White and Partners had the pleasure of hosting some of our key partners at our annual White and Partners Leadership Academy. The event was hosted by Professor Boris Groysberg, a tenured professor of business administration at the prestigious Harvard Business School.
In March 2017, White & Partners acquired the General Gordon Hotel at a yield of 10.3%, significantly below comparable market prices. The discounted price reflected the discrepancy between the hotel’s licensed trading hours (3am) and the Council’s approved trading hours (midnight).
As expected, Sydney remains the standout performer for Q1 2017 with an increase in the median house price in excess of 8%p.a. and growth in sales volume of 2.0%. The gap between Sydney and Melbourne’s median house price has never been so large.
Positioned on 18,740m2 of land on a major arterial road in Brisbane, the Acacia Ridge Hotel offered an opportunity loaded with potential. Teaming up with Monarch Hotel Management (MHM), White & Partners acquired the Property in December 2016 for $25.6 million