Market Functionality and Positivity Leads to $40mm Activity HTL
Contact
Market Functionality and Positivity Leads to $40mm Activity HTL
HTL Property warmly congratulates our valued clients, Royal Hotels and Hotel Property Investments (ASX:HPI), following completion this week of the Gregory Hills Hotel Sold by Andrew Jolliffe and Dan Dragicevich of HTL Property.
-
HTL PropertyGregory Hills Hotel Sold by HTL property
HTL Property warmly congratulates our valued clients, Royal Hotels and Hotel Property Investments (ASX:HPI), following completion this week of the Gregory Hills Hotel Sold by Andrew Jolliffe and Dan Dragicevich of HTL Property.
“The successful conclusion of the AUD$40mm Gregory Hills Hotel sale is illustrative of clear market functionality and positivity, lending itself to direct market activity” advised HTL Property Asia Pacific Director, Andrew Jolliffe.
“It separately speaks to the longevity and adaptability of an industry and its participants; including its expert lawyers and lenders” Jolliffe added.
“We look forward to sharing more examples of our clients and their respective advisors actioning strategies that will serve them well for the many years to follow” concluded HTL Property’s National Pubs Director, Dan Dragicevich.
"It has been a hugely prosperous five years for the industry, so many publicans we deal with are sitting on cash and do so with the added support and fire power of their banks" advised HTL Property’s National Pubs Director, Dan Dragicevich.
"We have real time examples of lenders issuing credit to publicans with proven track records and in respect of sound opportunities" "This may either be for new purchases or to draw down upon equity contained within their existing businesses in order to assist in renovations being undertaken during this time period" added Dragicevich.
"As an industry we would do well to remember that interest rates being obtained through the major banks are still at record lows, so strategically the time to conclude transactions remains compelling" commented HTL Property Asia Pacific Director, Andrew Jolliffe.
"Put simply, several contemporary examples of bona fide confidence backed by deliberate transactional activity exists in the sector, and if anything it has strengthened in line with the Federal Government's affirmative decision making and consequential reports of the positive impact social distancing measures have had upon containment numbers" concluded Jolliffe.
Similar to this:
McLarens Landing island asset sold by HTL Property
