With little supply and large demand, the opportunity to secure a Melbourne CBD fringe business with a 26 year lease is now available. Over the past 12 months, the hotel has undergone a major refurbishment and offers modern decor and comforts as expected for corporate and leisure guests!

Key Features

  • Long term lease 26 years from Oct 18, one year plus 5 x 5 year options
  • Major works completely done, this included full FFE replacement of beds, split systems, furniture, carpet, paint, 11 bathrooms to date, desks, wardrobes and some kitchenette facilities.
  • Great size hotel of 51 rooms with strong corporate relationships. 
  • Ideally positioned close to the CBD, Major Hospitals and sporting facilities.
  • Part of the Choice brand - Comfort Inn for distribution and marketing.
  • Contract housekeeping

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005473
Property Type: Hotel
Region: VIC - Melbourne
Suburb: East Melbourne
Sale Type: Leasehold
Net Profit: $435,627
Price: $1,980,000

Listing Agent(s)

Agent Feedback

We have high respect for Resort Brokers for professionalism and Damien upheld this with his approachable manner, fantastic communication and above all selling our business within 3 months. During the time until settlement Damien was always in contact with us and also following settlement.  We would certainly recommend Damien & Resort Brokers.

- Damien & Louise Robinson
Vendor,
Best Western Stagecoach Motel

I have known Jim Chapman for well over 10 years as we have been heavily involved in the tourism sector throughout the East Coast of Australia, however we had never actually had a business transaction take place simply because of one reason or another, so it was with great pleasure when we were finally able to team up together to sell our Quest Apartment business in Echuca. The sale was handled with the highest level of professionalism and just as importantly the sale process was very straight forward and streamlined, we were able to complete a sale that met with our expectations, not only in terms of the sale price but also with regard to the marketing and the sales process time frame that we had advised Jim we wanted.I would have no hesitation in recommending Jim Chapman if you are considering selling your business.

- David Broughton
Franchisee Owner,
Quest Echuca

I had the pleasure of meeting and dealing with Jim Chapman at Resort Brokers nearly four years ago during the sale process of our first Quest business. Having being so pleased with the way Jim dealt with the first sale, I approached Jim to sell my next Quest business where again Jim delivered the sale with excellent results. I found Jim a true Gentleman and professional. Jim's communication was consistent and advise during the sale process was invaluable putting my mind at ease and delivering me a stress free sale. I would highly recommend Jim Chapman to sell your business and I will certainly approach Jim to sell my next business. Thanks Jim, good luck and keep up the great work that you do!

- Chris Brown
Vendor,
Quest Moorabbin