Listed pub landlord Hotel Property Investments’ shareholders have voted with their balance sheets to accept the protracted, $760 million attempted takeover by Charter Hall and Hostplus. HPI (ASX:HPI) holds a stable of pubs in multiple states, totalling around 60 sites. The majority are leased to AVC and its partnership with Coles, QVC (Queensland Venue Co). […]
Hotel Property Investments is embracing a strategy in line with its moniker, looking to a raft of opportunities in a virile market in a fight-back against the attempted takeover by Charter Hall and Hostplus. After an initial bid in September, the revised offer from the listed Charter Hall retail fund and superannuation player Hostplus effectively
Hotel Property Investments has struck a decided vote of confidence in the sector, turning its nose up at a revised takeover offer by real estate investment giant Charter Hall and sometimes partner Hostplus. Australia’s last remaining listed pub landlord, Hotel Property Investments (ASX:HPI) holds a portfolio of 59 venues, all leased to Queensland Venue Company
Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in retail assets backed by long leases, counting shopping centres, convenience stores, childcare and petrol stations.
Charter Hall has demonstrated its continued penchant for ALH pubs, paying $57 million for the Highbury Hotel and Village Tavern in Adelaide. The hotels are centred in the capital’s northern suburbs, Highbury about 14 kilometres north-east of the CBD, the Village around 20 kilometres. Highbury counts a sports bar, bistro, gaming with 40 machines, function
ALH Group has teamed again with Charter Hall to purchase the Tandara Hotel in Sarina from pub pundits Waratah Hotel Group. The Tandara occupies a large 5,100sqm corner block fronting the Bruce Highway and Central Street, in coastal Mackay. It offers public bar, TAB, bistro, gaming with 31 Coastal authorities, beer garden, 15 motel rooms,
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the listed Charter Hall Long WALE REIT (ASX:CLW) and with ongoing real estate partner Hostplus, for
The formidable partnership of Endeavour Group and Charter Hall have teamed up to buy Chris Feros’ trophy Terrey Hills Tavern for close to $40 million. Last month Endeavour Group (ASX:EDG) completed its exit from the Woolworths empire, and major shareholder Bruce Mathieson flagged the unshackled entity would be aggressively pursuing new pub acquisitions. Representing its
ALH AND CHARTER HALL CHARGE INTO FEROS’ TERREY HILLS TAVERN Read More »
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its high-quality food, beverage and retail liquor business, and regularly ranked Top 10 in the Territory
Charter Hall has continued its confidence in the pub sector with another big acquisition, of the ALH-tenanted Austral Hotel in Mackay for a reported $25 million. Charter Hall began its investment in blue-chip pub assets in 2014, acquiring a $600 million portfolio leased to ALH, in partnership with Hostplus. It has since proven selective of
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