Knight Frank is delighted to present to the market for sale the 'Salamanca Wharf Hotel’, both Freehold and Business.

The Salamanca Wharf Hotel was built in 2012 and since then has been in continuous operation. The vision of the development was to be the best boutique apartment hotel in Hobart, with the customer reviews and trading history suggesting that this may be true.

The property is one of the best positioned hotels in Hobart being in close proximity to the River Derwent and having frontage to Castray Esplanade, which runs adjacent to the world renowned Salamanca Place, home to the famed Salamanca Market. Salamanca Place is regarded as the most visited tourism precinct in Hobart, and offers world class hospitality, entertainment, and cultural experiences. The property is complimented from nearby public transport options, and by being walking distance to some of Hobart’s best hospitality and tourism venues.

The hotel benefits from 14 onsite carparks plus income from the ground floor café Tenant. The hotel business has rebounded exceptionally well since the Tasmanian border opening with January 2022 occupancy being approximately 78% closing in on the pre-pandemic average of approximately 84%, and a record high room rate of approximately $318 per night net of GST.

The asset is exceptionally well presented and maintained and should be considered by all astute investors and owner operators.

Knight Frank is selling the property via Expressions of Interest closing Thursday, 10 March 2022 at 4pm.

For further information or to arrange an inspection please contact the selling agents Knight Frank Tasmania, Scott Newton and George Burbury via the below contact details.