A rare gem in Queensland’s thriving regional market, the meticulously restored Quality Hotel Regent Rockhampton is now for sale, offering an exciting passive investment opportunity for savvy investors.

Listed by JLL Hotels & Hospitality Group’s Senior Vice President, Gareth Closter, this 49-room heritage property not only exudes timeless elegance but also boasts a projected net income of approximately $615,510 for FY25.

Image Supplied - JLL Hotels & Hospitality Group

Situated in Rockhampton, the "Beef Capital of Australia," this vibrant city is a cornerstone of Central Queensland’s economic landscape. With a diverse range of industries, from agriculture and mining to tourism, Rockhampton serves as a key regional hub. Its proximity to the picturesque Capricorn Coast and Great Keppel Island makes the area a magnet for both domestic and international visitors, driving strong demand for premium accommodation.

The Quality Hotel Regent, with its 49 tastefully renovated rooms, offers a harmonious blend of classic charm and contemporary sophistication. Key amenities include the onsite Regent Café, a cocktail bar, conference facilities for up to 100 guests, and a tropical outdoor pool. The hotel’s historical appeal is enhanced by its incorporation of Block A of the Rockhampton Technical College, designed by renowned architect Thomas Pye in 1914.

“This is an excellent opportunity for an astute investor to enter the Queensland hotel market without exposure to the operational side of the industry,” Closter said.

Operating under a franchise agreement with Choice Hotels, the tenant provides long-term security, offering peace of mind to investors. The initial lease term is 10 years, with two optional five-year extensions.

Redeveloped in 2016, the hotel stands out from many older regional properties, making it a rare find. Its central location in Rockhampton, a gateway to the Great Barrier Reef and Great Keppel Island, further strengthens its position as a top accommodation choice in this high-demand market.

Closter noted the increasing demand for regional accommodation assets, stating, “There is significant capital chasing this asset class, and with the security of a fixed lease, this is an outstanding investment opportunity.”

Expressions of Interest for the Quality Hotel Regent Rockhampton close on Thursday, October 3, 2024.