CBRE Hotels is expanding its hotel division with a new Management Rights service line following the appointment of Shane Mullins as a dedicated specialist in the field.
Mr Mullins, who has more than 10 years’ experience in the hospitality sector, will lead the new Management Rights business line, which specialises in the management and letting of strata titled units on the Eastern Seaboard.
Wayne Bunz, National Director of CBRE Hotels, commented on the team’s expanded capability; “We are extremely excited to welcome Shane to the team. Shane’s extensive knowledge in the management rights space further complements the comprehensive hospitality expertise of the CBRE Hotels team.
“Our recent focus on the Management Rights space is bridging a gap, which has not been filled in the past by any top tier agency firm.”
There are approximately 3,300 management rights businesses in Australia, of which 85% are located in Queensland. However, other states are increasingly recognising the value of this asset class.
“We have identified this as a real growth area and gap in the market, with Management Rights an increasingly sought-after asset class” Mr Bunz added.
Mr Mullins, who joins CBRE after 10 years with Resort Brokers, said the east coast market presented huge opportunity for a dedicated management rights service delivery.
“We can provide a fresh focus, new ways to market and grow within a very stable industry. I will also be focusing on the sale of all accommodation assets, including motels, pubs and caravan parks - across Queensland and Far North Queensland,” Mr Mullins said.
