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Business NO.:
3445946
Status:
Active
Price:
$23,000,000
Updated on:
01/09/2025

DOMINATE THE MARKET IN ONE OF VIC’S FASTEST GROWING REGIONAL HUBS! | Resort Brokers ID : FH008765

Hotel | Business for Sale | Traralgon

This is an unrivalled opportunity to acquire one of the best and largest hotels in Traralgon, a major centre of the City of Latrobe, just two hours’ drive east of Melbourne.

Offered to market for the first time since opening in 2019, the freehold going concern of the 50-room Mantra Traralgon is an incredible earner with a turnover for FY25 of over $5.4 million.

Revenue comes from multiple income streams including a leased five-screen cinema, four 10-pin bowling alleys, 200-seat bistro, 40-seat cafe and 30-seat conference room.

Located on Traralgon’s main street, the five-storey Mantra Traralgon has exceptional occupancy across leisure and corporate guest markets — 84% in FY25. Midweek demand is so high the hotel has had to knock back between 10-20 guest reservations per day.

Traralgon is on the rise. The city is Gippsland’s largest by population and one of the fastest growing in regional Victoria. Over the last decade, Traralgon has benefitted from major public and private sector investment for landmark new developments and improvements to existing infrastructure, driving occupancy higher.

This incredible opportunity is ready and waiting for a sophisticated operator to capitalise on a leisure and business guest market that is there for the taking.

  • Midscale, 50-key hotel in the heart of Traralgon, one of Victoria’s fastest-growing regional cities

  • Fresh, modern complex built in 2019, located within entertainment complex

  • Revenue exceeding $5.4 million supported by diversified income streams, including 200-seat bistro, 40-seat cafe, 30-seat conference centre and 10-pin bowling alley

  • Five-screen cinema operated by Readings Cinemas with long-term lease

  • Exceptional 84% occupancy in FY25 strong corporate and leisure trade

  • Incredible brand strength of Mantra, Australia’s largest hotel brand

  • Rolling HMA with 1834 Hotels gives new owner flexibility

  • Inspections by appointment only

For more details, please email broker or call agents.

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