paulnmarn replied to the topic New Motel Leasehold Owners in the forum Commercial Property 10 years, 3 months ago
Hi Crest,
We are in Eden, Twofold Bay. We class ourselves as being an hour from the coast as in the larger coastal city. We are actually on the South Coast ourselves, with ocean views from every room. We have found from talking to our customers that they prefer here to where they originally intended to travel to which is great for us! We have…[Read more]
paulnmarn replied to the topic New Motel Leasehold Owners in the forum Commercial Property 10 years, 4 months ago
Hi Corey, been a while since I have logged on!
We have found occupancy rates have improved since we took over. Historically, the months of June through to the end of August had seen the motel occupancy rates drop to around the 53% mark. We had occupancy over 80% average for June and July has good forward bookings. We are fortunate in that our…[Read more]
paulnmarn replied to the topic New Motel Leasehold Owners in the forum Commercial Property 10 years, 10 months ago
Thanks Benny, and will do. Motel in QLD. Yes, have been reading on here for some time getting some good info that assisted in our venture.