Hotel Property Investment Ltd. | REIT Profile

Symbol: HPI
Exchange: ASX
Founded: 1981 (43 years)
HQ: Docklands, VIC, Australia
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel, Retail, Specialty

See HPI on Yahoo Finance

HPI owns a Portfolio of freehold pubs and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Coles group ("Coles") and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders. Approximately 95% of the income is earned from the hotel leases to Coles and ALH. The majority of the Leases to Coles are on similar terms. Coles provide approximately 95% of HPI's rental income. The remaining rental income is derived from Speciality Tenants leasing the On-site Specialty Stores. Specialty Tenants include a mix of franchisors and franchisees including 7-Eleven, Nightowl, Nando's, Subway, Noodle Box and The Good Guys. The Responsible Entity of the Trust is Hotel Property Investments Limited.