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A Sunshine Coast boutique hotel that caused a sensation on Instagram has been listed for sale with a built-in buzz.
Opened after a full renovation 12 months ago, with 10 rooms Loea Hotel (Maroochydore) With its exquisite, white California style and fantastic seaside location, it has attracted 11,600 fans on the platform.
The owners Andrew and Lucy Pink renovated this previously outdated motel after relocating from the UK and noticing the gap in the market for stylish and affordable accommodation.
The hotel now has 10 suites, a magnesium swimming pool with a communal garden and lounge area, a reception, a coffee shop in an old van, and cruiser bicycles for guests.
There is also a residence for the site manager.
The property has undergone extensive renovation. Image: realcommercial.com.au/for-sale
Hayley Manvall, the marketing agent for CB Richard Ellis Hotels, said that despite its launch during the COVID pandemic, Loea has “rapidly become one of the hottest new hotels in Queensland”.
It has appeared in many design and travel magazines and has attracted the attention of social media influencers.
“The asset is essentially just a’guests department’. Given the limited amenities, facilities and low wage costs, it provides an excellent profit margin that is superior to the more traditional full-service hotel model,” Ms. Manwar said.
“The hotel is operated by on-site management staff, which is an attractive investment for upcoming owners, operators or investors, and can flexibly retain the existing management team.”
The property includes a public garden and cafe. Image: realcommercial.com.au/for-sale
Loea Hotel is located on a 1376 square meter freehold across the Maroochy River, 20 minutes from Noosa and 7 minutes from the new Sunshine Coast International Airport.
Ms. Manville said that the accommodation has high corporate demand during the week, and there is strong interest in the leisure market on weekends and weekdays.
She said that the CB Richard Ellis Hotel recently sold Bower Byron Bay more than 15 million US dollars-equivalent to 535,000 US dollars per room – Demonstrated the performance and demand of this boutique asset in the popular coastal market.
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