Spotlight on Aussie heritage brand Quest Apartment Hotels
Are you looking for a solid investment? Are you on the search for a legacy business that’s established and proven over years of trading? Are you looking for an Aussie business?
Well, Quest Apartment Hotels ticks all those boxes.
There’s always a risk in business, but a franchise with a track record of trading success even in tough times offers a level of security not possible in a young business or an independent operation.
Paul Constantinou [pictured] started the Quest accommodation business back in 1988 in Melbourne and he is still leading the charge today as executive chairman of the franchise chain.
The idea for the business was to cater for extended-stay business travellers with home-from-home, serviced accommodation.
The concept took off and now the Quest Apartment Hotels brand can be seen in more than 175 locations across Australia, New Zealand, Fiji, and most recently in the UK.
Along the way it has seen some significant changes, including a rebrand from Quest Serviced Apartments in 2015.
The same year, the accommodation firm signed a $500 million strategic partnership with Singapore-based real estate subsidiary The Ascott Limited, which brought funding and advisory board members into the business.
In 2019 the business was the first in Australia to be awarded a five-star franchise rating.
A Quest franchise is a big investment ($750,000+) depending on the number of apartments, tenure, location and existing conditions.
However, Quest is accredited with major Australian banks, who have helped franchisees fund their way into the business.