The Comiskey Group has snared Eumundi’s historic Imperial Hotel and neighbouring HOLA boutique accommodation complex for a speculated price of nearly $20 million.
The freehold going concern deal for the property in the Noosa Hinterland, considered the Byron Bay of Queensland, comes 14 months after it was listed by Craig and Melissa Manley.
The transaction includes two bottle shops at Cooroy – about 10 kilometres away.
The Eumundi based vendors maintain a substantial property and business portfolio including eight McDonald’s restaurants, from Bundaberg to Gympie.
The 5581 square metre Eumundi holding, fronting Etheridge Street and Memorial Drive, includes a three level c1911 pub with multiple bars, a bistro, performance space and bottle shop.
There are also eight electronic gambling machine entitlements – though only one is in use (story continues below).
Lion will continue to manage a modern gin and vodka distillery.
HOLA includes 15 boutique rooms and a café.
“The opportunity to acquire such a high quality collection of well executed experiential hospitality assets was incredibly rare and our clients are to be commended for the clear commitment they have made to not only the profitable business unit they have expertly created, but also the contribution this suite of businesses has made to the broader Eumundi and Noosa Hinterland community,” HTL Property’s Brent McCarthy, who represented the Manleys with Andrew Jolliffe and Glenn Price, said.
In Brisbane, Comiskey Group, led by Robert, Paul and David Comiskey, own the Eatons Hill Hotel and Sandstone Point Hotel, in the Moreton Bay region, and are behind hotel and retail proposals at Dakabin and, on the Sunshine Coast, at Caloundra.
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