The Star Hotel, located in Victoria’s stunning township of Bright is now for sale, offering to market a true ‘entry-level’ opportunity in the state’s highly competitive gaming sector.

JLL Hotels & Hospitality Group has been exclusively appointed to sell The Star Hotel, located ideally within Victoria’s stunning Alpine Valley Region. The sale process is being led by Will Connolly, Senior Vice President - Investment Sales and offered to the market via Expressions of Interest.

Representing a sound mix of trading fundamentals, the Star Hotel presents as the only Gaming and TAB venue within Bright, with key features such as an expansive family friendly bistro, recently introduced outdoor deck/beer garden, TAB, and gaming room with 18 EGM’s all complimented via a central bar, servicing all trading zones providing a cost-effective solution for staff via the one service point.

“The Star Hotel comes to market at a time where appetite for regional pub assets is as strong as ever within Victoria, evidenced earlier in the year with the sale of both the Apollo Bay Hotel and Wye Beach Hotel which effectively ‘reset’ our market’s expectations of value for regional pubs going forward”

“Demand for regional gaming assets more specifically is now at fever pitch, particularly for opportunities like The Star, which at a sub $10m price point, present as ‘entry-level’ opportunities, allowing new entrants to the market to compete and acquire,” said Mr. Connolly.

Positioned in the heart of Bright, the hotel enjoys an even mix of trade from Bright’s well renowned year-round tourism activity, and local patronage with the town’s consistent urban growth. Having undergone refurbishments, the hotel presents a genuine ‘turn-key’ operation and a worthy addition to either a current portfolio or a ‘tree-change’ for an owner-operator to one of Victoria’s most stunning regional towns and gateway to the state’s spectacular Ski Resorts.

Expressions of Interest close on Thursday 15 September 5.00pm (AEST).

For more information contact the agents via the contact form below.