Blue Mountains Leura Gardens Resort for sale – CBRE Hotels

Private investment company ARFW Pty Ltd has listed the Leura Gardens resort in the Blue Mountains region of New South Wales for sale following a multi-million renovation.

CBRE Hotels’ Wayne Bunz and Raymond Tran have been exclusively appointed to direct the Interests campaign for the 4-star resort, which sits on a sprawling 18,793 square meter freehold parcel and comprises a mix of 92 rooms, suites and apartments exist. as well as a two-bedroom executive residence on the premises.

It also contains substantial conference and event facilities, two restaurants and bars, a coffee lounge, gymnasium and several convenience rooms for a variety of uses.

The property has been closed for approximately 14 months post pandemic to undergo a substantial refurbishment program which has just been completed, offering significant depreciation benefits to an incoming buyer.

The current owners expect the resort to reopen for bookings in mid-March, offering a buyer vacant possession and a multitude of options for owner operators, re-branding, a residential sale, and or retirement home subject to the appropriate planning approvals.

Wayne Bunz, national director of CBRE Hotels, said the property benefits from its proximity to the heritage-listed Blue Mountains National Park, which boasts some of Australia’s most scenic and scenic lookouts and vantage points.

“The resort’s already significant corporate and leisure offering is supported by the region’s booming visitor market which, combined with the property’s significant business and development potential, will provide an investor with significant operating profit,” said Mr. Bunz said.

CBRE Hotels director Raymond Tran added: “The resort offers an incoming buyer multiple revenue streams across a sprawling campus, including short and long-term accommodation, multiple food and beverage outlets and a range of conference and event facilities.”

The Blue Mountains region has benefited significantly from New South Wales’ booming domestic propulsion market. From 2014 to 2019, the Blue Mountains recorded a significant 57.1% increase in domestic overnight visitors, leading to a 45% increase in local expenditure.

The region was also recognized by Wotif last year as one of Australia’s most popular holiday destinations, with tourist interest in the region growing by 155% since 2020, highlighting New South Wales’ domestic tourism resurgence.

“The resort is in an excellent position to thrive from the domestic tourism renaissance and the competitive product positioning that the mid-range resort provides for the budget-conscious traveller, ranging from SME conference groups to family leisure groups. With very few comparable resort offerings within the Blue Mountains market, this asset is poised to capitalize on the new order of post-pandemic travel,” noted Mr Tran.

The Leura Gardens Resort is being offered for sale via a Call of Interest campaign closing on 07 March 2023 (unless pre-sold).

To request a copy of the Information Memorandum, please contact one of the marketing agents via the contact details below.