MA Financial Group acquires All Seasons Resort Hotel in Bendigo
MA Hotel Management, a private entity of MA Financial Group (formerly Moelis Australia), has acquired the Freehold Going Concern of All Seasons Resort Hotel in Bendigo, Australia. The transaction is worth AUD54.5 million (US$40.85 million) and it was brokered exclusively off-market by JLL Hotels & Hospitality.
The hotel occupies a 35,572 square meter site on McIvor Road, which is a short driving distance to the city center. All Seasons Resort Hotel offers 77 guest rooms and suites (4.5 stars), a large restaurant, sports bar with TAB, indoor heated swimming pool and spa & sauna. In addition, the hotel has a licence to operate 100 gaming machines and includes conference & wedding facilities as well as on-site parking.
Mr Connolly, JLL Hotels & Hospitality Vice President, said:
“We’re witnessing a very buoyant regional market at the moment and it’s a trend that could redefine country economies for years to come. The All Seasons is one of the largest multi-faceted venues in the country, offering a huge trading footprint and spread of income diversity as well as a significant landbanking opportunity”