Ritz Geelong will host two public briefings this month, focussing on Geelong’s short-term accommodation shortage and how the upcoming 4.5 star Ritz development presents an opportunity for property investors to profit from the market gap.

A panel comprising Phil Petch (Ritz Developer and Chartered Accountant), Graham Jay (Senior Finance Broker), Jim Chapman (Licensed Real Estate Agent and accommodation specialist) and Michael Tozer (Collective Hotel Management Director) will conduct presentations in Geelong and Melbourne covering a range of subjects related to the development.

Mr Petch, who will be talking about the emergence of the service-driven economy in Geelong, said he wanted the sessions to highlight the suitability of the 4.5-star apartment hotel to the region.

“I want people to walk away and think ‘Well here’s a property investment that’s cashflow positive’” he said.

“You get to be part of Geelong’s booming short-term accommodation sector, while also enjoying the best physical location of a city that is amongst the fastest growing in the country.”

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Geelong is riding a wave of unparalleled growth in corporate and tourist overnight visitation, now ranking alongside Darwin (1.5 million overnight visitors) and above Hobart (1.3 million overnight visitors) in the national tourism hierarchy. 

It is from this environment that the Ritz is expected to generate net rental yields of between 6-7 per cent, making it an attractive prospect for investors, especially in this historically low interest rate climate.

Collective Hotel Management Director Michael Tozer

Mr. Tozer has seen first-hand the impact quality short-term accommodation can have on precincts, with Collective Hotel Management managing two luxury resorts in Noosa, as well as a corporate hotel in Woolloongabba, Brisbane.

Related Reading: Potential for yields 'comparable with commercial property' at Geelong's Ritz development

He said the Ritz presented an opportunity for synergy with the group’s other offerings. 

“We see numerous people who enjoy our leisure product in Noosa, where there is a high expectation for quality service to accompany the quality location,” he said.

“We think Geelong fits in very well with that genre.” 

The Melbourne briefing will be held on Tuesday, October 15 from 6pm to 7.30pm at Suite 4, 726 High St, Armadale.

The Geelong briefing will be held on Wednesday, October 16 from 6pm to 7.30pm at the Geelong Club.

Both sessions are free.

For more information, or to RSVP, email or phone Jim Chapman via the details provided below.

For more information, including the developer's final release of properties, visit the Ritz website.

This is a sponsored article.