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

Hotels for sale in Victoria (32) →

Listed

+4 in 30 days

Median asking

$478K

28 priced

Median revenue

$1.3M

6 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread28 of 32 state a price

This listing · $320K

18%

32%

21%

11%

Under $100KOver $5M

Australia 86 · New South Wales 20 · South Australia 10 · Queensland 8

Cafes 436 · Takeaways 315 · Restaurants 247 · General retail businesses 71 · Newsagencies 67 · Supermarkets 67

Get new hotels in Victoria by email

Free · no account · unsubscribe anytime

Priced like this one

Hotels for sale in Victoria (32) →