Star Group has doubled down on its Queensland expansion strategy by acquiring Rydges Mackay Suites and the Mackay Central Retail Centre.

The group, Queensland's largest independently owned and operated pub and liquor retail group, recently acquired the Rydges Gold Coast Airport Hotel. Star Group’s portfolio now comprises 51 licensed venues, over 115 retail liquor outlets, and eight accommodation venues across Queensland.

In its latest foray, it has turned its focus to the fast-growing Mackay market in a deal facilitated by CBRE Hotels National Director Wayne Bunz on behalf of Richard Pegum and Geordie Clark.

Mr Clark said, “On behalf of Richard and myself, we would like to sincerely thank Wayne for his unparalleled professionalism and dedication throughout the sales process. His expert guidance and tireless efforts were instrumental in achieving this successful outcome. CBRE Hotels truly exemplify market leadership in this space.”

Mr Bunz noted, “The acquisition represents a strategic addition to Star Group’s expanding portfolio, blending the appeal of a flagship hotel with a dynamic pub operation and strong-performing retail space. It ticked all their boxes,” 

“The off-market transaction further underscores the demand for diversified and well-located assets in flourishing regional markets.”

Rydges Mackay Suites offers 90 well-appointed rooms, two bars, a contemporary restaurant with footpath dining, and a dedicated gaming room featuring 35 electronic gaming machines (EGMs).

The hotel also features an indoor swimming pool, gymnasium, and three versatile conference and meeting spaces, appealing to both business and leisure guests.

The adjoining Mackay Central Retail Centre offers 800sqm of lettable area and is currently leased to four tenants, providing a solid and diversified income stream.

Mr Bunz said the retail component enhanced the overall value of the asset, complementing the hospitality offerings with a mix of tenants.

“Both properties enjoy an advantageous location in Mackay’s CBD, offering excellent visibility and accessibility with high vehicular and pedestrian traffic. Given they are within one of the city’s most active precincts, the assets are poised to benefit from the region’s robust growth, fueled by over $14 billion in ongoing government infrastructure projects,” Mr Bunz noted.

“These developments are projected to drive economic expansion, job creation and a population increase, ensuring the region’s long-term viability.”

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