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Sold on 7 Nov 2019

SEASONS HOTEL NEWMAN/77 Newman Drive Newman WA 6753

  • Hotel, Motel, Pub & Leisure
  • 29,000 m²
  • Sold

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

Ryan McGinnity
CBRE Hotels
Ryan McGinnity
CBRE Hotels

Property Highlights

Property ID2015492134
Date Sold7 Nov 2019
Floor Area29,000 m²
Land Area2.9 ha
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  11 Nov 2020
Map for SEASONS HOTEL NEWMAN/77 Newman Drive Newman WA 6753
Map for SEASONS HOTEL NEWMAN/77 Newman Drive Newman WA 6753SEASONS HOTEL NEWMAN/77 Newman Drive Newman WA 6753
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Ryan McGinnity
CBRE Hotels
Ryan McGinnity
CBRE Hotels

Property Highlights

Property ID2015492134
Date Sold7 Nov 2019
Floor Area29,000 m²
Land Area2.9 ha
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  11 Nov 2020
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000
Ryan McGinnity
CBRE Hotels
Ryan McGinnity
CBRE Hotels

Ask Ryan McGinnity about this property

Ryan McGinnity

Ryan McGinnity

CBRE Hotels

+61 *** ***
+61 417 719 712

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