Hotel for Sale – Town Beach Motel Inn, Port Macquarie
HTL Property are pleased to announce for sale the Town Beach Motor Inn, and the adjacent commercial site are to the market.
Town Beach Motor Inn, and the adjacent commercial site are exclusively being brought to market by HTL Property; a national brokerage company specialising in accommodation transactions. The Expression of Interest campaign will be managed by locally based Director James Carrick, over a five-week period. The freehold going concern interest in Town Beach Motor Inn is available for sale for the first time in over 20 years.
Port Macquarie anchors the highly popular North Coast of NSW and is a top tourist destination. Further, underpinned by a vibrant regional city and a diversified, well-established economy. Port Macquarie is centrally located between Sydney and Brisbane, attracting overnight travellers from both cities as well as surrounding regions.
“The North Coast of NSW consistently ranks as the #1 tourist destination in regional NSW, attracting almost 12 million visitors last year. With its pristine beaches, vibrant city centre and exciting calendar of events; the city is bustling with tourists all year round,” advised HTL Property’s James Carrick.
Town Beach Motor Inn is very well located and is a consistently strong performing motel business offering 18 well- appointed rooms over two levels. It is owner-operated by experienced moteliers, who are simply at the end of their accommodation journey. The Motel and adjacent site occupy a combined 1,946 sqm prominent landholding. In addition, the corner site boasts three street frontages, is close to Port Macquarie’s vibrant CBD and Town Beach; and is ideally positioned with genuine future development opportunities.
Whilst the Property both performs and presents extremely well as is, it also offers immediate upside via the introduction of dynamic pricing strategies, the implementation of an online reservation system and the further engagement of OTA’s.
“Port Macquarie is undergoing unprecedented levels of investment, and is the fastest growing regional city in Australia. The $100 airport million expansion has just finished and now there’s another circa $100 million going into the Ocean Drive upgrade as well as a new state-of-the-art aquatic facility and regional sports complex. New, master planned residential suburbs are popping up everywhere, which will deliver population growth forecast to further expand this vibrant city,” commented Carrick.
“Driven by the ongoing resurgence in tourism and the stabilisation of the economy, confidence within the accommodation sector is noticeably warming up. From smaller private investors and operators to the larger corporate funds, all origins of capital are migrating back to the accommodation space; recognising the supply of similar scale freehold going concern assets is extremely limited,” Carrick concluded.
The freehold going concern of Town Beach Motor Inn, together with the neighbouring commercial site, are available for sale via an exclusive Expression of Interest Campaign closing at 4pm on Tuesday, 28th November 2023 – unless sold prior.
