Regional Accommodation Group’s current investments comprise four high quality 3.5 – 4 star motels with strong operational cash flows and long leases.
CURRENT INVESTMENTS - KEY METRICS
|Motel||Town||Rooms||Rating||Lease Term (Years)|
|Comfort Inn All Seasons||Ballina, NSW||40||3.5 star||26|
|Bishop’s Lodge||Hay, nSW||35||3.5 - 4 star||28|
|BW Chaffey International Motor Inn||Mildura, Vic||38||4 star||26|
|Water's Edge International Motor Inn||Port Macquarie, NSW||60||4 star||26|
|Total||173||Average = 26|
RAG have been delighted with the commitment of management and staff and the significant motel improvements that have been achieved since acquisition.
COMFORT INN ALL SEASONS – BALLINA, NSW
The Comfort Inn All Seasons has been one of the best-regarded motels in Ballina since opening in the mid- 1980s. It is centrally located within 5 minutes’ walk of the RSL and minutes away from the CBD, Richmond River, and beaches. The motel has been recently refurbished and painted. It has repeat business from coaches, conferences, and corporate and leisure clients.
Facilities include the iconic restaurant, Fleurs, wireless internet and Foxtel in all rooms, private spas in selected rooms, pool and BBQ in tropical setting, and guest laundry.
BISHOP’S LODGE – HAY, NSW
Bishop’s Lodge is located in Hay, NSW, on the Murrumbidgee River and has been operating as a motel since 1989. Ideally situated at the mid-point between the major cities of Sydney and Adelaide, and 400 kilometres from Melbourne, Bishop’s Lodge makes an excellent stopover, but with the natural beauty and rich history of Hay on its doorstep. Freshly renovated in 2011 and rated the number 1 motel in Hay (TripAdvisor) since 2013, Bishop’s Lodge offers excellent service, clean and comfortable rooms.
Facilities include a locally celebrated restaurant, wireless internet and Foxtel in all rooms, private spas in selected rooms, pool BBQ and outdoor entertaining area, tennis court, and guest laundry.
BEST WESTERN CHAFFEY MOTOR INN – MILDURA, VIC
Mildura is a major regional city of some 60,000 people located near the north-western tip of the state of Victoria and at the centre of an area known as ‘Sunraysia’. The settlement is 560 km north-west of Melbourne and is flanked to the north by the Murray River.
The district supplies 80% of Australia’s dried fruit, 15% of its citrus fruit, 85% of the state’s winemaking grapes and it possesses the second and third largest packing companies in the world.
Mildura is also a riverside resort, drawing hundreds of thousands of visitors each year. In this regard it is literally an oasis in the desert and its paddle steamers, lush golf course and other attractions are a welcome site after many kilometres of consistently dry brown terrain and wheat fields. Mildura has a reputation for stylish shopping in a picturesque setting and the central business district has more than 350 traders, including 300 specialty stores.
The Chaffey represents a genuine 4 star Best Western property that caters for the corporate clients and leisure travellers alike, offering a high standard of accommodation close to town boasting a highly renowned fine dining 30 seat restaurant serving the locals as well as in-house guests.
WATERS EDGE BOUTIQUE HOTEL – PORT MACQUARIE, NSW
Waters Edge Boutique Hotel is situated at 1 Buller Street, Port Macquarie NSW. It boasts an ideal waterfront location on the banks of the Hastings River and is only a short stroll away from attractive beaches, shopping centres and tourist attractions.
Port Macquarie is located half-way between Sydney and the Gold Coast, along the Mid North Coast of New South Wales (260km north of Newcastle, 420 kilometres from Sydney and 510km from Brisbane). The Port Macquarie-Hastings local government area has a total population exceeding 70,000 with more than half living in the Port Macquarie precinct. Tourism is central to the local economy, although fishing, oyster farming, manufacturing and mineral processing are also important.
Waters Edge Boutique Hotel is a 4-star Country Comfort branded property offering 60 rooms of equal size with balconies facing the picturesque Hastings River. The motel also boasts the following facilities:
130 seat fully-licensed “On The Edge” restaurant; “The Edge” Café; landscaped gardens and lawns; swimming pool with children’s wading pool; playground; barbeque facilities with alfresco entertaining area and direct jetty and river access.