Hotel Resort Sales follows up with a successive major sale to Meriton for another three management rights towers in Newstead.
Hotel Resort Sales has once again demonstrated its leading position in the management rights industry, completing a second significant multi-tower transaction with the Meriton Group. Following the high-profile sale earlier this year, Hotel Resort Sales has successfully facilitated the acquisition of another three premium management rights businesses in Brisbane’s vibrant inner-city suburb of Newstead.
The latest transaction, acquired from Apax Realty Pty Ltd, includes the prestigious Newstead Central – St Tropez & Laguna, as well as Capri complexes. This acquisition builds upon Meriton’s expanding footprint in Brisbane’s thriving residential and investment market and complements its previous three-tower purchase in July, also brokered by Hotel Resort Sales.
“This acquisition strengthens Meriton’s growing presence in Brisbane’s vibrant residential market and complements our recent three-tower management rights purchase in Newstead. We’re committed to delivering long-term value for both investors and residents at Newstead Central and remain actively focused on securing similar high-quality opportunities across Queensland,” said Jon Elliott of Meriton.
In total, this represents six major inner-city Brisbane management rights businesses purchased by Meriton through Hotel Resort Sales within just the past four months, a clear indication of the group’s strong confidence in the Brisbane market and in the management rights model.
Hotel Resort Sales Owner Craig Johnson commented, “We’re proud to once again partner with Meriton on another landmark transaction. The demand for large-scale, high-quality management rights opportunities continues to remain exceptionally strong, particularly from institutional and high-net-worth investors seeking secure, long-term income streams and exposure to premium assets.”
For management rights owners considering selling, now could be an opportune time. Market demand for substantial permanent and holiday complexes remains robust, particularly among large-scale buyers actively seeking quality assets in key metropolitan and coastal locations.
Hotel Resort Sales is perfectly positioned to assist you in achieving outstanding results. If you are contemplating the sale of your management rights business, contact the team at Hotel Resort Sales today.
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