JOINT VENTURE/ investment Opportunity
Our client has a very attractive joint venture entry price that essentially underwrites your security and return. Target to at least double your asset value in 5 years. The World class Ramada Hervey Bay has 44 dual key apartments, a triple key apartment and a managers lot totalling 91 keys. The facility has an onsite restaurant and two meeting rooms.
Our client is seeking a joint venture partner/total purchase The asset is operated under the Ramada Franchise.
Includes
- 20 dual key apartments with furniture packs
- 1 Triple key apartment, the managers lot and 2 furniture packs
- Management Rights - 100% of apartments in the letting pool
- Smokey Joes Cafe and Bar - seating 120
- 2 meeting rooms
- Stage 2 development land. DA approved for 26 dual and 2 triple key apartments
Offers for the purchase of all or part assets will be considered. A detailed information memorandum and full financial projections are available
