A 4.5-star hotel strategically positioned in Dubbo’s main commercial area has been sold for $17million. The Quest Dubbo, located at 22 Bultje Street, was purchased by Accure Funds Management from MAAS Group Holdings.
Operating under a secure lease until 2048, backed by its parent company, The Ascott Limited, the world’s largest leading international lodging owner-operator, the hotel represented a strong long-term investment opportunity which was recognised by the purchaser.
The premier apartment hotel sits on a large 2,029 sqm site just 10 minutes from Dubbo City regional airport, a location that offers visitors convenient access to a variety of essential services such a Dubbo Base Hospital and Dubbo Station, educational institutions such as Charles Sturt University and tourist attractions including Dubbo Regional Botanic Garden and Old Dubbo and Taronga Western Plains Zoo.
Boasting 65 serviced apartments of varying room configurations with high quality finish, the hotel includes a modern and spacious ground floor lobby/reception area, a gymnasium and fully equipped conference room, guest laundry and housekeeping storage space, as well as a ground level sealed and secured car parking space for 45 vehicles.