Savills Hotels is pleased for our client, Eumundi Group Limited, on the successful sale of its premium portfolio, comprising five key assets across Queensland. The portfolio includes well-known venues such as the Ashmore Tavern on the Gold Coast, the Aspley Tavern, Aspley Central Shopping Centre, the Courthouse Hotel Murwillumbah, and the historic Plough Inn at Brisbane’s South Bank.
“This landmark transaction is yet another example of the strong momentum we are seeing across South-East Queensland, where demand for high-quality assets remains at an all-time high,” said Leon Alaban, Head of Hotels at Savills Australia and New Zealand.
“The appetite from buyers continues to be robust, reflecting confidence in the region’s growth and resilience. Additionally, Savills is set to announce several more sales throughout Queensland in the coming weeks, further reinforcing the strength of the market.” he said.
This acquisition strengthens Fortitudo’s growing portfolio, which already features prominent venues such as the QA Hotel in New Farm, Treetops Tavern in Burleigh, the Ambassador Hotel at Redcliffe plus other establishments. The addition of these asset is expected to be seamless, with the new ownership set to drive continued growth and operational success across the going concern assets.