ResortBrokers is excited to exclusively present to market the freehold going concern of ibis Styles Albany.
On offer is a well-established, 50-key midscale motel that has solidly traded for over 40 years.
The motel enjoys excellent street frontage on Albany Highway and is close to the city's renowned beaches, spectacular coastline and other main attractions that have seen Albany become one of top three most visited LGAs in the state.
ibis Styles Albany enjoys strong revenue with further room to grow occupancy and is ready to flourish in the right hands.
The motel occupies a large parcel of land with space available for additional units, thereby increasing occupancy and revenue. This is subject to Planning Consent.
The motel's on-site restaurant adds to overall profitability.
Astute investors should be quick to consider this exceptional opportunity to secure a large freehold motel well below replacement value with untapped potential in a growing regional tourist destination.
- 50-key midscale motel in central Albany
- Well-established with solid 40-year trading history
- Strong revenue with room to grow occupancy
- Land available for additional expansion subject to Planning Consent
- Rooms cater to both business and leisure travellers
- Currently run under management
- Hands-on operator would unlock potential
- Huge scope to revitalise asset
- On-site bar and grill restaurant
- Vacant possession available
- Inspections by appointment only
