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DealProspect/Listings/Property

Approved Hotel Development Site, Sunshine

Hotel

ActivePropertyVictoria
Asking price
$7,000,000
Disclosed · AUD
Revenue
EBITDA (est.)
~$1,879,800
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.7×
Assumed · asking ÷ estimated EBITDA
Brief
  • Town planning approval for a 7-level hotel development
  • Planned 88 hotel rooms, 44 one and two-bedroom apartments, restaurant and shops
  • 136 car and 35 bicycle spaces, fitness centre, reception and lobby
  • Approx. 1,595 sqm of land, 11 km from Melbourne CBD
  • Located near the planned Sunshine Station transport super hub