12th October 2017 /
investment

The benefits of partnership

In September 2017, White & Partners, in partnership with JDA Hotels purchased the Allawah Hotel for $28 million. The Allawah Hotel represents the 6th hotel acquisition for White and Partners over the past three years.

In September 2017, White & Partners, in partnership with JDA Hotels purchased the Allawah Hotel for $28 million.

The Allawah Hotel represents the 6th hotel acquisition for White and Partners over the past three years. Our continued interest in the sector revolves around what we believe are strong fundamentals including:

  • Strong cash business with effectively no creditors
  • Albeit tightening, yields still above historic lows and well above more challenging sectors such as retail
  • Strong population growth in Sydney, especially in the Allawah catchment, compounded by no further competition and high barriers to entry (i.e. no new pubs)
  • The continued trend of people eating out rather than at home, and
  • The under-utilised nature of the airspace which can be developed.

Watch our Associate Director, David Mao discuss our strategy for the Allawah Hotel.