JLL Hotels & Hospitality Group is delighted to announce the sale of freehold going concern of the Lord Stanley Hotel, East Brisbane for a combined $20m.

JLL Hotels & Hospitality Group Senior Vice President Tom Gleeson handled the off-market divestment on behalf of Hotel Property Investments and Australian Venue Co capitalising on the strength of the Southeast freehold going concern pub market.

After several direct approaches both respective parties decided to exit the Lord Stanley Hotel discreetly and jointly with a sale to the Hakfoort Group. The divestment represents a premium for HPI with the passive freehold sale reflecting a 4.62% yield while the sale of the leasehold allows AVC to re-deploy capital to other strategic acquisitions.

“JLL are incredibly pleased to have assisted with the strategic divestment for both ownership stakeholders and congratulate them both. We are equally excited to see what the Hakfoort Group, who are renowned for breathing new life in assets, do with the Lord Stanley Hotel into the future” Mr Gleeson said.

Offering circa 5,500 sqm of freehold land within 5 kilometres from the Brisbane CBD and 1,500m from the Gabba, 40 gaming machines, function space, beer garden and significant underutilized footprint, the Lord Stanley supplies incredible foundations to re-position the asset in the lead up to the 2032 Brisbane Olympic Games.

“The Lord Stanley Hotel sale adds weight to the significant list of hotel transactions for 2022 thus far and provides both quantitative and qualitative evidence of the unfulfilled demand for Freehold Going Concern hotels within Queensland.” Added Mr Gleeson.

To request a sales analysis please contact the selling agent Mr Tom Gleeson of JLL via the below contact details.