All Seasons Resort Hotel sold for $54.5m to MA Financial Group by JLL
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All Seasons Resort Hotel sold for $54.5m to MA Financial Group by JLL
MA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca.
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JLL HotelsMA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca. -
JLL HotelsMA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca. -
JLL HotelsMA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca. -
JLL HotelsMA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca.
Interstate capital continues to pour into the Victorian Hotel and Pub sector with MA Hotel Management, a private entity of ASX-listed MA Financial Group (formerly Moelis Australia) acquiring the Freehold Going Concern of Bendigo’s All Seasons Resort Hotel for $54.5 million. The transaction was brokered exclusively off-market by JLL Hotels & Hospitality Vice President, Will Connolly, along with Managing Director, John Musca.
The sale represents this year’s largest regional pub transaction in Victoria ever, trumping last month’s sale of the Lorne Hotel at circa $38m, also brokered off-market by JLL’s Will Connolly and John Musca.
Occupying a commanding 35,572sqm site on McIvor Road (Highway) within minutes of Bendigo’s city centre, the fully integrated entertainment complex incorporates 77 guest rooms and suites (4.5 star), large bistro/restaurant, sports bar with TAB, licence to operate 100 gaming machines, conference & wedding facilities, indoor heated swimming pool, spa & sauna and extensive on-site parking.
Regional Victoria, and in particular Bendigo, is witnessing an influx of permanent residents as technology and the modern-day work environment continues to evolve, and employee demands of being required at the desk in the city five days a week are diminishing.
“We’re witnessing a very buoyant regional market at the moment and it’s a trend that could redefine country economies for years to come. Border restrictions and overseas travel limitations, coupled with the continued exodus of city dwellers to centres such as Bendigo, will continue to drive demand for hospitality assets, especially those offering F&B, accommodation and gaming”, commented Mr Connolly.
“The All Seasons is one of the largest multi-faceted venues in the country, offering a huge trading footprint and spread of income diversity as well as a significant landbanking opportunity”, he added.
The sale follows a recent influx of interstate capital into the Victorian pub space, historically dominated by ALH and a number of large generational family groups, with most predicting this trend to continue.
“We are representing a significant weight of capital moving from NSW to Victoria as a natural geographical expansion for operators requiring a national footprint as a response to the supply challenges in an ever-tightening NSW hotel market”, Mr Musca stated.
“We’re witnessing an astonishing transactional crescendo to end this financial year in the hotel asset class, with owners capitalising on the current scarcity of quality hotel assets and the insatiable appetite of both corporate and private investors”, he concluded.
The market momentum continues with JLL having transacted over $750m of pub assets so far in 2021, with the recent $80m sale of Byron Bay’s Great Northern Hotel further testifying JLL’s record breaking national activity.
To request a sales analysis please email either of the JLL selling agents via the below contact forms.
