Grand Roma Hotel Sold

The freehold going concern for the Commonwealth Hotel in Roma settled today. The sale was managed via an off-market process with Ray White Hotels Australia acting as buyers agents.

According to Sean Dollar, Director of Ray White Sales & Business Development (Qld), the sale of the Commonwealth Hotel “highlights the continued depth of competitive interest the industry enjoys for strong performing assets within the mining communities.”

Property features of the hotel include:

  • Public and Sports Bar
  • Restaurant
  • Gaming room with 34 EGM’s; TAB & Keno
  • Drive through bottleshop
  • 15 accommodation rooms
  • Manager’s residence

Finance for The Commonwealth Hotel sale was sourced via Green Finance Group and we wish its new operators the best of success.

 

Photo Commonwealth Hotel Roma, Nth Queensland