Gosford RSL Club to redevelop on back of successful year

The result was after depreciation of $2.1 million and paying $2.7 million in Federal, State and Local Government taxes of which $1.6 million was in Gaming Tax.

Wages and employee benefits for the Club’s 110 employees amounted to $4.9 million.

The Club’s Galaxy Motel operation suffered a decline in revenue due to the economic conditions and the fact that less people were travelling.

This gave the Club the opportunity to upgrade all forty-nine rooms, remodelling bathrooms, repainting throughout, upgrading kitchenettes, adding flatscreen TVs, IPOD docking stations, new lighting and air-conditioning. In addition the swimming pool was heated and spa and sauna added. An additional room was added by converting the old motel manager’s residence into a 2-bedroom unit.

The cost of these refurbishments was $700,000 and enabled the motel to maintain its 4-star standard. A further $100,000 is currently being invested on a new Reception Lounge with convenience shop and internet cafe.

General Manager, Ross Seabrook, said that the occupancy rate for the motel is presently running at 85%.

Mr Seabrook said that over the past year changes had been made to improve service delivery for members and guests, including menu changes in the food outlets and function centre, which had resulted in broader market appeal.

The Club’s rolling Masterplan is being implemented with $6 million being invested over the next three years and a further $7 million in the following five to ten years.

The first phase will see a new porte cochere and reception area with an improved street frontage and external facade. There will be an expansion to the alfresco terrace and a new break out area off the Coral Room. “With the new Riverside development and other land being developed around the Club, we need to improve our visibility and offer products and services that will complement these new developments,” Mr Seabrook said.

This will also include new dining facilities and upgraded conference facilities with the capability to take a wider range of participants.

Mr Seabrook said that whilst our brand has good market penetration “we have to recognise that whilst meeting the needs of our existing markets, we must also cater to new emerging markets.”

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