Quest Griffith, 59-63 Railway St, Griffith, NSW 2680

Savills Hotels is pleased to offer Quest Griffith, a well-established 68-key leased serviced apartment hotel positioned in the heart of Griffith, a key regional centre within the Riverina region of NSW.

Underpinned by a long-term lease to a Quest Apartment Hotels franchisee, part of The Ascott Limited, the investment provides a compelling opportunity to acquire a high-quality regional hotel with secure rental income, embedded annual growth and no operational exposure.
 
Key Investment Highlights: 
- Institutional-Grade Covenant: Long-term lease, underpinned by The Ascott Limited, providing investors with a high-quality income covenant.
- Long-Term Secure Income Stream: Lease expiry in November 2031, with three further five-year options, providing a potential tenure through to November 2046.
- 4% Fixed Annual Rental Growth: The lease provides fixed annual rental increases of 4%, delivering embedded income growth and downside protection.
- $1.36M* Net Passing Rent: Current adopted net passing rent of $1,358,143 p.a., equivalent to $19,973* per key.
- Passive Hotel Investment: A leased investment structure provides the incoming owner with no operational exposure, management fees or trading risk.
- Established Quest Asset: Purpose-built in 2016 and trading since 2017, the property comprises 68 keys including studio, two-bedroom and three-bedroom configurations.
- Resilient Regional Economy: Griffith is a key Riverina economic centre supported by agriculture, food processing, viticulture, logistics, healthcare and government services, generating a diversified corporate and leisure demand base.
- Limited Competitive Supply: The Griffith accommodation market has limited branded hotel supply, with no confirmed new hotel projects currently in development, supporting the asset's competitive position.
- Strong Riverina Fundamentals: The Riverina recorded 73.6% occupancy in 2024, above the regional NSW average of 64.4%, with ADR of $171.47 and RevPAR of $125.32.

The hotel will be sold by way of Expressions of Interest closing Thursday 1 October 2026 at 2pm (AEST). 

For further information, access to the IM and Data Room, or to arrange an inspection, please do not hesitate to contact the exclusive selling agents.


*Approximately