|Rydges Armidale is one of the best properties in the stable and thriving town of Armidale. With a long term stable client base, an unusually high quality property and a prosperous region, this property is expected to perform well in the long term.
Armidale is a NSW “Evo-city” in that it has been designated to receive disproportionate levels of goverment support and activity as a regional centre. It is already a strong education and commercial town with deep ties into agriculture and tourism. Armidale is midway between Brisbane and Sydney on the New England highway.
As the best property of any scale in town, Rydges Armidale (formerly Powerhouse) occupies the premier position in corporate travel. The 57 rooms are extremely high standard (even with heated bathroom floors!). The restaurant is one of the best in town and is popular with locals and visitors.
TARHF purchased the Freehold Active interest of the property in November 2021. As a investment, the property enjoys a strong initial yield, surplus land and the ability to use our shared services to add value to marketing, cost control and guest offering. These avenues provide investors with additional upside.