The Quality Hotel Regent, situated in the strong regional Queensland market of Rockhampton, is being offered for sale by JLL Hotels & Hospitality Group’s Senior Vice President Gareth Closter. 

The hotel provides a net income of $615,520 (approx.) p.a. for the FY25 and offers substantial 49 key hotel set in a beautifully refurbished heritage building with a classic yet sophisticated finish.

The hotel also includes amenity including an on-site restaurant, Regent Café and on-site cocktail bar, conference facilities for up to 100 guests & outdoor pool with tropical surrounds.

“This is an excellent opportunity for an astute investor to enter the hotel market in Queensland with no exposure to the operational side of the of the hotel industry” Mr Closter said. 

The tenant operates under a franchise agreement with Choice, an international hotel chain, providing investors with comfort that the tenant will perform with consistency.  The initial lease term of the lease is 10 years with two option terms of five years.

The hotel was a redevelopment of the existing building that was completed in 2016.  “This is a rare offering as the majority of regional accommodation in Queensland is aging whereas this hotel is just 8 years old” Mr Closter continued.

The Quality Hotel Regent includes the heritage-listed Block A of the Rockhampton Technical College that was designed by Thomas Pye and built in 1914. Pye also worked on Brisbane's Treasury Building and the Rockhampton Customs House.

The hotel enjoys a central, convenient location just a short walk to the centre of Rockhampton, a market with strong demand drivers in the regional accommodation market and an ideal base for visiting the Great Barrier Reef or Great Keppel Island.

“There is significant capital chasing this asset class,” Mr Closter said.  “We are seeing strong interest in regional accommodation assets and with the comfort of a fixed lease this is an outstanding investment opportunity” he continued.

The Quality Hotel Regent Rockhampton is being offered for sale by Expressions of Interest closing Thursday 3rd October, 2024. 

To request more detail on the sale please contact JLL Hotels & Hospitality’s Gareth Closter via the contact details below.

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