Andrew and Luke Lazarus

‍Newcastle Beach is a small village that has been transformed into a popular tourist destination over the last few decades.

It is situated in the New South Wales Southern Tablelands, about fifty kilometers north of Sydney.

The village offers a variety of recreational activities like camping, surfing, diving, fishing, boating, and hiking. Because of its popularity, the village has become a destination for international tourists.

Read more: Newcastle Council staff assists in refurbishing Andrew Lazarus beach hotel in Merewether | Newcastle Herald

Newcastle Beach Hotel is situated on the southern shores of the Hunter River and offers visitors a picturesque view of the river, the bay, and the nearby hills.

Newcastle Beach Hotel

Newcastle Beach Hotel is situated on the southern shores of the Hunter River and offers visitors a picturesque view of the river, the bay, and the nearby hills.

This makes it an ideal spot for a hotel.

The hotel is owned and operated by Andrew Lazarus and his son, Luke.

They have owned this hotel since 2019, buying it from John Towhill and Jim Bale, and have made enough money to afford to sell it for forty million dollars.

The property was appraised at $40 million.

This means that the property was of high quality and not in bad condition.

Many hotels around the world are valued at less than one million dollars.

The property would be worth more if it were located in a more prosperous area, had a high occupancy rate, and was promoted to draw more visitors.

Conclusion

Although Andrew Lazarus and his son, Luke Lazarus, chose to sell the Newcastle Beach Hotel, they did it at a good price.

Therefore, if you own or operate a hotel, you should focus on finding ways to make it profitable.

You will also receive good returns from such an investment, and you will enjoy the prestigious lifestyle that comes with it.

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Learn more about Andrew: https://www.f6s.com/andrew-lazarus/