Best Western Sanctuary Inn, Tamworth, has been sold by specialist national firm HTL Property.
HTL Property Directors Nic Simarro and Andrew Jackson managed the off-market sale to a Sydney based hotel fund for in excess of $18,000,000.
Located within the CBD of Tamworth, and boasting a 10,000 square metre land parcel with favourable zoning, the acquisition reflected an 8.5% initial yield.
Best Western Sanctuary Inn comprises 60 well-appointed rooms, conferencing and event space and a tasteful restaurant that has been a favourite to locals for the past 16 years.
