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Press Release

Tasmania’s Art Hotel for Sale by HTL

Specialist national agency HTL Property, in conjunction with NAI Harcourts Launceston, is pleased to have the exclusive pleasure of marketing Launceston’s iconic Art Hotel on York by way of Expression of Interest – closing 14 July 2022.

The Art Hotel on York is a boutique hotel offering 24 well-appointed rooms, a refurbished manager’s residence and restaurant. The original 1870s building has been lovingly redeveloped and refurbished over the years to present in charming art deco style. The Art Hotel uniquely doubles as an art gallery, and combined with its French Provincial interior courtyard, inviting atmosphere and convenient location, is a top-rated choice of accommodation in Launceston.

Located on a prominent corner in the Launceston CBD, the Art Hotel on York is within walking distance of all the city has to offer. Top attractions such as Cataract Gorge, Queen Victoria Art Gallery, Royal Park and the Penny Royal Adventure Park are all within 1km; in addition to an abundance of dining, shopping and entertainment opportunities.

Whilst each room presents to a very high standard, the art throughout the common areas provides a unique and tasteful experience for its clientele.

“Hotels of this nature and in these locations very rarely come up for sale, and the fact that our clients converted such an already iconic property into this masterpiece is truly a great story” advised HTL Property Director, Nic Simarro.

“The Hotel has seen significant growth year-on-year since its refurbishment, however there still exists a very patent opportunity to start a food and beverage operation in the property’s cozy street-side restaurant; and which the current owners have not yet activated” added Simarro.

“We have loved our time in Launceston and watching the Art Hotel on York’s transformation has been fulfilling to say the least” commented Vendor, Tony Berrigan.

“We are excited that the hotel is still in growth mode, and the incoming purchaser has a war chest of opportunity” Berrigan added.

Including the potential expansion of additional rooms at the rear of the property, and potentially a wine bar in the private courtyard, and dining in the restaurant; we only operated without these to suit our personal lifestyles” Berrigan concluded.

Art Hotel on York enjoys the pleasure of being ranked seventh out of forty-two hotels in Launceston; and its profile is further complemented by the number of positive reviews it enjoys on Tripadvisor.

Art Hotel on York is exclusively for sale by Nic Simarro and Andrew Jackson of HTL Property, in conjunction with Nick Oliver of NAI Harcourts North Launceston.

Expression of Interest closes at 4pm on July 14, 2022.

 

End.

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