- 🏔️ A portfolio of two hotels has been put up for sale in the Blue Mountains, New South Wales.
- 🔑 A total of 76 keys operated under the Alt. Hospitality Group banner.
- 🏨 The addresses: the Hotel Mountain Heritage (Katoomba) and The Falls Mountain Retreat (Wentworth Falls).
- 📈 A transaction managed by JLL, within a buoyant Australian hotel market.
A rare portfolio in a UNESCO World Heritage site
In the heart of the spectacular landscapes of the UNESCO World Heritage listed Blue Mountains, a premier hotel investment opportunity has just come to market. Advisory firm JLL has been appointed to handle the sale of a portfolio of two properties operated under the Alt. Hospitality Group banner: the Hotel Mountain Heritage in Katoomba, and The Falls Mountain Retreat in Wentworth Falls.
76 keys in a region sought after by high-end travellers
Together, the two establishments total 76 keys in one of New South Wales’ most visited regions, less than two hours from Sydney. The Blue Mountains attract guests seeking nature, panoramic views and a more intimate lifestyle than that of the coast. For an investor, the appeal is twofold: assets that are already operational and a steady stream of tourism, driven by the proximity of the metropolis and the global renown of the location.
An Australian market whetting appetites
This sale forms part of a particularly active Australian hotel market. Regional portfolios, long overlooked in favour of major cities, are generating growing interest from funds and management groups, drawn by attractive yields and lower competition. It remains to be seen which operator will make the most of these two addresses at the foot of the famous Three Sisters.
Cover photo: The Three Sisters, in the Blue Mountains near Katoomba. Photo: Borskin · Wikimedia Commons, public domain.
