EVT sells Rydges Geelong
ASX-listed EVT – formerly Event & Hospitality Management – has settled on the sale of a high-profile Geelong hotel.
The 148-room, 4-star Rydges will continue to operate under a franchise agreement after being offered with vacant possession.
Also with a restaurant, bar, pool, gym and six events spaces, it fetched $24.5 million from an investor.
At 89-105 Gheringhap Street, also exposed to Myers and Little Myers streets, and Winchester Place, spreads 5991 square metre with development upside (continues below).
JLL’s Peter Harper and Nick MacFie were the agents.
Also this week Deakin University sold Geelong’s historic T&G Building after 12 years when it was repurposed for student accommodation.
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