After almost 42 years of continuous ownership, the highly regarded Stanford family have engaged Dan Dragicevich, Andrew Jolliffe and Sam Handy of HTL Property to market the 76,900sqm Vineyard Hotel for sale.

Comprising the popular Vineyard Hotel business, the expansive property also incorporates 57 motel rooms, with D.A. approval enjoyed for a further 84 proposed to be developed on currently superfluous land sites designated within the enormous commercial property holding.

"Our family have been proud owners and operators of this incredible suburban hotel operation for four prosperous decades, and whilst we have been consistently rewarded by the growth of both the business and surrounding population base, we recognize the time is now upon us to hand the baton across to a new owner in order to chart the asset's course for the next 40 years" commented Vineyard Hotel owner, Glen Stanford.

Exclusive agents Dan Dragicevich, Andrew Jolliffe and Sam Handy have been responsible for the sale of some of the nation's largest hospitality offerings; including Brisbane's 18,740sqm Acacia Ridge Hotel, and both Sydney's 11,642sqm Newport Arms and 9,800sqm Gregory Hills Hotels. But nothing brought to market so far compares to the scale of the Vineyard Hotel opportunity.

"The sheer scale of the land holding lends itself to a level of additional and mixed-use flexibility not common anywhere else on the national landscape, let alone within the boundaries of the country's largest city" advised HTL Property National Director, Dan Dragicevich.

"With that said, the opportunity to reshape the size and complexion of the business in order to meet the demands of the proximate and exploding population base within the immediate area, underwrites the investment thesis for capital expenditure deployment moving forward" Dragicevich concluded.

Situated on Windsor Rd, the commercial property holding is located within a 5k radius of approximately 30,000 new homes envisioned by the already materially advanced Gables, Box Hill and Hills of Carmel major housing estate developments.

"Australia wide, the traditional hotel asset class has performed exceptionally well notwithstanding the broad challenges imposed upon all business models; and irrespective of any travel restrictions, the sector has enjoyed its best Calendar Year to date on record" advised HTL Property Managing Director, Andrew Jolliffe.

"The market's introduction to the Vineyard Hotel opportunity is as chronologically unique as it is compelling, and the opportunity to intersect with the Stanford family's generational divestment strategy is both rare and particularly limited in nature" Jolliffe concluded.

The Vineyard Hotel is being sold exclusively by leading agency HTL Property by way of International Expression of Interest campaign concluding 7 October, 2021.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.