HTL Property Sells Award Winning Brisbane Hotel to the ARLC

Leading agents Nic Simarro, Glenn Price, Brent McCarthy and Andrew Jackson from national specialist brokerage firm HTL Property have negotiated the sale of Brisbane’s luxury Gambaro Hotel to the Australian Rugby League Commission.

The 68 room Caxton St hotel has been acquired by the NRL’s controlling body following the implementation of a strategy to invest in hard yielding assets; in order to provide a strengthened balance sheet to foster, develop, extend and provide adequate funding so as to underwrite the future of the code.

The deal, exclusively arranged by HTL Property’s Brisbane and Sydney offices, sees the highly regarded Gambaro family provide on-going operation of the property and businesses on an exclusive basis with the ARLC.

“We are delighted with the sale of our hotel after operating on Caxton St for over 60 years, and as a family we are equally as excited about the prospect of working with the ARLC in order to continue and grow the operation” advised Vendor John Gambaro.

Extensively refurbished and re-opened in 2014, the hugely popular luxury hotel, bar and dual restaurant operation (Gambaro Seafood Restaurant) is an iconic feature on Caxton St; and as such enjoys year round trade as well as being the preferred place to stay during major events at the nearby Suncorp Stadium.

“Brisbane is enjoying wide scale investor focus given the many infrastructure projects underway, and the materiality of the both the Olympics and Women’s World Cup Football events (as well as the regularity of new NRL franchise the Dolphins home games) to be hosted here in the not too distant future underpins downstream revenue” commented HTL Property Director, Glenn Price.

“The ARLC were very focused upon acquiring an asset which could in and of itself independently trade profitably over a sustained period, but importantly also one which could enjoy the benefits of new revenue creation following the activation of many levers the ARLC has at its disposal” added HTL Property Director, Nic Simarro.

HTL Property would not disclose the purchase price paid by the ARLC, other than to confirm price point consistency with significant assets promoting similar earnings profiles and prime commercial property holdings.

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GAMBARO MEDIA STATEMENT
ARLC ACQUIRES GAMBARO HOTEL BRISBANE AND GAMBARO EXCLUSIVE FOOD AND BEVERAGE ALLIANCE WITH NRL

Gambaro Group are pleased to announce the Australian Rugby League Commission (ARLC) has acquired the Gambaro hotel and restaurant facility in Brisbane.

Gambaro’s have secured an exclusive long-term hospitality partnership with the ARLC and the family will continue to operate the hotel, food and beverage facilities to take advantage of their successful 65 year, award winning brand into the future.

The ARLC has invested in the Gambaro’s hotel and restaurant as it is focused on strengthening its balance sheet with stable, secure investments that provide steady income and long-term capital growth.

The hotel and restaurant are ideally situated for the NRL, just 300 metres from Suncorp Stadium. Suncorp Stadium hosts both the NRL and NRLW Brisbane Broncos Home games, eight of the Dolphins home matches from 2023, Men’s State of Origin and Magic Round.

The NRL are committed to upgrading the Restaurant, Bar, Function and Hotel amenities with the potential to expand the facility with some exciting new Food and Beverage outlets.

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