Best Western Plus Lake Kawana Hotel listed for sale
The freehold going concern of the Best Western Plus Lake Kawana Hotel has been listed for sale.
17 Aug 2018
CBRE Hotels Director Paul Fraser, in conjunction with Ward Commercial Hotels Director Peter Ward, are offering this well-appointed 4.5-star hotel for sale by Expressions of Interest. It is located within the major Sunshine Coast University Public and Private Hospitals precinct and arguably offers the best motel style accommodation on the Sunshine Coast.
“The Best Western Plus Lake Kawana Hotel is ideally located adjacent to both hospitals which, in total, currently offer 621 beds with plans to increase to 909 beds by 2021. The 4.5-star motel opened in November 2015 and offers 81 spacious suites, popular licensed restaurant and bar, Wildfire, plus two separate yet adjoining function rooms that can be combined,” Mr Fraser said.
“The hotel can be sold as vacant possession or be retained under the Best Western banner,” he added.
“The hotel is already a well-established and successful business, however, offers potential for further growth as the hospital precinct continues to expand its range of services and number of beds,” Mr Ward said.
The hotel is located one hour from Brisbane and 20 minutes from the Sunshine Coast International Airport, that is currently undergoing a significant upgrade with the construction of a new east/west runway to accommodate much larger aircraft capable of servicing both national and international services.
“The Best Western Plus Lake Kawana Hotel is one of the Sunshine Coast's premier corporate hotels with limited direct competitors,” Mr Fraser added.
This central Sunshine Coast location provides fast and convenient access a range of major demand drivers and attractions on the Sunshine Coast. The region’s 396,000 residents welcomed 3.7 million overnight visitors in the year ending June 2017, with tourism contributing 15 per cent of the region’s gross regional product.
The Expressions of Interest campaign closes on Wednesday 5 September 2018 at 2:00pm (AEST).For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.