Gateway Hotel in Far North Queensland sold through Savills
The Gateway Hotel in the Far North Queensland town of Mareeba has been sold through Savills Hotels National Director Tony Bargwanna and Senior Executive Christian Tsalikis.
Hotel Cairns has been sold to a New Zealand-based family following an Expression of Interest campaign conducted by CBRE Cairns Managing Director Danny Betros and CBRE Hotels National Director Wayne Bunz.
Brisbane pub The Normanby Hotel leasehold sold to Pelathon
Pelathon Management Group has added Brisbane’s landmark The Normanby Hotel to its growing pub stable, who plan to close the pub for four months to undertake a full refurbishment.
Pelathon Management has acquired the Grand Hotel in Cairns and two adjoining sites for $8.5 million, in a deal negotiated by CBRE Hotels Director Paul Fraser and CBRE Cairns Managing Director Danny Betros.
"Pub buyers moving north into Queensland" - Power Jeffrey & Co, CBRE Hotels
Two leading Queensland pub brokers have noted strong interstate interest in pub and hotel assets in order to capitalise on attractive yields and Queensland's growing tourism sector.
'The Wickham' Hotel Brisbane Fortitude Valley sold off market for $14m
The freehold interest of The Wickham Hotel in Brisbane's Fortitude Valley has sold for $14 million to a private Sydney investor, representing a yield of 5.62%, a record for a freehold pub asset within Queensland over the past 10 years - brokered by Tom Gleeson of JLL's Hotels and Hospitality...
