Following the acquisition of five Qld hotels by Redcape in the past three months, including the Saltwater Creek Hotel (Helensvale), The Prince Consort Hotel (Fortitude Valley), Commercial Hotel (Redbank Plains), Lucky Tree Tavern (Durack), and The Willow Hotel (Moorooka), HTL Property congratulates Redcape on the acquisition of the newly built Flagstone Tavern in Brisbane’s bustling South-West development corridor.

In an off market deal negotiated by HTL Directors Glenn Price, Dan Dragicevich and Andrew Jolliffe, Redcape has continued its very deliberate reinvestment of capital strategy, announced following the MA Redcape Hotel Fund’s sale of both the Cabramatta Hotel and El Cortez Hotel in Sydney through HTL Property late last year.

Chris Unger, Managing Director of MA Redcape Hotel Fund, said: “The acquisition of the Flagstone Tavern is a continuation of our strategy to expand our presence in key growth markets and to increase the Fund’s distribution whilst providing long-term value for our investors. Flagstone is a rapidly developing community, and we see strong potential for the team to further integrate the venue into the fabric of the area as it grows.

“As we continue to optimise our portfolio, we remain focused on identifying assets that align with our investment strategy and operational strengths.

“We are very excited about the recent acquisitions we have successfully completed and what they present to the Fund as we continue to execute on our strategy. Supported by strong trading results in our pubs and these capital management initiatives, we have further upgraded our distribution guidance for investors,” said Unger.

“We’ve continued unearthing high quality acquisition opportunities in Qld for Redcape, and others, and reconfirm our view that 2025 will be a year where the activity focused around the Sth East of Qld augments to other areas within the state; including the Far North and Western Districts” advised HTL Property Director, Glenn Price.

The sale of the Flagstone Tavern by HTL Property so early in the new calendar year, illustrates the momentum created by the raft of sales conducted nationally in the last 10 weeks of calendar year 2024.

“Our successful sale of this significant and newly built hotel best highlights our considered view, being a continuation regarding the distinct theme and cadence of capital deployment by key industry actors extending beyond the primary market of NSW” advised HTL Property Managing Director, Andrew Jolliffe.

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