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  • Wheatbelt gem hits the market amid regional travel boom

Wheatbelt gem hits the market amid regional travel boom

Perth | 2 September 2020
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The Duke’s Inn Northam - one of the Wheatbelt’s oldest and most renowned hotels - is being offered for sale amid a regional travel surge among intrastate tourists. 

Situated at the heart of the Wheatbelt’s Avon tourist region, Duke’s Inn Northam boasts a modern restaurant, sports bar and alfresco beer garden, as well as 39 mixed rooms that provide a range of accommodation options. 

The heritage-listed venue, which opened in 1907, has undergone recent refurbishment, while still maintaining its traditional old-world charm. 

CBRE Hotels Ryan McGinnity, who has been appointed to market the property, said the sale coincided with a spike in WA regional travel.  

“With current travel restrictions prohibiting people from being able to travel abroad – and even more widely throughout the rest of Australia, more Western Australians are exploring their own backyard. This is providing a welcome boost to our local tourism industry, with regional hotel operators experiencing heightened demand from local travellers,” Mr McGinnity said. 

In 2019, Australians spent 181 million nights overseas, equating to an average of nine nights overseas per person. A significant proportion of these room nights is expected to be diverted to local options in 2020 and 2021, helping boost local tourism markets. 

Mr McGinnity said Northam had several major tourism drawcards that would attract visitors to the region. 

“Home to several world-class events, Northam is the starting point of the world-renowned Avon Decent, a 124km white water race along the Avon River, as well as recently having been chosen to host the fifth Women’s World Hot Air Ballooning Championships in 2021,” Mr McGinnity said.  

“These events and others are expected to create substantial demand from intrastate tourists as they heed the call from Tourism WA to Wander out Yonder in 2020 and beyond.  
Already the effects of the inability to travel abroad are seeing substantial benefits to regional WA.”   

He added: “Only 90 minutes from the Perth, Northam and the wider region are set to be a major beneficiary of this intrastate travel boom, as locals explore regions such as the Avon Valley.  Sitting high on the hill overlooking the town, the Dukes Inn takes in magnificent views and is the ideal place to spend the night or have meal while exploring greater WA.” 

The Duke’s Inn Northam is being offered for sale via Offers to Purchase closing September 29th. 
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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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