Grand Hotel Accommodation offering in the West
Charleville, QLD, QLD
Description
Grand Hotel Accommodation offering in the West Looking for a grand piece of history with a large scale accommodation offering? Then look no further than the historical Hotel Corones. This magnificent country hotel has undergone significant renovations over the last six years turning it into a well sought-after accommodation business. It offers almost 50 rooms in total ranging from budget to VIP and also including staff accommodation, an amazing 4 bedroom, 2 bathroom residence and a museum quality history room. It doesn't end there. There is a laundromat, coin operated dog wash, two vacant shop fronts, a boardroom, beer gardens etc. This package would suit a family or two couples who are keen to further develop the massive space and opportunity available. It is currently operated more as a boutique accommodation venue with lunch and evening meals, supported by a bar and bottle-shop. Grand historical property Increasing revenue, year on year Upside through addition of breakfast & entertainment Extensive renovation program already completed Would suit a family operation or group Huge turnover with opportunity to increase margins Unique accommodation offering Extra shop space for further ventures Property inspections are by appointment only
Financials
- Asking price
- $2,500,000
- Net profit
- $323,033
- Revenue
- —
- Profit multiple
- 7.74x
- Revenue multiple
- —
Agent
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