SEASONS HOTEL NEWMAN, 77 Newman Drive,
Newman, WA 6753
Hotel, Motel & Leisure
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of SEASONS HOTEL NEWMAN, 77 Newman Drive
SEASONS HOTEL NEWMAN
- Significant landholding
- Consistently strong performing asset
- Rebounding WA resources market
CBRE Hotels is pleased to present to the market Seasons Hotel Newman – a continually strong performing regional accommodation asset offering a significant footprint, in land and rooms, in the resource-rich, north-west of Western Australia.
Positioned at the entrance of the Newman town centre, this 89 room asset presents an opportunity to purchase a highly profitable long-term accommodation business, with substantial growth and expansion potential, as the WA resources sector goes from strength to strength.
Investment Highlights:
- An established hotel comprising 89 accommodation rooms, a la carte dining, bar, swimming pool and conference facilities
- A 2019 annual occupancy of 51% with an average room rate of $175 per night
- 31% of FY19 annual revenue was achieved in the last quarter – highlighting the impact of the ramping up of resources projects in the area
- Limited competing accommodation assets in Newman
- Significant landholding of 2.90Ha* with potential to add room count if desired
Positioned at the entrance of the Newman town centre, this 89 room asset presents an opportunity to purchase a highly profitable long-term accommodation business, with substantial growth and expansion potential, as the WA resources sector goes from strength to strength.
Investment Highlights:
- An established hotel comprising 89 accommodation rooms, a la carte dining, bar, swimming pool and conference facilities
- A 2019 annual occupancy of 51% with an average room rate of $175 per night
- 31% of FY19 annual revenue was achieved in the last quarter – highlighting the impact of the ramping up of resources projects in the area
- Limited competing accommodation assets in Newman
- Significant landholding of 2.90Ha* with potential to add room count if desired
Property ID: 503279558Last Updated: 27 Apr 2020
04177197...
SEASONS HOTEL NEWMAN, 77 Newman Drive
Newman, WA 6753
CBRE - HotelsLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.