Geraldton Motor Inn sells for $4m

CBH Group has purchased the Geraldton Motor Inn for $4.1 million, with plans to provide accommodation for its workers there.

The grain handler, which has an office out of Geraldton and operates out of its port, bought the 113 Brand Highway property from Blasket Pty Ltd.

ASIC lists Quirko Investments Pty Ltd, of Tarcoola Beach, and Fabre Pty Ltd, of Robinson, as the joint shareholders of Blasket.

JLL Hotels & Hospitality Group’s Andrew Langsford and Nick Roche brokered the deal for the 60-room hotel, which features a bar, restaurant and drive through bottle shop.

A CBH spokesman said the purchase would support the co-operative’s strategy designed to help lift CBH’s WA export capacity to a maximum of three million tonnes per month by 2033.

“There is currently a highly competitive market for accommodation in Geraldton and surrounding areas as companies undertake significant infrastructure and resource projects that require a large workforce from outside of the region,” the spokesman said.

“Half of the accommodation will be available at the 60-bed motel for tourists and short-term stays, with the restaurant, bar and takeaway bottle shop operating as normal to cater to guests and the local community.”

Mr Langsford said the transaction highlighted the JLL divisions’ reach across regional markets.

Mr Roche said WA remained a highly sought after investment destination even in the face of global economic headwinds.

“We anticipate regional locations undertaking significant infrastructure projects and underpinned by commodity demand, will continue to experience steady growth, and remain a favourite of capital seeking stable returns,” he said.