Gladstone
We have entered into a contract to purchase Rydges Gladstone, a growing tourist destination.
Gladstone is a diverse economic base underpinned by mining, agriculture, engineering, construction and manufacturing sectors, with products exported through the Port of Gladstone. The region is also a growing tourist destination.
Gladstone is the Gateway to the Southern Great Barrier Reef and the Capricorn Coast, comprising Deepwater National Park, Fitzroy Lagoon and picturesque islands including Heron Island Wilson Island, Lady Musgrave Island and the Capricorn Bunker Group of Islands. The area has excellent scuba diving spots where guests can witness the breathtaking beauty of coral configurations and ocean life.
Gladstone is a diverse economic base underpinned by mining, agriculture, engineering, construction and manufacturing sectors, with products exported through the Port of Gladstone. The region is a growing tourist destination.
Gladstone is approximately 550 km north of Brisbane or an hour flight.
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Hotel Overview
The Rydges Gladstone is situated in a six storey tower block containing 73 rooms, a restaurant and bar, conference room, swimming pool and on-site car parking. The main hotel building comprises a lower ground, ground and four upper levels containing 18 hotel rooms per level. The ground level comprises a covered walkway from Goondoon Street, entry foyer and reception area, lift lobby, restaurant and bar, suspended deck with a swimming pool and sunbathing area, amenities, the Port Curtis meeting room and a two bedroom suite. The lower ground level comprises a substation, storerooms, house laundry, staff changing facilities and offices. Also on the ground floor is the entry/lift lobby where there is a mezzanine level containing a guest laundry, toilets and two stores. A stairway void extends to the ground level reception area.
Site and Facility Details
The site is within the “commercial zone” in the City Locality in the Uptown Precinct under the provisions of the Gladstone Planning Scheme 2006.The intent of the “Commercial zone” is for the City Centre to be the principal commercial centre for the region and the city providing residential accommodation, high order administration, business services, office accommodation, cultural and entertainment, personal services and specialised retailing.
Food and Beverage Facilities
The ‘CBD Restaurant and Bar’ is located on the ground floor with views overlooking Gladstone Harbour and the swimming pool offers guests the ability to dine indoors or alfresco. The hotel also provides guest room service.
Facilities
- Outdoor swimming pool overlooking Gladstone harbor
- Guest laundry
- Car parking
Gladstone Project Pack
This pack includes several materials detailing an overview of the opportunity, project specifications, renders, and investment returns.
Investing in the
Gladstone Project
Gladstone is a growing tourist destination, underpinned by mining, agriculture, engineering, construction and manufacturing sectors, with products exported through the Port of Gladstone.
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memorandum
Download Gladstone Project IM to find out extensive details about the site and offer.
Download our Gladstone Information Memorandum.
Read more about our investment
summary and key investment
terms.
8% Preference Unit Coupon Rate paid quarterly + Maturity Coupon Return of 10%*
*Subject to the terms and condition outlined in the Gladstone Hotel Trust Information Memorandum dated 5th November 2018