Australian Venue Co. acquisition of SE QLD Pub Portfolio

Australian Venue Co. has acquired the leaseholds of ten venues from the Hallmark Hospitality portfolio.

These venues include The Cavill Hotel, Finn McCool’s Brisbane & Gold Coast, The Lord Alfred, Sandbar, Lefty’s Music Hall, Retro’s Brisbane & Gold Coast, Hey Chica and Enigma. As part of the agreement, the existing teams will continue to operate the venues alongside Australian Venue Co.

“Hallmark Hospitality is proud of the exceptional brands and experiences our team have cultivated over the years. Each venue, from the vibrant atmosphere of Lefty’s Music Hall to the welcoming charm of Finn McCool’s, holds a special place in the hearts of our local communities. We are confident that under the stewardship of Australian Venue Co., these venues will continue to thrive. Our dedicated team, who have been the backbone of these successful operations, will remain in place to continue delivering the high-quality service and memorable experiences our patrons expect.” commented Hallmark Group Director, Scott Hempel.

“With venues across Brisbane and the Gold Coast, the Hallmark Hospitality team has developed some exceptional brands and venue experiences that are well-loved within the local communities. We have admired some of these renowned establishments for some time. From the high-energy Lefty’s Music Hall on Caxton Street to the traditional Finn McCool’s Irish pubs in Brisbane and the Gold Coast, each of the Hallmark Hospitality venues delivers a unique and memorable experience for local customers. We look forward to working with the existing teams, who will stay on and continue to operate the venues. Australian Venue Co ” commented Australian Venue Co. CEO, Paul Waterson.

“Both Alex Jordan of Deloitte and HTL Property are delighted to have coordinated the sale of this unique and highly profitable portfolio of South East Qld businesses” advised HTL Property Managing Director, Andrew Jolliffe.

“The deal sees Hallmark duly rewarded for its construction of a market leading suite of hospitality assets, and AVC continue to expand their impressive operations into what remains a hugely fragmented market nationally” Jolliffe concluded.

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