JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of the iconic Craig’s Royal Hotel (the ‘Hotel’) located on historical Lydiard Street in the heart of the thriving regional city of Ballarat.
Craig’s Royal Hotel represents a rare opportunity to acquire Ballarat’s most prestigious accommodation hotel.
Originally built in 1853 on the site of Bath’s Hotel, Ballarat’s first officially licensed pub, this historic Victorian icon has played host to famous poets, princes and prime ministers over its long 166 year history.
After a multi-million dollar restoration by the current owners, the accommodation, dining, meeting and banquet facilities have re-established Craig’s Royal Hotel as the finest boutique heritage hotel in the region.
The Hotel’s facilities include 37 exquisite boutique guest rooms (with a further four rooms currently non-operational), six opulent function/conference rooms (five currently utilised), a highly acclaimed restaurant, main bar, cafe and gaming room & bar with 45 well performing EGMs.The sale of Craig’s Royal Hotel provides investors or owner-operators an unprecedented opportunity to acquire an iconic accommodation and gaming hotel which offers a sound mix of revenue with a strong trading history in one of Victoria’s significant regional centres and high-performing gaming precincts