Bundaberg News Mail
10 March 2018
| Category - News

Bundaberg News Mail: 10 March 2018

The Bundaberg News Mail published the following article on the 10th of March 2018 “Plans for a $25 million hotel near Bundaberg Airport”

A NEW $25-million, 120-bed hotel is in the works for Bundaberg thanks to an agreement signed this week between the new owner of the Brothers Sports Club and an emerging hotel operator.

Stronghold Investment Services said an agreement for lease had been reached with the Estilo Group for the construction of a hotel adjacent to the club on the corner of Takalvan St and Airport Dr.

Stronghold Investment Services negotiated to purchase the Brothers Sports Club late last year with settlement scheduled for early May.

The 8.1ha site currently includes a two-level sports club building, bowls club and bowling greens, netball courts, rugby and AFL playing fields and associated clubhouses.

Stronghold executive director and head of property Steve de Nys said it was a strategic investment in the Bundaberg region, and if approved, the hotel would add further value to the site and the local economy.

“There is a fair amount of precedent elsewhere of locating accommodation near entertainment precincts,” he said.

 

READ THE FULL STORY HERE:

https://www.news-mail.com.au/news/plans-for-a-25-million-hotel-near-bundaberg-airpor/3357214/

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“The advice provided in the News Mail article is general advice, not personal advice so you can’t assume it will be suitable for you. It does not take into account your objectives, financial situation or needs so you will need to consider if the advice is appropriate for you.”