The Geraldton Motor Inn has been sold off-market to CBH Group. in a deal exclusively brokered by JLL Hotels & Hospitality Group’s Andrew Langsford and Nick Roche.
This 60-key hotel, offering a bar, restaurant and drive-through bottle shop, is conveniently located just south of the city centre and will be used by CBH to provide suitable accommodation for employees and contractors, while still offering rooms and catering for the tourism market.
A CBH spokesman said the purchase would support the co-operative’s Path to 2033 Strategy, with the Geraldton Port Zone in line for network investment designed to help lift CBH’s WA export capacity to a maximum of three million tonnes per month by 2033.
“There is currently a highly competitive market for accommodation in Geraldton and surrounding areas as companies undertake significant infrastructure and resource projects that require a large workforce from outside of the region,” the spokesman said.
“Half of the accommodation will be available at the 60-bed motel for tourists and short-term stays, with the restaurant, bar and takeaway bottle shop operating as normal to cater to guests and the local community.”
Andrew Langsford, Senior Vice President, JLL Hotels & Hospitality Group noted, “This transaction highlights JLL Hotels & Hospitality Group’s reach and expertise across Australia’s regional markets, and we are very pleased to see a great outcome for both the buyer and seller on this transaction.”
Nick Roche, Vice President, JLL Hotels & Hospitality Group said, “WA remains a highly sought-after investment destination, even in the face of global economic headwinds. We anticipate regional locations undertaking significant infrastructure projects and underpinned by commodity demand, will continue to experience steady growth, and remain a favourite of capital seeking stable returns”.
