Regional Accommodation Group’s initial investments comprise two high quality 3.5 – 4 star motels with strong operational cash flows and long leases. These two motels were acquired by RAG during Q4 2019.
CURRENT INVESTMENTS - KEY METRICS
|Motel||Town||Rooms||Rating||Lease Term (Years)|
|Comfort Inn All Seasons||Ballina||40||3.5 star||28|
|Bishop’s Lodge||Hay||35||3.5 - 4 star||30|
|Total||75||Average = 29|
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.