Gallagher Hotels owns several assets across NSW including PJ Gallagher’s Irish Pubs and Mr G’s, with the Meadowbrook Hotel being its first acquisition into Queensland. The sale was handled by CBRE Hotels’ Paul Fraser, on behalf of Pelathon Management Group.

Located on a 5,934sqm site on the corner of Loganlea Road and Logandowns Drive, the venue derives income from bars, alfresco dining restaurant, accommodation, 40 gaming machines and a drive through bottle shop – ensuring diversity of cash flow.

CBRE Hotels Director Paul Fraser said, “Meadowbrook Hotel is situated in a renowned high gaming corridor between Brisbane and the Gold Coast. It is prominently located in Meadowbrook’s commercial centre, with trade underpinned by infrastructure such as Logan Hospital, the Logan campus for Griffith University, Meadowbrook Plaza and a new Woolworths anchored shopping centre. This played a significant part in the high level of interest we received on this asset.”

“This is a prime example of a high-profile Sydney publican looking at opportunities north of the border, where capitalisation rates are substantially softer than their counterparts in NSW,” Mr Fraser added.

CBRE Hotels is currently marketing another leasehold asset, the Criterion Tavern, which has a similar strong gaming performance and the 25 gaming authorities owned by the leasehold owner.

Get to know Paul Fraser, Queensland Director of CBRE Hotels

To discuss the sale in further detail phone or email Paul Frase via the below contact details.

See also:

Best Western Plus Lake Kawana Hotel for sale Sunshine Coast

ErdiGroup's Hotel Urban Brisbane sold to Facilimate for $31 million

Crowne Plaza Surfers Paradise Gold Coast hotel for sale Wayne Bunz CBRE Hotels