CBRE Hotels is pleased to present the opportunity to acquire the freehold going concern interest in the Travelodge Rockhampton.
Key investment considerations include:
• 4.0-star hotel which presents well with 74 well-appointed guest rooms of generous sizes (24-47m2)
• Operated by TFE Hotels - offered with Vacant Possession at no cost - opportunity for owner operators or alternate brands
• Large prime 3,210m2 riverfront freehold parcel of land - significant underlying land value and over the medium term, potential redevelopment.
• Extensive facilities: four conference and meeting rooms, two food and beverage venues, recreational facilities (swimming pool and gymnasium), ample parking and a two-bedroom manager's residence
• Robust financial performance delivering a strong profit margin with potential to significantly value-add and increase EBITDA.
• Located within Rockhampton CBD and Fitzroy River Precinct, fronting Victoria Parade and offering exceptional river views. The Fitzroy River Precinct recently underwent a major $36m revitalisation project, and $1.6b in major projects under construction or proposed.
The freehold going concern interest in the Travelodge Rockhampton is offered for sale via an EOI campaign closing 5 October 2018 at 1:00pm AEST (unless sold prior).
