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.
Tighter yields and limited stock lead pub buyers to broaden their horizons - CBRE Hotels
Pub yields are continuing to tighten across most Australian states as buyers seek out quality assets and value-add opportunities, according to CBRE’s latest Pub Trends report.
"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.
Logan pub 'Club Hotel Waterford' sold for $22 million to Charter Hall
Logan pub Club Hotel Waterford, a prominent Coles-leased hotel in South East Queensland, has been acquired by ASX listed Charter Hall for $22 million, representing a yield of 5.68%.
Economic stars align to drive growth in Queensland
Record levels of infrastructure investment in the Brisbane CBD and national-leading interstate migration are among the key growth drivers boosting Queensland’s economy to its strongest position in several years.
North Queensland investment to rise with the Cairns Global Tourism Hub
Investor confidence is growing in the government’s proposal for a Tropical North Global Tourism Hub with multiple national and international firms at the centre of the next phase of consultation, with the Cityport precinct near the expanding Convention Centre being the preferred development site...
Club Hotel Waterford for sale in Brisbane growth corridor
The freehold of Club Hotel Waterford has been listed for sale, providing an opportunity to secure a long-leased investment property in one of Brisbane’s fastest growing corridors.