The hotel located just off the main street in Targo St, Bundaberg is an outstanding business opportunity as the hotel has been completely renovated during the past twelve months and as it was a great business before the upgrades it is now ready to become the number one hotel in the area with many profit centres and a upgraded facilities to attract patrons.
The hotel has been closed for renovations for 9 months and has recently reopened with the following areas ready for trade.
Amenities
*New gaming room & bar
*New night club & bar
*Renovated public bar
*50 bed licensed backpackers accommodation upstairs
*Refurbished beer garden & large entertainment area
*New kitchen facility
*New windows to the exterior of the hotel and paint

Figures supplied by the vendor for the period prior to the renovations show excellent returns and the hotel is now in better condition than previously and is more appealing to the customers.
In the figures that are provided for the period before the renovation there was no accommodation or food figures because these areas did not exist but are now provided for so only an estimate can be established to forecast these into the budget.
Financials
The hotel can provide three years of financial statements up until the closure for renovations with the last statement showing a net profit of $603,218 for the year ended June 2011. Therefore with the new facilities and upgraded services the hotels bottom line could be assumed to be better.