NT’s iconic Mercure Kakadu Crocodile Hotel thrown to market for lease, price unknown
One of the Northern Territory’s most iconic hotels has been put on the market for leasehold. Find out where.
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The Top End’s iconic Mercure Kakadu Crocodile Hotel, located in Jabiru, has been put on the market for leasehold, but the price tag is being kept a mystery.
The hotel will be marketed exclusively by Colliers’ national hotels team, with the sale led by Sam Abel, Jackie Su and Karen Wales – all of whom are Sydney based, according to the Colliers website.
The property, which is being offered with near-term vacancy, will be offered for sale by an expression of interest campaign closing on April 17 at 4pm (AEST) unless sold prior.
A spokesman for Colliers said the hotel had been placed on the market because the current sublessee, who has been leasing and operating the crocodile hotel since 1999, is now in a “recycling phase of their longstanding capital”.
Colliers declined to comment on the price of the lease or how much it would cost to get the hotel up to scratch, but said the opportunity was a once in a lifetime for investors.
“The opportunity to hold the leasehold in a UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage Listed National Park is a rare one,” he said.
“The incoming investor has the opportunity to enhance this iconic hotel and establish it as a premier venue.
“There is potential for a vendor capital contribution to be provided to assist the incoming investor in capital upgrade works for the hotel.”
Renowned for its crocodile shaped design, the hotel offers 110 rooms across two floors and is centred around a large, landscaped swimming pool.
It is situated within Jabiru, and has been labelled the perfect spot to see some of Kakadu’s most significant natural attractions such as Ubirr, Jim Jim and Twin Falls, Gunlom Falls, Cahills Crossing and Mamukala Wetlands.
The hotel was previously owned by Gagudju Association Incorporated before it was sold as a result of native title being granted over the land on which it sat
Colliers marketer Ms Wales said the listing came at a time of growing interest within the Australian hotel sector.
“Consumer travel intentions have held up in spite of softening discretionary expenditure through 2024, demonstrating an enduring and compelling need and desire to travel, connect, explore, unwind and recharge,” Ms Wales said.
“With the growing demand for unique tourism experiences, Australia and Northern Territory in particular boasting some of the world’s most unique landscapes and oldest nation on earth, Kakadu National Park and the Crocodile Hotel stands out as an unrivalled opportunity.”
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Originally published as NT’s iconic Mercure Kakadu Crocodile Hotel thrown to market for lease, price unknown
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