HTL Confirms Sale of Another NSW Regional Centre Pub

HTL Property is delighted to announce the successful sale of the Vandenberg Hotel in Forbes, NSW.

The transaction was exclusively brokered following an extensive marketing campaign led by Ben
Kennedy and Xavier Plunkett of HTL Property, and on behalf of the Gunn Family; who have deep roots in
the region. The Purchaser is a new entrant into the hotel industry, looking to build on the existing strong
foundations the asset enjoys; and to further create a community-focused venue.

The Vandenberg Hotel, a charming and traditional-style establishment, boasts a wide range of features,
including a public bar, a commercial kitchen, a large dining area, an expansive beer garden, a café, and 14
pub-style accommodation rooms. Additionally, the property includes a manager’s residence and an
underutilized 3am trading licence offering further potential for growth.

“The Vandenberg Hotel is our 2nd sale in the region announced to the market in the last 2 weeks, together
with the sale of the Cambridge Hotel in Parkes. Accordingly, we are seeing increasingly strong demand
from buyers in the Central West Region of NSW. Assets that present upside via operational improvements
and the increase of trade through the introduction of new revenue streams” noted HTL Property’s Ben
Kennedy.

“Forbes is a very strong regional economy, located approximately 375 kilometres west of Sydney in the
Central West region of New South Wales. Primary economic industries are agriculture, manufacturing and
construction which drive a significant Gross Regional Product (GRP) of $595 million, which has been
increasing consistently over the past decade” offered HTL co-agent Xavier Plunkett.

“The incoming Purchaser is well-positioned to capitalise on the growing demand for accommodation in
Forbes, especially from travelers and contract workers. With its prime location in the heart of the city and
an underutilised 3am licence, the Vandenberg Hotel is poised to benefit from the many underlying
desirable trading characteristics of the asset; as well as a flourishing local economy” concluded Kennedy.

The sale of The Vandenberg Hotel is a significant vote of confidence in the NSW regional pub market.
Reiterating the notion that the Central West has always been a prosperous region for high-quality regional
pub ownership.

End.