Rydges Hobart, one of the city’s most established hotels and largest inner-city landholdings for sale by JLL Hotels & Hospitality’s Peter Harper and Nick MacFie On behalf of by EVT.

Nestled in the trendy CBD-fringe neighbourhood of North Hobart, Rydges Hobart occupies an enormous 11,860sqm site next to North Hobart Oval, overlooking the CBD and Derwent River. Its also a short distance from the vibrant Elizabeth Street precinct and has easy access to key attractions such as Macquarie Point, Salamanca and MONA.

Rich in history and developed in several stages in a campus style, the property comprises 63 guest rooms & suites which have been recently refurbished, a manager’s residence, restaurant & bar, several unique conference & meeting rooms, swimming pool, and extensive car parking.

The property also features a large building, originally a broom factory, which sits vacant and lends itself to adaptive reuse or redevelopment in accordance with the property’s Inner Residential zoning.

Currently owner-operated by one of Australia’s leading hospitality operators, EVT, ongoing management or vacant possession available. This flexibility gives incoming investors the option to continue ‘as-is’, change the brand or use of the asset, or explore a partial or full redevelopment of the site.  

Peter Harper, Managing Director & Head of Investment Sales, said “Rydges Hobart has been a mainstay of the city’s hotel offering for many years now, enjoying an excellent reputation and strong trading history. This, together with the incredible underlying landholding, provides a plethora of options for investors to consider either immediately or over the medium to long term while they benefit from a high yielding investment in the interim.”

Nick MacFie, Vice President, noted “Over recent years Hobart has become one of the strongest performing hotel and residential markets in the country with considerable investment and development from local, interstate and international groups. For this reason, we expect interest from a broad range of traditional hotel investors, land-bankers and developers.”

The property is being offered for sale via Expressions of Interest.

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EVT offer Rydges Hobart Hotel for sale by JLL Hotels & Hospitality Group