JLL Hotels & Hospitality Group exclusively presents to market the freehold going concern interest in the Royal Hotel in Tumut NSW. Undoubtedly the best on-market regional hotel opportunity for 2024, the Royal Hotel enjoys excellent trade predominantly derived from high margin departments of gaming, accommodation and bar trade.

The venue is offered for sale on behalf of portfolio owners Lancer Group, who site consolidation and asset prioritisation as the reason for divesting.

The Royal Hotel is a robust hospitality business underpinned by 20 Band 3 (red zone) gaming machine entitlements, 11 detached motel suites, and 14 first floor pub accommodation rooms. The F&B trade continues to grow after a recent refurbishment of the main bar and dining area, with total weekly revenue exceeding $80,000 (46% derived from gaming).

The pub resides on a substantial landholding of 3,250sqm which has the benefit of flexible E1 Local Centre zoning. The rear of the site includes a dormant detached bottle-shop which can provide an additional revenue stream to the already thriving business, or potentially redeveloped into additional accommodation rooms.

Managing the sale campaign are specialist hotel brokers Greg Jeloudev, Edward Browne and Kate MacDonald, with Mr Jeloudev stating, “The Royal Hotel is a true all round pub business comprising all the desirable trade levers. The Band 3 location future proofs the venue from any further competition, thus ensuring longevity for venue performance.”

There is substantial upside to be realised at the hotel, with the first-floor pub rooms and detached motel suites in original condition. The hotel continues to be run under management with the current owners residing in Sydney, and therefore having a passive influence on the daily operation.

The township of Tumut has a population of over 6,600 people and is a regional hub for the greater Snowy Valley area.

The precinct continues to benefit from the ongoing Snowy 2.0 infrastructure project which compliments substantial local agricultural production. In addition, there is a $37m upgrade of Brindabella Road which will drastically improve travel directly to Canberra.

The Royal Hotel in Tumut is offered for sale via Expressions of Interest closing Wednesday 21st of August 2024 at 12pm midday (if not sold prior). 

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