December 1, 2022

Operating leasehold in Sydney’s Q Station sold to local interests

Sydneys contemporary and special Q Station hotel and attraction has been sold, with the operating leasehold selected up by regional business owner Glenn Piper– owner of the neighboring Harbord Hotel at Freshwater Beach.

” This is an exceptionally unique property and I am definitely delighted to be offered the chance to run Q Station and improve its offering,” Piper stated of his acquisition.

” Given the timing of the offering through NSWs harshest lockdowns, it was unbelievable to see the level of confidence from the market.”

Q Station is located at Manlys North Head and features a 105-room hotel and personal beach fronting Sydney Harbour as one of numerous expansive occasion venues and dining outlets. The leasehold sale was negotiated by Tom Gibson and Vasso Zographou of CBRE Hotels in addition to Andrew Jackson and Nic Simarro of HTL Property.

One of the dining locations readily available at Q Station.

” The sale of Q Station is a great example of the resilience of Sydneys hotel financial investment market and the continued interest in institutional grade tourism possessions,” stated CBRE Hotels Tom Gibson.

” Theres no doubt the nature of the offering with a hospitality and tourist focus appealed to all financier types,” HTLs Andrew Jackson included.

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 bid was among 13 gotten in addition to more than 250 authentic queries.

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