Caravan Park Market Review - June 2010
The commencement of this year’s tourist season was again heavily dependant on the quality of the weather in the southern states compared to that in Queensland. In spite of a lengthy wet season, initial reports suggest that it has been an exceptional start to the 2010 season as Caravanners progressively make their way north.
Read more...Resort News Magazine - Issue June 2010
Most motel owner/operators/managers will tell you they are rarely in the onsite residence. Maybe this is why the motel residence is the most forgotten about, ignored, and neglected, part of many, many motel complexes. In “the good old days” motels were typically built with a lovely 3 or 4 bedroom home above or beside reception where the owner/operators (who were often the one’s having the motel built) were going to live with their children, and operate the motel business as a family concern. The motel was not only built as a place of business but also a home for the family to live and run the operation
SOLD
SOLDLEASEHOLD $2,000,000 - SOLD
This prestigious 37 unit motel includes large well appointed units, licensed restaurant, bar and swimming pool.
It has a 4 star AAA rating and is a corporate motel in a prime location in one of Queensland's best motel towns. There is a long lease in place with a low rental. Occupancy rate 85% with tariffs recently increased. Net Profit 2007/08 $590,000. 2008/09 up 9% to date. Highly recommended.