Launceston hotel remains with StayWell

StayWell Hospitality Group, the owner and operator of the Park Regis and Leisure Inn brands, has confirmed that Leisure Inn Penny Royal Hotel and Apartments will continue to trade under the Leisure Inn brand and as part of StayWell’s growing portfolio.

Following the purchase of the property by JAC Group, owned by Tasmanian property developer and winemaker Joseph Chromy, StayWell Hospitality Group has entered into a long term lease agreement effective 28 June.

Leisure Inn Penny Royal Hotel & Apartments P/L, a wholly owned subsidiary of StayWell Hospitality Group, will continue trading without any disruption to existing guests, clients or suppliers.

Both StayWell and the property owner have committed a sizable investment to continue to enhance the hotel’s facilities in order to meet Leisure Inn’s brand standards over the next few months.

CEO of StayWell Hospitality Group, Simon Wan, confirmed that StayWell is keen to continue managing the property in Launceston and improving guest experience through various initiatives.204-DN-Penny Royal3

“We are very pleased to enter into this lease arrangement and proud to be working in conjunction with the JAC Group. Retaining Leisure Inn Penny Royal as part of the StayWell portfolio is a very positive step for us as it’s always been one of our more popular properties. Its appeal is particularly due to the hotel’s history and unique charm; however we are aiming to improve the guests’ experience at the hotel by investing in refurbishing many parts of the property. In addition we are looking to revitalise the Penny Royal attractions adjoining the hotel site.

“StayWell is currently expanding at a fast pace offshore from Australia in locations such as India, however, we are also actively seeking new opportunities domestically. This includes a potential property addition in Hobart to complement Leisure Inn Penny Royal in Launceston,” he said.

Leisure Inn Penny Royal Hotel and Apartments is a 72 room property located a five minute walk to Launceston’s city centre and is adjacent to Cataract Gorge and the Tamar River. Facilities include an onsite restaurant/tavern and Gourlay’s Lolly Shop.

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