Travellers Group Expands Regional Footprint with Third Acquisition

Travellers Group acquires the 44-key Burnett Riverside Hotel in Bundaberg through and off-market deal facilitated by ResortBrokers.

Travellers Group has acquired the 44-key Burnett Riverside Hotel in Bundaberg in an off-market deal through ResortBrokers’ Nathan Benjamin. This purchase marks the group’s third regional acquisition, following the 31-key Emerald Inn in December 2023 and the 24-key Bluegum Dubbo in July 2024.

Craig Smith, Managing Director of Travellers Group, praised the hotel’s prime location and views of the Burnett River, calling it a perfect fit for their regional hub strategy. “Bundaberg was a key target for us, and this hotel offers a solid foundation for growth,” Mr Smith said.

We identified and facilitated the sale, noting that the property was an ideal match for Travellers Group’s goals in the Bundaberg market and achieving one of the highest per-key rates for a Central Queensland leasehold hotel.

This acquisition strengthens Travellers Group’s regional presence and their focus on adding value to regional communities.

Check out the full article here on Hotel Convocation.

Cheers,

NB