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.
- 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.
|Floor Area||29,000 m²|
|Land Area||2.9 ha|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||31 Jul 2019|