Management Rights, Melbourne

Management Rights, Melbourne — Hospitality & Tourism · Melbourne, VIC · Asking Expressions of Interest · Revenue $5,149,106

309-lot mixed-use complex including hotel rooms, carparks, offices, retail, front desk and restaurant 209 room-suite lots, with 136 apartments currently in the onsite letting pool under short-term leases New Building Management Agreement commenced December 2021 with over 20 years remaining Four conference/office space leases located on Level 1 Located a few minutes from Melbourne's CBD in the…

DealProspect/Listings/Hospitality & Tourism

Management Rights, Melbourne

Management Rights

ActiveHospitality & TourismVictoriaB2C

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Asking price

~$1,797,038

est. from comparable listings of this type and size · typically within ±50% · AUD

Revenue

$5,149,106

TTM

Earnings (est.)

~$306,275

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~5.9×

Assumed · estimated price ÷ estimated earnings (as advertised)

Brief

309-lot mixed-use complex including hotel rooms, carparks, offices, retail, front desk and restaurant
209 room-suite lots, with 136 apartments currently in the onsite letting pool under short-term leases
New Building Management Agreement commenced December 2021 with over 20 years remaining
Four conference/office space leases located on Level 1
Located a few minutes from Melbourne's CBD in the cultural and sporting precinct
Company currently under external administration; sold on an owner-operator basis requiring a two-person management team

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