The freehold of the 88-room Arena Hotel in Greater Western Sydney has been exclusively listed for sale with ResortBrokers.
Family owned for 17 years, Arena Hotel occupies a prime location on the Hume Highway, the main carriageway to/from central Sydney, in the suburb of Chullora in Greater Western Sydney.
Greater Western Sydney is one of Australia’s fastest growing and most dynamic regions. The area boasts Australia’s third largest LGA economy and has one of the fastest growing populations in the country, home to roughly 1 in every 11 Australians.
Arena Hotel provides an ideal mix of value, comfort and convenience designed for both business guests and holidaymakers visiting Sydney.
Located less than 30 minutes from both central Sydney and the airport and 15 minutes from Sydney Olympic Park, the hotel is the perfect base for budget-conscious travellers.
The hotel sits on a spacious 4,238 sqm lot, which invites the possibility to refurbish and rebrand or to completely reposition the asset. The large size of the lot invites the possibility of the new owner building an extension to increase the hotel’s offering from 88 to 120 rooms, subject to council approval, thereby growing the bottom line.
“Hotel freeholds such as Arena Hotel are tightly held, making this a rare opportunity to buy into the rapidly developing Greater Western Sydney market,” says ResortBrokers’ Greater Sydney agent, Tim Mayoh. “The new owner will reap the benefit of a quality hotel build, options to revitalise the asset including the surrounding land, generous parking availability and a simple accommodation concept. Arena Hotel is a box seat opportunity not to be passed up.”
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