Palace Hotel, Lang Lang
Hotel
ActiveHospitality & TourismVictoriaB2C
Asking price
$320,000
Disclosed · AUD
Revenue
—
Earnings (est.)
~$87,594
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.7×
Assumed · asking ÷ estimated earnings (as advertised)
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
All 44 →Listed
44
+25 in 30 days
Median asking
$720K
36 priced
Median revenue
$2.8M
5 disclose
Earnings multiple
5×
212 listings
Time listed
41d
6 tracked
Price drops
1
in 30 days
Asking price spread36 of 44 state a price
This listing · $320K
8%
Under $100KOver $5M
New South Wales 25 · Queensland 9 · Western Australia 9
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