Luxury 19 room regional hotel, showing 36.2% return.

Description

Luxury 19 room regional hotel, showing 36.2% return. A long term 27-year lease and showing 36.2% return, this high-end regional hotel is only 5.5 years old. Built with luxury in mind, the Ellen Hotel opened its doors in July 2016. This ultra-modern 19 room accommodation and restaurant has shown strong post covid recovery and is well placed for owner-operators to enjoy the surge in the regional accommodation market. Long term 27-year lease Showing 36.2% return High-end accommodation, nothing like it in the region Perfect for owner-operators 40 Pax restaurant, however, is licensed for 70 Solid forward bookings for 2022 Post-COVID recovery has been strong Opened mid-2016, only 5.5 years young Turn over in excess of $1m Inspections are by appointment only