ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD, the Jubilee Tavern in Airlie Beach, and the Summerhill Hotel, 12 kilometres north of the […]
HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS Read More »
Listed entity HPI has announced a deal renewing the bulk of its leases to Australian Venue Co (AVC) and the partnership with Coles, bringing “confidence” in the future to all parties and the pub sector. Hotel Property Investments (ASX: HPI) launched at the end of 2013, and has accumulated titles to 43 pubs in Queensland
The brand new joint venture between Australian Venue Company and Coles has kicked off further expansion plans with purchase of Open Arms Hospitality’s Brisbane hot-spot Riverland. This marks the first acquisition for the newly-formed Queensland Venue Company (QVC), which sees AVC operating the formerly Coles-held 87 pubs, predominantly located in Queensland. Open Arms took on
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