Beachfront Motel - Dromana

Beachfront Motel - Dromana — Hospitality & Tourism · Dromana, VIC · Asking $6,500,000 · Revenue $730,000

Beachfront motel with water views, sold with business and freehold together 22 rooms with a high occupancy rate 3-bedroom manager's accommodation; no kitchen, breakfast, lunch or dinner service Newly renovated with ample on-site parking Same owner for many years

DealProspect/Listings/Hospitality & Tourism

Beachfront Motel - Dromana

Motel

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$6,500,000

Disclosed · AUD

Revenue

$730,000

TTM

Earnings (est.)

~$232,286

Estimated · comparable listings of this type and size · typically within ±40%

Implied multiple

n/a

Price includes the property

Brief

Beachfront motel with water views, sold with business and freehold together
22 rooms with a high occupancy rate
3-bedroom manager's accommodation; no kitchen, breakfast, lunch or dinner service
Newly renovated with ample on-site parking
Same owner for many years

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Median asking

$2.4M

10 priced

Earnings multiple

2.9×

38 listings

Asking price spread10 of 12 state a price

This listing · $6.5M

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