Chelsea Hotel

Chelsea Hotel, Chatswood

JLL Hotels & Hospitality Group is pleased to exclusively present for sale Chelsea Hotel, Chatswood (‘Chelsea’) – a gaming-centric Metro Sydney hotel opportunity in a coveted performance catchment.

Completely underpinned by separate EGM and property values, this investment offers incoming purchasers the chance to secure a growing, easy-to-operate underlying hospitality business with genuine scope to enhance, reconfigure, relocate or trade once ILGA support is recieved for recent Council and Committee Approvals for the 4am extended trade application.

Key investment highlights include:

- Rare and highly sought-after gaming-centric hotel with 30 GMEs
- Situated directly opposite Chatswood Train Station in high density commercial, residential and retail catchments
- Current weekly revenue in excess of $101,000 with ~80% generated via gaming
- Recent 4am trading approval granted (Council & Strata) with ILGA pending, offering up to an additional 18 hours of trade per week once approved
- Ideal bolt-on acquisition for hoteliers and investors seeking exposure to this tightly-held geographic location
- Minimal direct competition with significant trading upside in the business – the nearest hotels having been a Top 20 and Top 100 gaming businesses
- No affordable hotels left in Hurstville, Campsie, Fairfield, Eastwood, Bankstown… and this will be the last in Chatswood
- Pubs are now widely regarded as one of the most highly sought-after asset classes in the country with significant barriers to entry and highly protected business models

For Sale via Expressions of Interest closing Tuesday 18 October 2022 at 4pm (unless sold prior)