HTL Property is pleased to announce the sale of Lake Macquarie’s picturesque Rafferty’s Waterfront Resort, and in doing so confirms it as the first significant boutique accommodation sale for 2021.
Located at the vanguard of the deep waterfront’s very edge on popular Lake Macquarie, Rafferty’s Resort has been sold to Sam Arnout’s property juggernaut, Iris Capital.
HTL Property Directors Nic Simarro and Andrew Jolliffe were exclusively appointed to manage the sale of the property, embarking upon a successful Expression of Interest campaign; and culminating in the sale to Iris Capital, which followed closely behind the company’s acquisition of the $180m Accor Invest portfolio at the end of 2020.
“Publicity and determined consumer activity regarding the domestic travel surge has created clear demand for A grade regional accommodation offerings” commented HTL Director, Nic Simarro.
“With competition for investment opportunities significantly increasing following a range of both traditional, and new entrant investors seeking quality accommodation properties across the various domestic regions; but in particular those within 2 hours of airport facilities” added Simarro.
The recently sold lakeside Rafferty’s is situated upon 15,303*sqm of land, and comprises multiple hospitality and accommodation facilities; including the scale to materially expand various other commensurate operations.
Throughout the busy 5 week campaign, HTL Property advise it received in excess of 100 qualified enquiries; with multiple inspections and resultant offers to purchase before the successful buyer Iris Capital could be declared. With the consequent success and dynamic nature of the interest lending great positivity to the national deal landscape for upcoming campaigns.
“Commencing next week, we enjoy the opportunity to bring to market two further outstanding regional properties in the form of the inimitable and similarly waterfront Campbell Point House, on Victoria’s Bellarine Peninsula; as well as a premium hotel development site located prominently within the Wagga Wagga CBD” confirmed Simarro.
The sale of the waterfront Rafferty’s Resort is the leading boutique national agency HTL Property’s 8th significant hospitality property sale of the calendar year to date. With further sales to be disclosed in February.
“With record levels of cash on deposit housed within the amalgam of Australia’s domestic banks, and a veritable wave of undeployed stimulus capital still to find its way back into the system, the bookends of consumer-led business unit revenue and investor-driven acquisition appetite chart a heady course for market activity in 2021” affirmed HTL Property Asia Pacific Director, Andrew Jolliffe.
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