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CBRE Hotels is pleased to present the opportunity to acquire freehold going concern interest in the Travelodge Rockhampton

CBRE Hotels is pleased to present the opportunity acquire the freehold going concern interest in the Travelodge Rockhampton

Key investment highlights include:

  • 4-star hotel which presents well with 74 well-appointed guest rooms of generous sizes (24-47sqm) with 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
  • Operated by TFE Hotels – offered with Vacant Possession at no cost – opportunity for owner operators or alternate brands
  • Large 3,210sqm freehold riverfront parcel of land – significant underlying land value
  • Robust financial performance delivering a strong profit margin with potential to significantly value-add and increase EBITDA
  • Located within the 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 5th October 2018 at 1:00pm AEST (unless sold prior).

Agents details:

HAYLEY MANVELL

M: +61 400 622 452

E: hayley.manvell@cbrehotels.com

WAYNE BUNZ

M: +61 419 698 640

E: wayne.bunz@cbrehotels.com

SHANE MULLINS

M: +61 447 185 001

E: shane.mullins@cbrehotels.com

 

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