223 Padstow Road, Eight Mile Plains, Queensland

Brisbane value add Hotel opportunity

Expressions of Interest by Wed 12th June 24 @ 2PM

Business Description

• 60 large hotel rooms including 21 x 2-bedroom apartments
• Outstanding re-positioning opportunity that suits a variety of uses
• Proven trading performance with consistent repeat business
• Excellent location with strong local demand drivers
• Vacant possession of brand & management allowing maximum flexibility
• Enjoy the favourable trading conditions Brisbane offers towards the 2032
Olympic Games
• EBITDA: *$1.1 million FY23

SUNNYBANK STAR HOTEL & APARTMENTS
FOR SALE VIA EXPRESSIONS OF INTEREST
CLOSING WEDNESDAY, 12 JUNE 2024 AT 2PM (UNLESS SOLD PRIOR)

*Approx

Business Summary

Marketing Agent
Gareth Closter
Gareth Closter

JLL Hotels & Hospitality Group

JLL Hotels & Hospitality Group

Key Investment Insights

Key Insights:

1. The hotel has a total of 60 large rooms, including 21 two-bedroom apartments, offering a variety of accommodation options for guests.

2. The property presents an outstanding opportunity for re-positioning, making it suitable for a range of uses such as a boutique hotel, serviced apartments, or even a residential development.

3. The hotel has a proven track record of strong trading performance, with consistent repeat business from satisfied guests.

4. Located in a prime location, the hotel benefits from strong local demand drivers, ensuring a steady flow of guests.

5. The sale includes vacant possession of the brand and management, giving the new owner maximum flexibility to implement their own vision for the property.

6. The hotel is well-positioned to take advantage of the favourable trading conditions in Brisbane leading up to the 2032 Olympic Games.

7. The projected EBITDA for the hotel in FY23 is $1.1 million, indicating a strong potential for profitability.

8. The Sunnybank Star Hotel & Apartments is being offered for sale via expressions of interest, with a closing date of 12 June 2024 at 2pm, unless sold prior.

9. The hotel is a well-established and successful business, with a solid foundation for growth and potential for further development.

10. With its prime location, strong trading performance, and potential for re-positioning, the Sunnybank Star Hotel & Apartments presents a unique and attractive investment opportunity in the thriving city of Brisbane.
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