ResortBrokers exclusively presents an unparalleled opportunity to own a future landmark hotel in the heart of re-energised Wollongong.
Scheduled for completion in Q1/Q2 2025, the 96-key upscale hotel will stand as the epitome of Wollongong’s astonishing transformation over the last decade.
No other hotel endeavour is poised to seize upon Wollongong’s renewed prosperity to such a significant extent. Nor is there likely to be another in the foreseeable future given the significant barriers for entry for new builds: climbing construction costs, ongoing supply chain challenges and rising borrowing expenses.
ResortBrokers has been engaged by the hotel’s new financiers who have combined with a highly experienced building company to see construction through to completion.
Rising six storeys, the hotel comprises 96 rooms which represents a sweet spot for a wide range of buyers, with the ability to deliver returns at a manageable scale that is neither too large nor small.
The hotel will benefit from Wollongong’s renewed appeal as a business and leisure destination. The city’s strong trading environment will ensure high occupancy and strong rates to make this an extremely lucrative commercial venture. Proposals from operators and relevant data supports the hotel’s extremely promising trading potential.
The hotel’s central CBD location within easy walking distance of WIN Stadium & Entertainment Centre, the Illawarra Performing Arts Centre, and a revitalised CBD bursting with new restaurants, bars and cafes, will ensure high traffic of leisure guests, while the hotel’s high-tech conference facilities and meeting rooms will attract corporate trade. All this makes the hotel a particularly appealing destination for Sydney’s drive market, being only an hour by road away.
This is an incomparable opportunity to get in on the ground floor of a rising hotel that will dramatically recast Wollongong’s skyline and bolster its newfound reputation as one of New South Wales’s most thriving regional cities.