Snowy Mountains Alpine Inn sold by JLL Hotels & Hospitality Group
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Snowy Mountains Alpine Inn sold by JLL Hotels & Hospitality Group
JLL Hotels & Hospitality Group Executive Greg Jeloudev announced the freehold interest in the Alpine Inn Khancoban sold on behalf of Snowy Mountains local, Mr Ignazio Mondello, who after 19 years of ownership has successfully divested the asset.
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JLLSnowy Mountains Alpine Inn sold by JLL Hotels & Hospitality Group -
JLLSnowy Mountains Alpine Inn sold by JLL Hotels & Hospitality Group
JLL Hotels & Hospitality Group is pleased to announce the sale of the freehold interest in the Alpine Inn, Khancoban NSW.
The venue was sold on behalf of Snowy Mountains local, Mr Ignazio Mondello, who after 19 years of ownership has successfully divested the asset. The venue is currently tenanted with a month-to-month rolling lease providing flexibility to re-staple operations.
The sale included 8 valuable gaming machine entitlements, a 36-room motel, residential house and associated pub infrastructure. Situated on approximately 4 acres of land, the Alpine Inn is set to be repositioned into an exciting hospitality venue.
The venue was purchased by a Sydney-based food and beverage hotelier who adds another regional venue to a growing hospitality portfolio. The purchaser has aspirations to conduct an extensive renovation on the pub and motel rooms.
Khancoban is located in the Snowy Valleys LGA and is in close proximity to the Kosciuszko National Park. The area is categorized by rolling mountains, picturesque freshwater streams and an abundance of native wildlife. The ‘Snowies’ region continues to benefit from infrastructure projects such as the Snowy 2.0, with Snowy 3.0 set to be announced shortly.
JLL Hotels’ Executive Greg Jeloudev facilitated the on-market transaction, which garnered interest from an array of hospitality and alternate use aspirants.
Mr Jeloudev notes, “The Alpine Inn demonstrates sound investment fundamentals comprising a mix of gaming, accommodation and genuine operational upside. Inimitable locational drivers such as the Snowy Scheme and the undoubtably picturesque scenery ensure the Alpine Inn will have a strong following for decades to come”.
The sale of the Alpine Inn is yet another example of a freehold pub sale with repositioning potential, which closes follows the sale announcements of the Globe Hotel in Deniliquin, the Howlong Hotel, and the Post Office Hotel in Gulgong.
JLL Hotels thanks Mr Mondello for entrusting the firm with this important mandate and congratulate the purchaser on their new hotel acquisition.
To request a sales analysis please contact the selling agent JLL Hotels’ Executive Greg Jeloudev via the below contact details.
