” Theres no doubt the nature of the offering with a hospitality and tourist focus appealed to all investor types,” HTLs Andrew Jackson included.
One of the dining places available at Q Station.
” This is an extremely special possession and I am absolutely thrilled to be offered the chance to run Q Station and improve its offering,” Piper said of his acquisition.
” Given the timing of the offering through NSWs harshest lockdowns, it was amazing to see the level of confidence from the market.”
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Sydneys modern and distinct Q Station hotel and destination has actually been offered, with the operating leasehold got by regional businessman Glenn Piper– owner of the close-by Harbord Hotel at Freshwater Beach.
Piper will take over the operating lease of the site from current owners Mawland, based on the approval of the National Parks and Wildlife Service. The effective quote was one of 13 received along with more than 250 authentic queries.
Q Station lies at Manlys North Head and includes a 105-room hotel and private beach fronting Sydney Harbour as one of lots of extensive event venues and dining outlets. The leasehold sale was worked out by Tom Gibson and Vasso Zographou of CBRE Hotels together with Andrew Jackson and Nic Simarro of HTL Property.
” The sale of Q Station is a terrific example of the resilience of Sydneys hotel financial investment market and the continued interest in institutional grade tourist properties,” said CBRE Hotels Tom Gibson.
