Freehold Motel, Lakes Entrance

Freehold Motel, Lakes Entrance — Hospitality & Tourism · Lakes Entrance · Asking $3,200,000

Freehold going-concern motel on the Esplanade at Lakes Entrance, Victoria, overlooking the Cunningham Arm waterfront 18 guest rooms plus a two-bedroom owner's residence, fully renovated Average occupancy of approximately 75% at an average room rate of about $137 Approximately 1,500 sqm landholding with onsite parking Option exists to retain the freehold and lease the motel to an operator for a…

DealProspect/Listings/Hospitality & Tourism

Freehold Motel, Lakes Entrance

Motel

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$3,200,000

Disclosed · AUD

Revenue

Earnings (est.)

Implied multiple (assumed)

Brief

Freehold going-concern motel on the Esplanade at Lakes Entrance, Victoria, overlooking the Cunningham Arm waterfront
18 guest rooms plus a two-bedroom owner's residence, fully renovated
Average occupancy of approximately 75% at an average room rate of about $137
Approximately 1,500 sqm landholding with onsite parking
Option exists to retain the freehold and lease the motel to an operator for a passive income stream

Motels in Victoria

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Listed

+1 in 30 days

Median asking

$2.4M

10 priced

Earnings multiple

2.9×

37 listings

Asking price spread10 of 12 state a price

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