Quest Accommodation/Apartment Hotel - Wagga Wagga

Melbourne VIC
Asking Price $2,700,000
About
Unlock the door to unprecedented opportunity with the sale of Quest Wagga Wagga, your gateway to success in the heart of the largest inland regional city of NSW! This thriving hotel accommodation business is your chance to be part of the renowned Quest Brand, one of Australia's most successful franchise systems.



Prime Location, Unlimited Potential

Nestled in the Central Business Centre of Wagga Wagga, Quest Wagga Wagga enjoys a strategic position in a city that's booming with potential. The town is on the brink of becoming the "Electricity Capital" of Australia, with billions of dollars in approved spending fueling this exciting transformation.



A City on the Rise

Wagga Wagga is not just a city; it's a dynamic hub of activity, welcoming over 1.3 million visitors annually and hosting a staggering 500+ events, spanning sports, culture, business, and music. With strong pipelines of private and public investment, the city is set for unprecedented growth in retail, services, infrastructure, and construction sectors.



Economic Resilience and Diversity

Wagga Wagga's economic diversity is a standout feature, providing resilience even in market downturns. The city boasts a Gross Regional Product of $4.84 Billion annually, supported by key sectors such as Defence, Construction, Healthcare, Agriculture, Energy and Education.



Unprecedented Growth and Infrastructure

Wagga Wagga is undergoing a transformative period with multiple approved projects from 2022 to 2028, including a Multi-Purpose Stadium, comprehensive roads and rail upgrades, city sewer infrastructure enhancements, parks upgrades, and the construction of a PCYC. Major capital works projects in the public and private sectors amounting to $90,000,000 demonstrate the city's commitment to growth.



Thriving Rural Economy

The agricultural sector is a cornerstone of Wagga Wagga's economy, witnessing total output valued at $333 million during 2020/21. With a strong focus on agriculture, the city contributes significantly to the region's economic prosperity.



KEY FEATURES AND BENEFITS:

Adjusted Operating Profit $764,000

43 key serviced apartment hotel

Studio, one-, two- and three-bedroom apartments

the leader of Apartment Style Accommodation in Wagga Wagga

Loyal corporate and leisure guests



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