Sold
Motel · Sale · FH008298
Be quick to enquire about this incredible freehold hotel in Victoria's economic powerhouse Gippsland, only two and a half hours from Melbourne.
AWARD WINNING 43 KEY FREEHOLD HOTEL IN HEART OF VICTORIA
Be quick to enquire about this incredible freehold hotel in Victoria's economic powerhouse Gippsland, only two and a half hours from Melbourne. This immaculate 4.5-star property is hugely popular with the corporate trade that frequents the area, this is seen in the ADR that continues to grow year-on-year and the average length of stay which is much higher than industry norms. Ideal for a corporate operator and owner looking to click into a bigger network or an investor looking to keep it as is with the existing staff who have been there since it opened in 2013. There is no need to reside onsite as everything is automated and easy to run. Representing an over 10.5% yield and growing, this 43 key hotel won't be around long. Don't miss out on this opportunity, call Chris today.
- Net profit
- $1.1M
- Asking $10,000,000
- Status
- Sold
The business at a glance.
- Multi-award-winning luxury hotel in the strategic city of Sale in Gippsland
- Immaculate condition, no CapEx required
- Consistently growing year on year.
- First time to market since 2013 opening
- FY24 net profit of $1,063,079
- Exceptional occupancy of 67% underpinned by solid 73% corporate trade
- Growing ADR FY23 $196 & FY24 $213
- Unique design 43 keys made up of dual key townhouses, ideal for corporate and leisure guests
- Exceptional guest reviews/ratings on booking.com, TripAdvisor and other OTAs
- Inspection by appointment only
The asset, the manager unit, the location.
Sale, VIC
Sale, VIC
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