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Seaview Hotel Townsville, Queensland

Seaview Hotel Townsville, QLD
​February 2014 - ​JLL were appointed to sell one of Townsville’s largest freehold hotels and adjoining vacant land. The landmark hotel, with its ocean front positioning, large bar, beer garden, gaming room and onsite bottle shop, presented to market as an asset with strong underlying value. Moreover, it exhibited opportunities to further increase revenue potential.

Initially offered for sale in one line, the marketing approach was revised separating the hotel and land to better interest various buyer groups. A keenly contested bidding process ensued with over 100 enquiries received, 30 parties running due diligence and multiple offers submitted at close of campaign, producing an extremely strong result for our client.

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