HTL Property, a national specialist accommodation brokerage firm is pleased to exclusively offer for sale Ibis Styles Port Macquarie. The EOI campaign will be steered by Andrew Jackson, HTL Property’s National Director supported by Nic Simarro and James Carrick, HTL Property Directors. Ibis Styles Port Macquarie is a 4-star hotel offering superbly positioned in Port Macquarie, on the highly desirable NSW North Coast.

Ibis Styles Port Macquarie comprises of 45 modern guest rooms with marble-finished ensuites, breakfast lounge with 180-degree ocean views, an outdoor swimming pool, large reception/foyer and on-site parking. The strong performing hotel occupies a substantial 1,748 sqm freehold site superbly positioned opposite Lions Park Lookout and Town Beach, from which the famous Port Macquarie Coastal Walk begins.

“The location of the hotel is simply unrivalled. Boasting uninterrupted ocean views and just across the road from Port Macquarie’s pristine beaches. It is also at the doorstep to the CBD, just a short stroll away to the hustle bustle of the vibrant city featuring the Port Central Shopping Centre and an abundance of retail, dining and entertainment opportunities,” said Andrew Jackson, HTL Property National Director.

Port Macquarie is located on the highly popular Mid-North Coast of New South Wales, strategically positioned midway between Sydney and Brisbane, within a 5 hour’s drive to either. The significant regional city boasts a substantial 90,000 population which underpins a diverse local economy that generation $12.4 billion in economic output. There are unprecedented levels of infrastructure spending, both government and private investment coming into the region which speaks volumes for the strong prospects and future growth of the region.

“The North Coast of NSW consistently ranks as the #1 tourist destination in NSW, attracting over 12.3 million visitors last year who spent almost $6.0 billion and stayed over 20.6 million nights. With its expansive beaches, vibrant city centre and exciting calendar of events, plus an excellent year-round climate, Port Macquarie filled with tourists all year round,” advised James Carrick, HTL Property Director based on the North Coast of NSW.

Both the prime positioning and wider location of Ibis Styles Port Macquarie is bolstered by the site’s favourable R4 High Density Residential zoning, which is under-utilised at present with just the three level hotel. The prime beachfront site located in a top lifestyle destination and strong regional city lends itself to future redevelopment in order to capitalise on the water views and ever-strong housing market.

“We are excited to bring this fantastic opportunity to market and are genuinely excited by the interest it will generate, which we expect to be from a diverse range of investors. The Property is forecast to return a circa $3.5 million gross profit next year which will attract owner-operators and passive funds alike as well as the larger corporate players and those looking for a holding income while land banking to capitalise on the long-term value potential,” said Nic Simarro, HTL Property Director.

“The accommodation investment market has recovered strongly post pandemic, buoyed by the tourism resurgence. We are seeing strong demand from investors across the board as their mandates return to growth phases, and additionally from new market entrants who are recognising the diverse and unique opportunities provided by the hotel asset class. Combined with a limited supply of quality stock coming to market, competition amongst investors is tightening and yields are slowly sharpening,” concluded Andrew Jackson.

The freehold going concern interest in Ibis Styles Port Macquarie is for sale by HTL Property via an Expression of Interest Campaign closing on Wednesday, 28 August 2024.