The Amelia Hotel, situated in the heart of Brisbane’s burgeoning entertainment and lifestyle precinct, Fortitude Valley, is being offered for sale by JLL Hotels & Hospitality Group and ResortBrokers via Offers to Purchase. 

The Amelia Hotel is an 18-key freehold going concern just 1 kilometre from the Brisbane CBD and is a short stroll to the heart of vibrant Fortitude Valley entertainment precinct. The sale process for the hotel is being conducted by Gareth Closter, Senior Vice President of JLL Hotels & Hospitality Group, in conjunction with Nathan Eades of ResortBrokers.

“Affordable inner-city entry-level hotels of this nature are extremely rare,” Mr Closter said. “Redevelopment and repurposing have seen many of these boutique hotels transition to alternate uses, and the recent jump in ADRs and occupancy in Brisbane’s mid-scale hotel market is improving profitability for hotels of this nature,” continued Mr Closter.

The vendors have had a P&L prepared by industry specialist accountancy firm McAdam Siemon which shows a projected Net Operating Profit of $601,204 per annum.

The Amelia Hotel has recently been refurbished to a high standard including all bathrooms which are extremely well finished. The property has a flexible reception with an option for 24-hour check-in, a small low-labour 'hole in the wall' café and bar (does not need to be operated), private paid parking available, free Wi-Fi and laundry services offered. The reviews of the property are excellent, with an aggregate review score well above average.

The hotel is situated between the RNA Showgrounds and Fortitude Valley Railway Station and is only a two-minute walk away from each of these landmarks. Perched on 405sqm of prime inner-city land, which is zoned "MU1" Mixed Use (Inner City), the property has significant future redevelopment potential (STCA) with no heritage restrictions.

“Fortitude Valley has seen huge escalation in site values over recent years in conjunction with the recent increases in build costs – you simply could not replace the property for what you could buy it for,” proffered Mr Closter.

The hotel is currently run by a husband and wife team, who are first time operators, presenting an opportunity for an experienced hotelier to add the property to existing operations and improve efficiency.

Potential purchasers of the Amelia Hotel are invested to present offers with the property for sale via an Offers to Purchase campaign.

To request more detail on the offering, please contact JLL Hotels & Hospitality’s Gareth Closter or ResortBrokers’ Nathan Eades via the contact details provided.