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Seaford Hotel, Adelaide - Transaction was executed within six weeks of appointment

February 2013 - The vendors were national portfolio hotel owners, who were looking to sell-down a number of non-core assets to provide equity back into their structure for business expansion.
 
With a particular expertise in hotel operation the client in particularly valued releasing capital tied up in property investments so that they could churn the equity back in to their hotel business network. The Hotels & Hospitality Group was appointed to offer a number of their assets for sale across two states to realise this.

Although offered for sale with vacant possession, the Hotel was sold on a ‘sale and leaseback’ basis providing the vendor with a long-term leasehold interest in the business and releasing dormant capital from the underlying property for their strategic business use. The mandate was received late in Q4 and the transaction was executed within six weeks of appointment.
 
Client testimonial:
“It was a testimony to the Hotels & Hospitality Group’s negotiation and transaction flexibility that they could generate the ideal sale and leaseback outcome for us out of an initial vacant possession mandate.”

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