Traralgon, Victoria

SOLD - Hotel Traralgon Bar & Bistro

Leasehold $800,000

Business Description

An exciting opportunity to purchase one of LaTrobe Valley's most iconic hotels.

CRE Brokers, the exclusive agents and the business owners are motivated to sell the leasehold interest of Hotel Traralgon Bar & Bistro, formerly Ryan's Hotel.

Well positioned in the heart of Traralgon's CBD on the corner of Franklin and Kay Streets, Hotel Traralgon is arguably one of La Trobe Valleys most significant landmarks.

Built in 1914, the double story hotel maintains the historical charm of the past with modern amenities. The hotel features a bistro, sports bar, TAB and function facilities providing multiple streams of income.

The hotel is trading exceptionally well, appealing to a very large client base, Hotel Traralgon benefits from a busy bistro, sports bar offering 22 screens and pool table, late night entertainment in 171 Bar & Balcony which offers an amazing venue space utilizing the 1st floor and the balcony which is also available for functions.

Quest Apartments are also developing a 70 room facility at the rear of the hotel which will generate further growth as the complex will not have food and beverage facilities give an amanzing scope to work with Quest and do breakfasts and room service as there will direct access from Quest to the hotel.

This is an exciting opportunity not to be missed, and the time is now to make your mark on the hospitality and entertainment business in Gippsland.

Business Summary