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Bunbury Hotel hits the market after 19 years of continuous ownership

Author: Vicky Karantzavelou / Date: Thu, 09/22/2022 - 07:51
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This iconic 4-star hotel occupies a one-hectare site on the highest point in Bunbury, Western Australia’s second largest city.

PERTH – The high-performing Quality Hotel Lighthouse has been listed for sale following the recent opening of the Busselton-Margaret River Airport, connecting Western Australia’s SouthWest to the East Coast.

This iconic 4-star hotel occupies a one-hectare site on the highest point in Bunbury, Western Australia’s second largest city. The hotel has 71 guest suites and conference and function facilities which can accommodate up to 425 guests in any one event. Other amenities include an indoor swimming pool, sauna and spa, guest laundry and the locally recognised Basalt Restaurant and Bar.

CBRE’s Ryan McGinnity and Chloe Mason have been appointed to market the hotel, with Expressions of Interest closing 26 th October 2022.

Mr McGinnity said the sale offered owner operators or investors the opportunity to purchase an asset underpinned by a long history of consistent trading, benefiting from thriving corporate and leisure demand. “An incoming owner could easily plug this property into their existing portfolio and continue running under the existing long-term management, or an experienced owner operator could take a more hands-on approach and maximise future profitability,” Mr McGinnity said.

“Coupled with the added benefit of recent extensive refurbishments including reception, function facilities, restaurant and bar and 65 of the 71 guest rooms, leaving little to no capital expenditure required for an incoming owner.”

Ms Mason noted that Bunbury is the hub of Western Australia’s South-West region, underpinned by major economic drivers with an annual output in excess of $10 billion. “In addition to the investments from resource companies such as Iluka Resources, Talison Lithium and Albemarle, government projects such as Bunbury’s waterfront transformation and the Bunbury Outer Ring Road project are further enhancing the city’s appeal and driving a jobs-led boost to the local economy,” Ms Mason added.
 

ABOUT THE AUTHOR

Vicky Karantzavelou

Co-Founder & Chief Editor

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.