Kate MacDonald of JLL Hotels & Hospitality Group and Moore & Moore Real Estate is proud to announce the sale of the Railway Hotel Parkes via a formal Expressions of Interest campaign.

Parkes, located in the heart of Australia’s inland tour route and logistic corridor, the Newell Highway, is experiencing unprecedented government investment. It is only a five-hour drive from Sydney and three hours from Canberra.

In the next ten years, Parkes Shire Council’s population of 15,000 people is expected to double.

The sale includes:

• Freehold going concern Hotel
• Over 2,000sqm land to be occupied
• 24-hour license,
• Six valuable PMEs,
• Public bar, TAB, restaurant, two commercial kitchens
• The first-floor bar and event space, ‘Hart Bar,’ has been completely renovated.
• This comfortable three-bedroom manager’s home is ideal for a family.

A family-owned hotel offers an operator a local business that generates over $50,000 weekly. The net profit will grow if the hotel improves its gaming offerings and management controls.

The Vice President of JLL Hotels & Hospitality, Kate MacDonald, expects high-interest levels.

This is an excellent opportunity for market newcomers or established groups to take advantage of economies of scale. Rarely does a hotel of this caliber, at this price, in a regional city come up for sale. “The hard work of building a brand is already done. However, there are quick wins that can be achieved for growth.”