Wattlestone portfolio company, Travellers Group is pleased to announce the acquisition of the Bluegum located in Dubbo, NSW.
The Bluegum property is a unique and high quality asset that continues to add to the premium regional portfolio that Travellers group is building. The Bluegum is centrally located, a premium and clear number one accommodation product in Dubbo.
Travellers Group Managing Director, Craig Smith, said, “The previous owners have done an exceptional job renovating the property, creating a truly unique and high-performing asset. We are honored to become the new long-term custodians of The Bluegum. This property will further set the benchmark in our expanding portfolio of regional Australian properties, both in terms of quality and presentation.” The property boasts a range of room types from a studio apartment with King bed, kitchen and private ensuite through to twin and executive rooms.
Dubbo is a a strategic location in central NSW with a population of 56,720 and forecast to grow to 65,563 by 2036. The region has a strong mix of industries with government, healthcare, construction, education and agriculture being key drivers of the local economy.
