Albury-Wodonga accommodation: Mantra hotel, Quest Albury, All Seasons Tourist Park, Twin City Motor Inn for sale

Two big name hotels, a tourist park and a motor inn are up for grabs in Albury-Wodonga, and agents say get in quick to ride the crest of the coming boom.

The Mantra hotel in Albury.

If you’ve ever wanted to own your own hotel now’s your chance, with four accommodation sites for sale in Albury-Wodonga – and experts say now is the time to invest in regional tourism.

Albury’s Mantra hotel, Quest Albury, and All Seasons Tourist Park are all for sale, as well as the Twin City Motor Inn in Wodonga.

Colliers International Sydney’s Gus Moors is the broker for the Mantra Hotel.
He said as coronavirus restrictions started to ease, now was the time to invest in tourism in the Albury-Wodonga region.

“What we’re seeing is there’s a flood of demand in the regional market at the moment, with people not being able to travel overseas,” Mr Moors said.

“This will continue for the medium to long term.

“While Australians love to go overseas, there will be an element of people being concerned about that going forward, and they’ll be looking to explore their own backyards.”

Mr Moors said the Mantra went on the market just before the pandemic hit.

“(It) threw us out a bit which is why it’s been a slower process,” he said.

“But now the border has opened again we’re seeing more interest.

“This is the newest, and best quality, property in the Albury-Wodonga market having only opened in mid-2018.

“The owner is willing to support the performance of the hotel’s trading in terms of a vendor guarantee.”

Resort Brokers Australia’s Damien Loorham said Albury-Wodonga’s unique position between Melbourne and Sydney gave it a strong advantage when it came to accommodation.

“Albury-Wodonga has always been a strong, very sought-after area,” Mr Loorham said.
“No doubt everyone has been affected this year, but there is a bit more optimism around an area that combines corporate travel as well as that tourism factor.

“There are very few towns that combine those two things, which can lead to seven-days-a-week bookings.”

Mantra

The Mantra hotel in Albury.

Located at 524 Smollett St, the Mantra is based in the heart of Albury’s CBD.

The 146 room hotel is the newest accommodation site in Albury, operated by Australia’s biggest hotel provider Accor.

Price on Application.

Quest Albury

The Quest Albury hotel.

Located in Albury’s CBD Quest Albury comprises 104 modern serviced apartments and a long 19-year lease.

Part of the successful Quest Apartment Hotels group, Quest Albury also includes conference facilities, a gymnasium and onsite parking.

This property is listed for $1.6 million.

All Seasons Tourist Park

The All Seasons Tourist Park in Lavington.

Located at 481 Wagga Rd, Lavington, the All Seasons Tourist Park offers a broad range of revenue streams including tourist cabins with permanent and long term cabin revenue as well as drive-through caravan and camping sites.
The caravan park is in pristine condition with an in-ground salt water pool, fenced playground, large camp kitchen, undercover picnic area, amenities block, and coin operated guest laundry.

There is a refurbished three bedroom residence with a secure private yard, and a two-car garage and workshop.

This property is listed for $890,000.

Twin City Motor Inn

The Twin City Motor Inn in Wodonga.

Located at 166 Melbourne Rd, Wodonga, the Twin City Motor Inn is in a great location just off the Hume Hwy.

The motel provides budget accommodation with 29 well-presented rooms, a pool, and barbecue area.
There is also a private three bedroom residence.

This property is listed for $395,000.

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