Maryborough, Queensland
REGIONAL CITY HOTEL/MOTEL - 117HF
FREEHOLD $2,500,000
Business Description
Key property features:
Details about the Hotel/Motel
- Renovations over $120,000 completed recently
- Kitchen appliances are two to three years old.
- All hot water systems range from one to four years old.
Hotel consists of:
- Public bar
- Kitchen (not operational at present)
- Private bar / function room
- Beer garden fully licensed
Riverview Motel consists of:
- 23 units
- 9 units are under long term lease renting at $1,000 per week
- 14 units recently constructed, rent at $220 per week
The Tinana Hotel, affectionately known as "The Tinnie" by the locals, is based in the town of Maryborough, Queensland on the banks of the Maryborough River.
The adjoining Riverview Motel is made of a 9-room motel, 3 hotel rooms and 11 new donga-style rooms all with on suite bathrooms. All rooms are rented on a weekly basis and are running at 100% occupancies at all times.
The Hotel is currently running one bar with weekly pool comp and monthly band nights which attracts customers from the entire region. Opportunity for new owners to re-open the restaurant and function rooms or establish a new lease for the entire hotel.
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 117HF (quote when enquiring)
Property Code: 4812
Business Summary
Key Investment Insights
1. Recent capital works exceeding $120,000 completed, indicating recent investment in property condition and appeal.
2. Kitchen appliances are only two to three years old, reducing immediate capex for equipment replacement.
3. Hot water systems aged between one and four years, signalling relatively new infrastructure for guest amenities.
4. Hotel operation includes a public bar, a private bar/function room and a fully licensed beer garden, offering multiple revenue streams from beverage and events.
5. Kitchen is currently not operational, presenting a clear upside by reopening the restaurant for additional income.
6. Riverview Motel comprises 23 units configured as 9-room motel, 3 hotel rooms and 11 recently built donga-style rooms, all with ensuite bathrooms.
7. Occupancy for all motel rooms is reported at 100 percent, demonstrating strong and consistent demand for weekly accommodation.
8. Nine units are on long-term lease generating $1,000 per week, providing stable leased income.
9. Fourteen recently constructed units rent at $220 per week, indicating newer stock with predictable weekly revenue.
10. Hotel retains regional draw via weekly pool competitions and monthly band nights, attracting customers from across the region and supporting bar trade.
11. Property is located on the banks of the Maryborough River in Maryborough, Queensland, offering geographic and local-community appeal.
12. Immediate growth options exist, including reopening the restaurant and function rooms, or placing the hotel under a single lease, providing operational flexibility for a buyer.
