Rydges Bankstown

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Sold for 28,000,000 AUD Rooms: 120
Price Per Room: 233,333 AUD
Property Id : 31224
Land Size: 8,992 m2
Management: Vacant Possession

Colliers is pleased to offer for sale Rydges Bankstown, located at 874 Hume Highway, in the Sydney suburb of Bass Hill.

This 4-star hotel incorporates 120 well-appointed, spacious rooms, along with extensive conference facilities and combined restaurant and bar. The building sits on an expansive site of 8,992 square metres, with on-grade car- parking for 150 cars.

The Hotel is currently owner operated by Rydges Hotels and Resorts, but vacant possession is available, thereby offering maximum flexibility for an incoming purchaser to maintain Rydges as operator, owner operate, introduce their own preferred operating structure or potentially convert to an alternate use (SCTA).

The Property sits on a flexible B5 Business Development zoning, opening up the potential for alternate uses outside its current hotel operations, and mixed-use redevelopment opportunities which better leverage the scale of the offering.

The Hotel is being offered For Sale by Expressions of Interest with an extended closing date now Wednesday 4th August at 12pm.

Gus Moors

Head of Hotels - Australia

Karen Wales

National Director, Transaction Services - Hotels Asia Pacific
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Gus Moors

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