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Ramada, , Urangan, QLD
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Posted on: December 02, 2009 1:27:28 PM (244 reads )

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Ramada

PIAA Rating

Key Features

Key Features Dual Key Apartments with Studio and Master Bedroom Suites, opportunity for dual income
Master Bedroom apartments, Spa Bath Fully Equipped Kitchen with dishwasher Laundry
Ramada on site service and marketing
Lift access to roomsSecurity access
42m pool with spa and heating
71 Apartments over two stages
Priced from $400,000

Ramada Hervey Bay Stage 1 has now been completed and is taking guests. Tim Wright is the builder developer and has a strong pedigree in finance and development. He has completed a range of other developments around the country and many have included a prospectus to raise funds from early investors.

The PIAA Rating for Ramada

PIAA Rating
Send for the free PIAA Full Due Diligence Kit for this development.

Advantage Statement

Ramada Hervey Bay Stage 1 has just completed in October 2009. It is being built at the heart of the new Queensland State Government anchored tourism development at Urangan one of the coastal suburbs of Hervey Bay. It offers the benefits of being associated with such a well-recognized, internationally-promoted brand, with strong web presence, successful marketing strategies and the Ramada brand is part of the largest hotel chain in the world, Wyndham with 6500 hotels with 550,000 rooms across the globe. Historically guests know what to expect and are willing to pay.

Ramada Hervey Bay offers resort hotel or one bedroom suite accommodation to guests and dual key apartments with dual income streams to investors. In fact it is one of two dual key buildings in Hervey Bayi and the other being substantially older. It has onsite management, Seascape Hervey Bay Pty Ltd, providing Ramada standard services including reception desk, a heated pool and spa, bar and cafe, gym and sauna, meeting room and security access. Its amenities give it appeal to both the business and holiday traveler.

Developers Advantage Statement

Key Information

Price List: Price List
Floor Plans: Plans
Additional Plans
Specifications: Specifications
Depreciation Schedule: Depreciation Schedule

Market Information

Market Research:

Tourism and Business visitor trends are vital to appreciating the potential return on investment for this opportunity. The tourism figures published by the Fraser Coast Council to year-end Sept 2008 show a decline in holiday makers over that year, whereas more people were visiting friends and staying for business. Accommodation bookings for the all hotels, motels and serviced apartments for year-end Sept 2008 showed that numbers were slightly down, but stays were longer. Total Hervey Bay statistics show 458,663 room nights were booked to year-end Sept 2008 compared to 454,280 to year-end Sept 2007, an increase of 1.0% whilst number of guest arriving was 449,598 to year-end Sept 2008 compared to year-end Sept 2007 468,232, a decrease of 4.0%. Guests staying for longer suggest there is a greater diversity of recreational activities available and hence they are entertained for longer, or their business is most complex also requiring longer stays.

Ramada Hervey Bay is in this category, is the newest offering and will be right next to the newest attraction – the redeveloped Marina and café precinct which has been let by government tender but not yet started. Historically well branded hotels with active marketing campaigns have performed above the average in attracting and retaining guests.

Valuations: Full Development Valuation
Project Profiles:Developer: Affinity Group Pty Ltd
Developer's Website:
Architect:
About
Builder: Affinity Group Pty Ltd
Builder's Website:
Completion Date: 1969-12-31
Project Website: http://www.ramadaherveybay.com.au/

Contract Details/Summary:


Website:


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