Parklands Resort & Conference Centre Mudgee for sale by JLL Hotels & Hospitality Group agents Andrew Langsford, Greg Jeloudev and Chris Boyd.
Parklands Resort & Conference Centre Mudgee for sale by JLL Hotels & Hospitality Group agents Andrew Langsford, Greg Jeloudev and Chris Boyd.
Situated on 15.7 hectares of beautifully manicured gardens, this property is the gateway to the historic Mudgee food and wine region and an ideal place for business, leisure and events. Parklands Resort & Conference Centre offers 87 spacious guest rooms averaging 41 sqm together with over 2,000 sqm of its vast multi-purpose conference facilities, perfectly suited for weddings, corporate conferences, gala dinners, trade shows, and concerts.
The Parklands Resort Mudgee complex is surrounded by 15 hectares of picturesque countryside, perfect for leisurely strolls or gourmet picnics while guests can also indulge in some R&R with access to a private tennis court, polo fields, indoor pool, fitness centre and heated spa. The hotel is being offered with vacant possession of brand and management.
Andrew Langsford, Senior Vice President at JLL, commented, "Parklands Resort & Conference Centre represents an opportunity to capitalise on consistent demand throughout the week, catering to corporate and infrastructure related demand on weekdays, and weekend leisure through the eco tents and events like weddings”.
Mudgee and its surrounding areas are witnessing a significant boost to the local economy, driven by substantial infrastructure projects currently underway. The expansion of the mining sector, coupled with the development of the Central-West Orana Renewable Energy Zone (REZ) declared by the NSW Government, is set to create a wealth of employment opportunities. These initiatives are poised to further invigorate the region, contributing to sustainable economic growth and development. Often heralded as one of Australia’s best-kept secrets, Mudgee is a viticultural paradise located just three and a half hours west of Sydney and one and a half hours from Dubbo.
Greg Jeloudev, Vice President at JLL Hotels & Hospitality, noted, "Mudgee continues to boom being an attractive tourist destination and commercial hub for the region. Substantial proximal renewable infrastructure projects continue to grow local industry which complements already established agricultural production. Consistent corporate and leisure demand in the region with key infrastructure and REZ projects are expected to continue to drive demand”.
Concluding, Chris Boyd, Associate at JLL Hotels & Hospitality, commented, “Regional accommodation assets are highly sought after due to their high replacement cost, excellent profitability, and relative ease of management. Investors are particularly drawn to assets that are underpinned by consistent levels of trade and have operational upside potential. With the characteristics on offer here, we are expecting a wide range of purchaser demand”.
The sale process for Parklands Resort and Conference centre is expected to be hotly contested given the inflow of capital continuing to pour into the region. This is evidenced by the recent successful sale announcements of the Paragon Hotel in Mudgee, as well as the Ten Dollar Town Motel, and Centennial Hotel in Gulgong, all of which were sold by JLL Hotels.
Expressions of Interest for Parklands Resort & Conference Centre are being managed by JLL Hotels & Hospitality Group. For further information, please contact Andrew Langsford, Greg Jeloudev or Chris Boyd.