HTL Sells Central QLD Hotel for Leading Pub Group

The NSW based O’Hara Hotel Group has traded out of the Parkhurst Tavern on the outskirts of Rockhampton, 24 months after acquiring the asset from long term owner Terry Morrow.

Having purchased in 2023, the inter-state group set about making some subtle changes; so as to make the venue more family friendly by adding a courtesy bus and focusing on good old fashioned country hospitality.

The O’Hara Group, which operates numerous venues, including iconic pubs, taverns, and hotels across NSW, enjoys a strong presence in both Sydney and Regional NSW.

The successful purchaser is a highly regarded independent pub group in Queensland, already operating a portfolio incorporating multiple hotels.

The deal was negotiated by specialist national brokerage firm HTL Property, by way of an off market, invitation only sales process; and managed exclusively by Queensland Director Glenn Price and National Director, Andrew Jolliffe.

“As has been highlighted by the number of sales across Queensland in FY25; purchasers from all states are willing to deploy more and more capital into the sector, as they strategically look to capitalise on the year-on-year growth the industry continues to achieve. This has resulted in larger regional centres, such as Rockhampton, which have enjoyed consistent population growth and multi-faceted economic drivers, continue to be highly sought after by astute industry identities” advised HTL Property Director, Glenn Price.

Situated immediately adjacent to the Woolworths anchored Parkhurst town centre, the Parkhurst Tavern operates as a well-rounded and full facility modern hotel offering. The popular pub is situated on in excess of 6700sqm* and is located 9km* from the Rockhampton CBD; with the popular hotel operating 36 gaming authorities (approved for 42) and enjoying a 4am gaming licence.

“This is the 15th significant hotel sold nationally at a consolidated basket value exceeding $500m in the past 8 weeks” added HTL Property Managing Director, Andrew Jolliffe.

“Whilst representative of certainly elevated transaction levels when compared to corresponding time periods, what isn’t surprising is the current market depth for investors wanting access to cross-border hospitality and tourism assets of increasingly amplified levels of value” Jolliffe concluded.

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