Hotel Property Investments

HPI: XASX (AUS)
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Hotel Property Investments' Steady Growth Continues

Business Strategy and Outlook

A key attraction of Hotel Property Investments is favorable lease terms that provide predictable, growing rental income from long-term leases to Queensland Venue Co. QVC is a joint venture between supermarket giant Coles and private equity-owned Australian Venue Co. AVC manages the day-to-day operations of the hotels, with Coles needing the hotel licences to operate its liquor retailing business under restrictive Queensland laws. There is ongoing uncertainty around Coles' longer-term strategy regarding its liquor business following competitor Woolworths' decision to exit its liquor and hotel businesses.

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