acquisition, the team implements a tailored strategy for the hotel, including repositioning, rebranding, and enhancing its potential, followed by active asset management to deliver superior investment returns. With a deep understanding of hotel operations and investments, Ark Capital Partners possesses the strategic capability to apply both bottom-up (operational) and top-down (investment) asset and investment management expertise.
Our Projects
Hyde Perth
37 Pier St, Perth WA 6000
Deal Highlights
Situated on a 1,973sqm site within the eastern periphery of Perth’s Central Business District and retail precinct.
Extensive 51.6m street frontage to Pier Street, which is the focal point of the Historic Heart of Perth, an area going through gentrification and investment supported by City of Perth.
Owner Operated and sold with the benefit of Vacant Possession.
Comprises 120 guestrooms, which average circa 37sqm.
The Hotel’s other facilities include a restaurant and bar, conference and meeting facilities, business centre, swimming pool and secure basement parking.
Strategy
The Hotel was secured at the lowest price per key in the Perth CBD within the last five years and an extended settlement term was negotiated to prepare for renovations.
Undertake an extensive Capital Expenditure program to reposition the Hotel into Australia’s first Hyde branded Hotel, an internationally branded upper upscale
lifestyle offering.
Design-led concept focussing on high energy common spaces enhanced with localised food and beverage offerings targeting the burgeoning experiential traveller and benefitting from the limited comparable hotels within this market.
Undertake comprehensive mechanical, hydraulics and electrical services upgrades to prolong life of asset, realise operational cost savings and comply with current building code and hotel industry best practices.
Capital Partner: Domestic Family Office
Batman’s Hill on Collins
623 Collins St, Melbourne VIC 3000
Deal Highlights
1,970sqm freehold site fronting both Collins and Spencer Streets in the Melbourne CBD, across from Southern Cross Railway Station.
The Hotel comprises 190 rooms consisting of 146 hotel keys and 44 apartments, which range between 20sqm and 50sqm. A partial renovation of asset (60 Premier Rooms and 75 Standard Rooms) was completed prior to sale.
Owner Operated with the benefit of Vacant Possession on Sale.
The Hotel’s other facilities include multiple food and beverage outlets, conference/meeting facilities and secure basement car parking with a leased retail tenancy fronting Collins Street.
Strategy
Operate the Hotel under a “soft brand” by a leading international hotel operator.
Drive returns through active asset management whilst leveraging off the global operators established model inclusive of their distribution, sales, marketing, loyalty and reservation systems, which provides significant savings in operational overheads to drive end profitability.
Review the current business mix to target higher yielding business and leisure travellers and drive direct bookings to the hotel.
Capital Partner: Melbourne Based Developer
Investment Highlights
Prime CBD Location: Positioned at 130 Russell St, Melbourne, in the prestigious Paris End.
First Hyde Hotel in Australia: Introducing Accor/Ennismore’s Hyde lifestyle brand which is synonymous with vibrant energy, curated experiences, and a bold celebration of art, music, and culture.
Repositioning Strategy: A light-touch capital enhancement program to align with Hyde brand standards.
Key Metrics
Purchase Price: Circa AUD 150M (AUD 785K per key)
Land Size: 795sqm freehold CBD site
Investment Horizon: 5 years
Target IRR: >15%
Value Creation Strategy
Operational Flexibility: Acquired with vacant possession, allowing for optimised management and branding.
Brand Positioning: Leveraging Hyde’s vibrant, experience-driven ethos to capture lifestyle and premium segments.
Market Momentum: Melbourne’s hotel ADR surpassing 2019 levels, with occupancy on a strong recovery path especially within the lifestyle segment.
Opened in early 2025, Melbourne Place Hotel is poised to redefine Melbourne’s lifestyle hospitality scene.
Investment Highlights
Prime Location: Positioned in Brisbane’s Fortitude Valley, near major dining, entertainment, and corporate hubs.
Cashflow-Positive Asset: Diversified income streams from leased F&B outlets, commercial tenancies, and management rights to 30 residential units.
Value Creation through Strategic CapEx: Targeted capital investment aimed at strengthening market positioning and broadening the customer base to drive long-term revenue growth.
Key Metrics
Acquisition Price: AUD 82.5M (AUD 565K per key)
Land Size: 1,826sqm (Stratum Freehold)
Investment Horizon: 5 years
Target IRR: >20%
Value Creation Strategy
Margin Expansion via Operational Efficiencies: Focused initiatives to reduce dependency on OTAs, reduce operating costs resulting in improved profitability.
Asset Repositioning for Enhanced Returns: Light-touch capital upgrades designed to elevate the guest experience, increase average daily rates (ADR), and boost overall asset performance.
