Rydges Adelaide For Sale 98 Keys with Scope to Extend

Location: South Terrace, Adelaide, South Australia

Name: Rydges Adelaide

No. of Keys: 98 rooms including nine spa suites, with scope to extend

The Property: This property, centrally located in Adelaide, under the banner of Rydges Hotels & Resorts, which operates 40+ serviced apartment and hotel properties in 6 counties, mainly Australia and New Zealand.

The site area is 3,220 sqm, with eight conference rooms, 56 parking places and Skyline restaurant, which can be used for meetings, a further 8 meeting rooms, rooftop pool and spa.

They have a complimentary weekday morning shuttle service which takes guests to the Adelaide Convention Centre, the new Royal Adelaide Hospital, SA Health & Medical Research Institute (SAHMRI) and the University of South Australia.

The closing date for expression of interest is December 13th, 2019

Main Photo: The property at night

Tenure: Freehold

Brand/Management: Rydges Flag and Management in place but VP available upon purchase

Current Owner: Private company

Guide Price: AUD20m

Agent: Local agent HPL

Date Posted: November 2019

THPT Comment: A fab opportunity to acquire this centrally located Rydges property with plenty of upside.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.