Elizabeth Lodge – Prime Hotel Investment Opportunity in Bardene, Boksburg

Seize the chance to acquire Elizabeth Lodge, a thriving 3-star hotel in Bardene, offered as an ongoing concern. Strategically located near the airport, this property is a magnet for corporate clients, including Dischem and Checkers, as well as church groups from across Africa, ensuring consistent demand and strong revenue potential.

Property Highlights

• Land & Infrastructure: Sprawling across six stands with a combined land size of 5,920 m², featuring an under-roof area of approximately 2,276 m². The property holds business/commercial consent use over three stands and operates under residential 3 zoning.
• Accommodation: 33 well-appointed rooms (single, double, suites, some with garden access), priced at R900–R1,000 per night. Two room blocks are equipped with solar power, and one has a backup generator.
• Facilities:
• Two conference centers accommodating up to 80 pax, regularly booked by major corporates.
• A vibrant restaurant with a liquor license, offering à la carte dining and daily meal specials.
• Ample secure parking, a communal pool, games room, rentable outdoor braai lapa, and a mini gym.
• On-site laundry with potential for upgrading into a full-scale laundry facility.
• Financial Performance:
• Average monthly income of R650,000 over the past five months, with operating costs averaging R405,160 per month.
• Strong occupancy rates, peaking at over 100% for two months annually, with recent figures:

• September 2024: 95.89%
• October 2024: 86.26%
• November 2024: 90.28%
• December 2024: 75.77%
• January 2025: 92.83%
• February 2025: 82.48%
• March 2025: 85.10%
• April 2025: 61.10%
• May 2025: 79.31%
• June 2025: 90.39%
• July 2025: 90.18%
• August 2025: 78.40%
• Growth Potential: Currently a 3-star hotel, Elizabeth Lodge is poised for a 4-star upgrade, enhancing its market position and profitability.
• Asset Register: Comprehensive asset register in place for seamless transition.

Investment Appeal

Elizabeth Lodge combines a prime location, diverse revenue streams, and robust infrastructure, making it an ideal acquisition for investors seeking a turnkey hospitality business. Its proximity to the airport, consistent corporate and group bookings, and scalable facilities (e.g., laundry and conferencing) offer significant upside potential. With strong financials and a clear path to further growth, this is a rare opportunity to own a high-performing hotel in a sought-after location.

Don’t miss your chance to bid on this exceptional hospitality asset!