Market Momentum: Brisbane’s hotel occupancy and ADR exceeding pre-pandemic levels, supported by strong domestic and international tourism.
Long-Term Growth Aligned with 2032 Olympics: Hold period strategically positioned to capitalise on Brisbane’s future growth trajectory.
With a strong asset management strategy and market tailwinds, Hotel X is primed for sustained value appreciation.
Investment Highlights
Prime CBD Location: Situated on a 1,973 sqm site on the eastern periphery of Perth’s Central Business District and retail precinct.
Strategic Repositioning: Conversion to an upper-upscale lifestyle hotel under the Hyde brand by Ennismore.
Acquisition Below Replacement Cost: At the time of sale, it was the lowest price per key in Perth CBD in the past five years.
Key Metrics
Acquisition Price: AUD 22.5M (AUD 187.5K per key)
Land Size: 1,973sqm freehold CBD site
Investment Horizon: 5 years
Target IRR: >20%
Value Creation Strategy
Comprehensive Refurbishment: Enhancing guest experience and maximising asset value.
Brand Positioning: Capitalising on Hyde’s dynamic, experience-led identity to engage the lifestyle and premium market segments.
Market Momentum: Perth’s ADR outpacing 2019 levels, strong tourism recovery, and increasing airport passenger traffic.
Hyde Perth is set to open in late 2025, bringing a dynamic new lifestyle experience to the city.
Investment Highlights
Prime Location: Freehold corner site in Melbourne CBD, adjacent to Southern Cross Station.
Cashflow Positive Asset: 190-room, 4-star hotel with strong operational performance.
Future Redevelopment Upside: Approved plans for a 42-story mixed-use development.
Key Metrics
Acquisition Price: AUD 80M (AUD 421K per key)
Land Size: 1,970sqm freehold CBD site
Investment Horizon: 7 years
Target IRR: >20%
Redevelopment Vision
- 229-key Upper Upscale Lifestyle Hotel
- 175 Premium Residential Apartments
- 2,717sqm of Office Space & Ground-floor Retail
This investment aligns with Ark Capital’s strategy of acquiring high-value assets with strong income streams and long-term growth potential through strategic redevelopment.
Our Team
Rahul Parrab
Rahul is based in Sydney, and has over 20 years of experience in the hospitality and real estate sector. Rahul co-founded Ark Capital Partners, a hotel investment group that focuses on repositioning and unlocking value in hotels in Australia, New Zealand and the wider Asia Pacific region, by capitalising on the team's global experience in delivering superior design led lifestyle hotels and world class food & beverage concepts.
rahul.parrab@arkcp.com
Mark Bullock
Mark is based in Canberra and has 20 years of experience working with clients across the hotel real estate and financial services sectors. Prior to cofounding Ark Capital Partners, Mark, as Managing Director, was responsible for driving the overall operational and commercial success of Radisson Hotel Group in the Australasia Region (Australia, New Zealand and South Pacific). Mark is also a Member of the Torrens University Australia, Hospitality Advisory Board, providing industry oversight to the universities hospitality program.
mark.bullock@arkcp.com
Ed Faraguna
Ed is based in Sydney and has more than twenty-five years' experience working across hotel investment, development, finance, acquisitions, divestments, risk and strategy across Australia and internationally. He is responsible for business support, control and risk mitigation.
ed.faraguna@arkcp.com
Matt Rubie
Matt is based in Sydney and has over 30 years of experience in hotel operations and asset management. He previously held leadership roles at Frasers Hospitality, TFE Hotels, and IHG.
matt.rubie@arkcp.com
Sarah Townson
Sarah, based in Melbourne, has over 20 years of experience in hospitality strategy and design. Prior to Ark Capital Partner’s she held leadership roles at Gensler and Plus Architecture and founded Anthology. Her expertise spans feasibility, concept development, and project delivery across the US, Asia, and Australasia.
sarah.townson@arkcp.com
Ben Kleimeyer
Ben is a founding member of Ark Capital Partners, based in Brisbane. He has approximately 10 years of experience in valuations & advisory, consulting, investment analysis, asset management, and brokerage within the hotel, tourism, and leisure sector throughout the wider Asia Pacific region.
ben.kleimeyer@arkcp.com
Michael Piro
Michael has nearly 20 years of property sales, marketing and development experience in both North America and Asia and is currently the COO of Indochina Capital and Co-Founder & CEO of Wink Hotels. Based in Vietnam, he has overseen the sale and leasing of over $1 billion in high-end properties and contributed to nearly $1 billion in real estate development for Indochina Capital.