Sunshine Tower Hotel, Cairns

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Property Id : 32052
Land Size: 1,532 m2
Rooms: 61
Sunshine Tower Hotel, for sale by JLL Hotels & Hospitality, is being offered in-one-line for the first time since being constructed. Originally developed as a strata hotel, the current vendors identified the opportunity and amalgamated ALL lots, fully refurbished the building and are now offering the property with vacant possession.
Investment highlights include:
  • Highly COVID-resilient trading with a strong occupancy - over 82% for the past 6 months despite travel restrictions during this period
  • Situated on a 1,532sqm* site in the heart of Cairns City
  • Exceptional improvements including - 61 apartments/hotel rooms, hotel grade reception area, restaurant (currently leased), retail tenancy (currently leased), resort-style pool and spa, BBQ area and landscaped gardens
  • Full building refurb completed recently with no CapEx required
  • Large rooms (average 35sqm+) that provide the opportunity to let out on longer term/permanent basis providing the operator with options
  • Operated by owner managers - offered for sale with vacant possession, opportunity for owner operators or brands to get a foothold in the Cairns market or expand their presence
  • EBITDA of $1.16m+ projected based on last 6 months trading (which included months with very limited interstate guests)
Other Features
Restaurant
Swimming Pool

Gareth Closter

Senior Vice President, Investment Sales - Mid Markets
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Gareth Closter