Palace Hotel, Lang Lang

Palace Hotel, Lang Lang — Hospitality & Tourism · Lang Lang · Asking $320,000

Corner-block hotel with bottle shop and function room currently not operating 13 rentable accommodation rooms, commercial kitchen, TAB and drive-in bottle shop Large car park; two-storey brick building on a prominent corner site Long lease in place with fair market rent

DealProspect/Listings/Hospitality & Tourism

Palace Hotel, Lang Lang

Hotel

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$320,000

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

—

Brief

Corner-block hotel with bottle shop and function room currently not operating
13 rentable accommodation rooms, commercial kitchen, TAB and drive-in bottle shop
Large car park; two-storey brick building on a prominent corner site
Long lease in place with fair market rent

Hotels in Victoria

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Listed

+5 in 30 days

Median asking

$480K

29 priced

Median revenue

$1.3M

6 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread29 of 33 state a price

This listing · $320K

17%

31%

21%

10%

Under $100KOver $5M

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