Together, the hotels offer 146 economy rooms, representing a combination of a well-established, highly profitable, income-generating business with substantial freehold land holdings.
The newly developed and multi-award-winning QT Hotel and East End Retail precinct, part of Newcastle’s East End development, has been listed for sale by owner and developer Iris Capital.
The beachfront hotel, neighbouring bars, café and bottle shop are currently leased to ASX listed Endeavour Group’s Australian Leisure and Hospitality (ALH), one of the country’s largest operators of licensed premises with 350 licensed venues.
Abode Hotel and Apartments Woden in Canberra has been listed for sale by Boutique Property Investment Fund Manager – The Shakespeare Property Group, with price expectations around $50 million.