Ramada Suites by Wyndham Zen Quarter Darwin, 6 Carey Street, Darwin City, NT 0800

Savills has been exclusively appointed to present the Ramada Suites by Wyndham Zen Quarter Darwin to the market for sale. This property is currently rated as Darwin’s leading hotel according to TripAdvisor. It has an excellent location at the edge of the city centre with easy access to various tourist attractions and accommodation demand drivers including the Waterfront Entertainment Precinct, Darwin Convention Centre and new Charles Darwin University city campus.

The opportunity comprises three key components:

• Zen Quarter Management, which includes the management letting rights (MLR) of 218 one and two-bedroom apartments which extends until August 2039.

• Freehold strata ownership of 51 one and two-bedroom apartments (54 keys) plus two (2) commercial strata lots.

• Horizen Café and Rooftop Lounge freehold “going concern” business within an owned strata lot.

Investment Highlights: 

• Modern hotel apartment complex situated at the edge of Darwin’s city centre
• Leading hotel with strong trading track-record and high yielding asset
• Potential to re-brand operation after expiry of Ramada franchise in June 2025 
• Long-term Letting and Caretaking Agreements to August 2039
• Potential to acquire further apartments or divest real estate
• Diversified client base and income with short and long-term lettings

The property is for sale by way of Expressions of Interest closing Friday 16th of August 2024 at 11am (AEST).

For further information on this exceptional offering, or to arrange and inspection please do not hesitate to contact the exclusive sales agents.