ResortBrokers, in collaboration with Burgess Rawson, proudly presents the Alpha Hotel & Apartments in Greenway, Canberra. This 100-room property is currently leased to Alpha Hotel & Apartments under a secure 15-year lease, with 2.5 years remaining. New owners are presented with the option to retain the existing lease and its guaranteed income stream, or alternatively, to assume vacant possession and undertake direct management of the motel.
Perfectly positioned next to the upcoming $16.2 million Canberra Arena, set to begin construction later this year, and adjacent to a prominent Canberra club, this hotel is primed to capitalise on a growing market. Additionally, with Abode's recent transition to strata and the closure of its 82-room property, there is a significant opportunity to capture displaced business and strengthen occupancy rates.
As the largest hotel in Tuggeranong, Alpha Hotel & Apartments offers a range of facilities, including a fully equipped gym, sauna, conference facilities, and a cost-efficient 30kW solar energy system. With strategic renovations, the property can meet evolving market expectations, increasing tariffs and occupancy. Its size and layout make it ideal for hosting conferences, school groups, weddings, and corporate events while still accommodating regular business travellers. With Greenway undergoing significant urban renewal and visitor demand set to rise, Alpha Hotel & Apartments presents a rare opportunity to secure an established business, growth-ready asset in a tightly held market.
- Prime location next door to the new $16.2 million Canberra Arena set to start construction later this year
- Potential to renovate and meet the markets evloving standards, significantly boosting tariffs and occupancy rates
- Ideally located next to a prominent Canberra Club
- Potential to capitilise on school groups, weddings, and conferences
- With 100 rooms, the property can host conferences while still serving regular corporate clients
- Ability to capture business left behind by Adobe's closure of its 82-room properties after transitioning to strata
- Inspections by appointment only
