Regional Centre Hotel Sale Brings Up $50m and 60% Market Share in 2020

Riverina Hotel in Wagga Wagga sold in October 2020 following an off market campaign exclusively curated by HTL Property.

Wagga Wagga’s Riverina Hotel has sold to a Sydney based operator.

The well known asset is a freehold going concern hotel that features a bar, bistro, 16 very valuable gaming entitlements and a drive through bottleshop.

HTL Property’s client and Vendor is Joe Walsh, who won a National Rugby League Premiership in 1969 with everyone’s second favourite team, the mighty Balmain Tigers.

HTL Property is delighted to have represented Joe Walsh and his family regarding the sale of the freehold going concern interest in the Riverina Hotel, Wagga Wagga.

This sale proudly brings HTL Property’s Regional Hotel Sale market share to 60% over the past twelve months.

“The sale of the Riverina Hotel brings HTL Property’s consolidated regional sales to in excess of $50,000,000.00 for Calendar Year 2020 already” advised HTL Property Director, Blake Edwards.

“At more than $1m per week in regional hotel sales, we reconfirm our earlier guidance regarding the potent depth of investment interest in sub-metro markets of substance” Edwards concluded.

Freehold going concern hotel featuring bar, bistro, drive bottle shop, gaming room and Manager’s unit
Located in NSW’s largest inland city, with a population of approximately 62,000* in the LGA
Includes 16 valuable gaming entitlements
3am liquor licence, currently only being traded to 10pm most nights
Large 1,752sqm* block with off street car parking
Well diversified revenue streams, not over reliant on any one source for profit

* Approx.