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Colliers selling Rydges Bankstown

Rydges Bankstown in Sydney’s southwest business district, and nearby the Bankstown airport, is on the market. 

Karen Wales, Gus Moors and Frank Oliveri of Colliers have been exclusively appointed to sell the four-star hotel, located on a substantial 9,000 sqm site at 874 Hume Highway in the Sydney suburb of Bass Hill. 

Rydges Bankstown has 120-rooms, restaurant, bar and conferencing facilities and on-grade parking for 150 cars. Its location attracts a broad base of demand, given its proximity to central Bankstown, Liverpool and Parramatta.

It is currently operated by Rydges Hotels and Resorts, but can be purchased as vacant possession, thereby offering purchasers maximum flexibility.

“Rydges Bankstown has a long track record of strong and stable profitability, borne from its prominent location among a host of demand drivers; it is one of just a handful of branded up-scale hotels in the South West region,” said Karen Wales, National Director, Hotels at Colliers.

Gus Moors, Head of Hotels at Colliers said, “With its flexible B5 Business development zoning, the site offers a wide variety of alternate use possibilities including office, medical, education and industrial. 

Frank Oliveri, Director in Charge, Western Sydney said, “The Hotel draws on a wide range of markets including the business centres of Bankstown, Liverpool, Chullora, Milperra, Parramatta and the nearby Bankstown Airport.”

“The property also offers strong appeal to the leisure market due to its close proximity to Dunc Gray Velodrome, Warwick Farm Racecourse and Sydney Olympic Park.”

Rydges Bankstown is being sold via an Expressions of Interest campaign, closing Wednesday 21st of July at 12pm.

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Gus Moors

Head of Hotels | Australia

Hotels

Sydney CBD

Having joined Colliers in early 2014, I have subsequently sold over $180 million of hotel assets across Victoria and NSW, including the largest hotel transaction in Victoria since 2008, being Bell City Preston for $143 million.

Prior to joining Colliers, I was Director of Asset Management for Tourism Asset Holdings Limited (TAHL), Australia's largest hotel owner and responsible for selling down this portfolio totalling over $1.5 billion.

Before TAHL, I was with Jones Lang LaSalle Hotels for 7 years, as Head of Asset Management and Chief Operating Officer for the Hotels group across Asia Pacific.

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Karen Wales

National Director, Transaction Services | Hotels Asia Pacific

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Sydney CBD

Karen has over twenty years of experience in the hotel industry and holds a Masters of Business Administration (MBA) from the Australian Graduate School of Management. She brings with her a specialised knowledge of the Asia Pacific hotel investment market and an ability to drive fresh capital into Australia’s hotel markets. She has developed an exceptional network over the past two years across Asia and the Middle East and within government, in her capacity as Senior Investment Specialist Tourism Infrastructure at Austrade and her knowledge of new entrants into the growing Australian tourism sector is second to none.      

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