The Best Western Plus Brooklands of Mornington has been listed for sale, unlocking a prime boutique hotel opportunity at the gateway to the Mornington Peninsula.
According to CBRE, the Mornington region continues to grow in popularity, underpinned by convenient freeway access from Melbourne's CBD. The area is renowned for its bay and surf beaches, award winning wineries, restaurants, golf courses and exclusive residential properties.
CBRE Hotels' Scott Callow has been appointed to handle the sale of both the freehold property and business on behalf of Brooklands Motel Mornington Pty Ltd.
Located at 99 Tanti Avenue, Mornington, the expansive 9,000-square-metre multi-award winning property is only a short walk from the beach and Main Street.
The site features 53 accommodation rooms, four versatile function rooms, popular Eighteen78 @ Brooklands restaurant and bar, extensive landscaped gardens and health and lifestyle amenities, including indoor heated swimming pool, spa and gymnasium.
Mr Callow said the Brooklands of Mornington's combination of historic charm, with a Mornington homestead built circa 1878, and modern luxury should be a key selling factor.
“Quality accommodation properties offering both the freehold and business, in prime suburban locations, are rarely offered to the market — with this sale representing only the second time the asset has been available to purchase,” Mr Callow said.
“Of the few comparable transactions that have taken place nationally, quality accommodation properties in tourism areas close to major CBD's are achieving prices in excess of $200,000 per room.”
“Described as the 'Pride of the Peninsula', this premium hotel offers a strong trading history, underpinned by its function facilities catering to both corporate groups and weddings. This is expected to drive strong buyer interest for the site, from a range of hoteliers and investors.”