Rydges Esplanade Resort

Commercial Real Estate Investing, Reimagined

Rydges Esplanade Resort

Location

209-217 Abbott Street
Cairns City
QLD 4870
Gimuy-walubarra Yidi Country

Set amidst tropical surroundings and boasting a prime waterfront location, this Rydges Hotel marks JY Group’s inaugural commercial property investment in Australia.

The scenic 4-star hotel offers exclusive amenities, including a health and fitness centre, spa, two tennis courts, and three swimming pools. Conveniently located along the Esplanade in Cairns CBD, the hotel provides easy access to fine dining and shopping, with the added benefit of being close to the renowned World Heritage sites of the Daintree Rainforest and the Great Barrier Reef.

Location

209-217 Abbott Street
Cairns City
QLD 4870
Gimuy-walubarra Yidi Country

Ownership entity

JY Cairns Esplanade Hotel Trust

JY ownership

50% (50% owned by a Private Investor)

Year of purchase

2019 (from Mulpha Group)

Gross purchase price

$65 million (including capex rebate, performance guarantee and adjoining commercial and residential property)

Facilities

2 x Lobby Retail Shops, lagoon swimming pool and sun-lounge deck, Fitness Centre, 2 x Tennis Courts

Number of retailers

Site area

0 sqm

Car Parking Spaces

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