Occupying an ideal Perth CBD lo cation that suit s a range of market segments, City Waters Hotel is one of very few budget-style accommodation providers in the area. Hotel facilities include 62 tidy and fully self-contained accommodation units, each featuring ensuited bedrooms and fully equipped kitchens, as well as a hotel reception area, commercial laundry, manager’s residence, administration office areas and on-site car parking for up to 26 vehicles.
With limited existing competition and growing demand driven from Western Australia’s positive market fundamentals particularly on the back of the resources sector, an incoming owner will be well positioned to enjoy the Hotel’s strong existing cashflow.
City Waters Hotel offers an incoming owner the opportunity to either continue the current operations as a Hotel and benefit from the profitable returns, or acquire over time the additional 13 units that are currently individually owned with a view of potentially developing the large 2,797sqm site.
The sale represents the chance to acquire an outstanding budget-style hotel in Australia’s strongest performing capital city. Available with vacant possession an incoming owner has the ability to continue operating the Asset as an owner-operator or the opportunity to appoint a brand and reposition the Asset.
This sale represents the first opportunity in many years to acquire a mid-market hotel in the Perth CBD.