Processing timeline
23
days
Acquirer(s)
SGL HOTELS PTY LTD ABN - 74 627 068 526, SCHF PTY LTD ABN - 99 644 329 733
Target(s) or Vendor(s)
MPG FIVEWAYS PROP PTY LTD ABN - 45 688 881 101, MPG FIVEWAYS OP PTY LTD ABN - 53 688 880 828
Other parties
None listed
SGL Hotels Pty Ltd and SCHF Pty Ltd, part of the Star Hotels Group, acquired the freehold land and business assets of Fiveways Hotel Toowoomba, plus two adjacent residential lots, from MPG Fiveways Prop Pty Ltd and MPG Fiveways Op Pty Ltd. This expands the pub and liquor retail group's Queensland portfolio.
Star Hotels Group is an independently owned and operated pub and liquor retail group, primarily operating pubs along the eastern seaboard of Queensland and four venues in South Australia. It currently also operates several pubs in western Queensland, including in Stanthorpe, Westbrook, and Dalby, as well as a retail liquor store in Toowoomba under the Star Liquor brand. Under the acquisition, Star Hotels Group will acquire both the freehold land and business assets of Fiveways Hotel Toowoomba, as well as two adjacent freehold residential lots. Fiveways Hotel Toowoomba is currently closed to the public but previously operated as a licensed bar with food and gaming, as well as a drive-through liquor store. The two adjoining freehold lots are currently rented to private individuals. Post-acquisition, Fiveways Hotel Toowoomba will be integrated into the Star Hotels Group portfolio under its existing name.