The Lorne Hotel in Victoria is up for sale

The Lorne Hotel in Victoria, Australia, is up for sale. The hotel has been listed for $20 million, with agents reporting strong interest from both local and overseas buyers.

Mathew George, VP of Jones Lang Lasalle, said it was a rare example of a regional hotel being placed on the market. 

Agent Scott Callow of CBRE Hotels, who is handling the Lorne Hotel sale with Cropley Commercial, said it was considered a "trophy asset" in the area. In September, the Woolworths-backed hotels venture ALH Group sold 54 pubs to Charter Hall Group for $600 million. It was one of the largest sales in the pub sector.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.