Ibis Styles Port Macquarie

HTL Property is pleased to offer for sale the freehold going concern interest in Ibis Styles Port Macquarie – a 4-star, 45-room hotel superbly positioned to overlook the famous Town Beach in Port Macquarie, on the highly desirable NSW North Coast.

Key Investment Highlights:

• Highly desirable Mid-North Coast location; the #1 tourist destination in regional NSW
• Boutique offering of 45 modern rooms + guest lounge, pool and breakfast room
• Superbly positioned opposite Town Beach and Lions Park Lookout; walk to CBD
• Strategically midway between Sydney (4hr* drive) and Brisbane (5.5hr* drive)
• $3,447,972* Forecast Revenue (FY24/25) underpinned by 84.93%* Occupancy (FY23/24)
• Significant 1,748sqm* freehold site with triple frontage and 180-degree views
• R4 High Density Residential zoning; excellent long-term development potential
• Ample opportunity to drive revenues via refurbishment and F&B offering
• 34 million* visitors in 2023 spending $5.95 billion* and staying 20.64 million* nights
• 90,000 population* with $6.4 billion* in GRP; significant incoming government spending

Ibis Styles Port Macquarie provides a prime opportunity to capitalise on the booming tourism market and established offering with value-add opportunities, while the substantial landholding and prime location will underpin long-term value.

Ibis Styles Port Macquarie is for sale via an exclusive Expression of Interest campaign, closing at 4pm on Wednesday 28 August 2024.

*Approx.

Closing

28 August, 2024 at 4PM