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77 Newman Drive Newman WA 6753

  • Hotel / Leisure
  • 29,000 m²
  • For Sale, For Sale via EOI closing 29 August

SEASONS HOTEL NEWMAN

  • Significant landholding
  • Consistently strong performing asset
  • Rebounding WA resources market

CBRE Hotels is pleased to present to the market Seasons Hotel Newman a continually strong performing regional accommodation asset offering a significant footprint, in land and rooms, in the resource-rich, north-west of Western Australia. 

Positioned at the entrance of the Newman town centre, this 89 room asset presents an opportunity to purchase a highly profitable long-term accommodation business, with substantial growth and expansion potential, as the WA resources sector goes from strength to strength. 

Investment Highlights: 

- An established hotel comprising 89 accommodation rooms, a la carte dining, bar, swimming pool and conference facilities
- A 2019 annual occupancy of 51% with an average room rate of $175 per night
- 31% of FY19 annual revenue was achieved in the last quarter  highlighting the impact of the ramping up of resources projects in the area 
- Limited competing accommodation assets in Newman
- Significant landholding of 2.90Ha* with potential to add room count if desired 

Seasons Hotel Newman is for sale by Expression of Interest closing Thursday 29 August 2019.

Property Highlights

Property ID2015492134
Floor Area29,000 m²
Land Area2.9 ha
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  31 Jul 2019
Map for 77 Newman Drive Newman WA 6753
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000

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