Travelodge in Rockhampton sold to private Chinese investment group
CBRE Hotels has sold Travelodge Rockhampton to a private Chinese investment group.
The acquisition is the group's first foray into the Queensland hotel market.
The 4-star Rockhampton CBD hotel at 86 Victoria Parade features 74 rooms, as well as four conference and meeting rooms, two food and beverage venues, a swimming pool, gymnasium and parking.
The asset received multiple offers in the first week of the campaign.
CBRE Hotels said a stock shortage is helping to draw buyer attention to Queensland opportunities as investors are priced out of southern markets.
Investors are seeking to capitalise on the Sunshine State’s strong tourism fundamentals and more transactions are expected to take place along the Queensland coast throughout 2019, they noted.
