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.