JLL Hotels & Hospitality Group Peter Harper and Nick MacFie offer a premier hotel property in Victoria's second-largest city, Rydges Geelong for sale.
JLL Hotels & Hospitality Group has been exclusively retained to present to market Rydges Geelong, a premier hotel property in Victoria's second-largest city.
Situated on an expansive 5,991 sqm freehold site at the corner of Myers and Gheringhap Street, this seven-level hotel offers 138 rooms and suites (30 to 60sqm) with sweeping views across Geelong city and out to Corio Bay. Guest facilities include the Nautica Pool Bar & Kitchen, a conference and events centre catering for up to 600 people, outdoor swimming pool & spa, gymnasium, and 84 parking bays.
The hotel's prominent location puts it within walking distance of major business and leisure demand generators, as well as key infrastructure such as St John of God Hospital and GMHBA Stadium.
Just 75km from Melbourne, Geelong serves as a major economic centre which has recently benefitted from considerable population growth and enormous public and private development. National and international businesses, as well as significant organisations located in the region include Ford Australia, Cotton On Group, Deakin University, Epworth Hospital, Quicksilver, Rip Curl, Viva Energy and WorkSafe Victoria Headquarters.
The city is also a gateway to popular tourism destinations like the Surf Coast, Great Ocean Road, and even Tasmania via the Spirit of Tasmania and its recently established port. Furthermore, it plays host to a range of major events including Geelong Cats AFL games, Big Bash League cricket matches, the Festival of Sails, the Cadel Evans Great Ocean Road Race, and various other cultural events at GMHBA Stadium.
Peter Harper, Managing Director & Head of Investment Sales at JLL Hotels & Hospitality Group, commented: "Rydges Geelong represents a rare opportunity in a key regional Australian city. Its prime location, coupled with Geelong's status as a major economic hub and tourism gateway, positions this property as an exceptional investment prospect. The hotel's excellent market reputation and trading history speak volumes about its potential for future growth and success."
Nick MacFie, Senior Vice President, at JLL Hotels & Hospitality Group, added: "With vacant possession of brand and management available, and given the volume of transaction activity we’ve seen across the mid-market sector over the past 18 months, we’re expecting strong interest from investors, owner-operators and land bankers.”
Detailed information, including property, financial, legal, is available for review upon the execution of a confidentiality agreement. The Property is being sold by Expressions of Interest closing Thursday 17 April 2025.
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