Before 1985, motels in Australia were sold and operated entirely under the 'going concern' model. This describes the situation whereby the motel operator owns the physical asset of the motel as well as looking after the daily business of running the motel.
This all changed in 1985 when Ian Crooks, a successful motel broker from New Zealand, decided to move to Brisbane in search of a sunnier life. Ian introduced and pioneered the concept of 'motel leasing'. This model enabled one party to own the bricks, mortar, and land associated with a motel (the freehold), and then lease this to a second party who would operate the business of running the motel (the leasehold). This distinction between 'freehold motels' and 'leasehold motels' set the trend for motel brokering. Freehold motels suited investors looking for a secure passive investment; leasehold motels suited active investors looking to work hard and maximise profits.
Our first 'Motel for Sale' was the Mary Ellen in Ipswich; Ian sold the leasehold back in December 1985. From this point he began to spread operations throughout Queensland and Northern New South Wales. Between 1993 and 1995, several new motel brokers were brought into the fold to meet demand. In 1995, our Sydney office opened for business.
The 1990's also saw massive activity in the Northern Territory, with our Darwin office servicing Katherine, Tennant Creek and beyond. By 2002 Resort Brokers also had agents active on the ground throughout Victoria and in Tasmania, educating buyers on the benefits of motel investment leaseholds and freeholds for sale.
In the years since its conception, Resort Brokers have continued to grow and become the leading agents of freehold and leasehold hotels and motels, along with other accommodation businesses for sale in Australia.
We can provide you with information on the current market, and assist you to find the right property for you. If you’re interested in classic style properties, we can show you persevered old motels or hotels available for lease or for sale by the owner. However, for those more drawn to contemporary accommodation, we have newly constructed properties on our listings. This includes passive investment motels and property leases. The business types for sale in the motel industry are wide ranging and we believe there is the perfect property for every buyer.
Ian is still widely regarded as the foremost motel broker in Australia. Developers, valuers, buyers, sellers, government and press continually seek his expertise and advice. Never one to hide a secret, Ian has passed on his knowledge to our team of motel brokers. When searching for investment hotels and/or motels (leasehold, freehold or going concern) for salethrough Resort Brokers Australia, you can rest assured that you are working with the most experienced team in the Australia.
Whether you are looking to buy smaller 25 or 26 room motels for sale, or are looking to lease larger properties, contact Resort Brokers Australia. We are here to help you through the process of buying or leasing accommodation business, including motel businesses and management rights.
Contact Resort Brokers today.