ALH puts up seven QLD pubs for auction

Pub operator Australian Leisure and Hospitality Group is selling off several of its freehold interests in southeast Queensland. Seven of its pubs are set to go under the hammer, potentially reaping the hotelier - owned by Woolworths and Bruce Mathieson Group - up to $75 million. It is the first time ALH has offered any hotel assets for sale since Woolworths acquired the group in 2004. The move follows this week's $29.85 million sell-off of four Melbourne pubs, leased to ALH, by the listed ALE Property Group.

CBRE Hotels and Burgess Rawson negotiated the auction sales and a further three ALE-owned hotels in Brisbane are listed for auction next week.

The seven hotels being offloaded by ALH will go under the hammer individually on April 22. They include the Commercial Hotel at Nerang and Benowa Tavern on the Gold Coast, Imperial Hotel at Beenleigh, Australian National Hotel at Woolloongabba, Springfield Tavern at Camira, Warner Tavern at Warner and Kensington Junction Tavern at Crestmead.

Source: Courier Mail