|Peninsula Boutique Hotel is one of the premier properties location right opposite the beach in Port Douglas.|
Peninsula Boutique Hotel is a management rights property containing 32 luxury beachside apartments in a premium location in one of Queensland’s nicest beach resort towns. Located on the edge of town and opposite the main beach, the location and ambiance of this property is unrivaled. The property features one of the better restaurants in town serving low key but well regarded meals throughout the day and night.
TARHF purchased the property in November 2019 as the inaugural asset for the new Fund 2B. The property is expected to make a significant contribution to returns. Unusually for a Port Douglas property, seasonality is less of a factor in the Peninsula and it remains a property of choice for both domestic and international guests year around. Many of these guests book their stay for the following year as they are checking out. Around the property, TARHF expect to enhance quality and guest experience through capex and service standards as well as packaging local experiences. There are many opportunities to enhance financial returns through cost control, information systems and yield management.
TARHF purchased this property for its stable and significant returns, upside potential within a range and the high quality of the asset and location.