Leading agents Nic Simarro, Glenn Price, Brent McCarthy and Andrew Jackson from national specialist brokerage firm HTL Property have negotiated the sale of Brisbane’s luxury Gambaro Hotel to the Australian Rugby League Commission.
The 68 room Caxton St hotel has been acquired by the NRL’s controlling body following the implementation of a strategy to invest in hard yielding assets; in order to provide a strengthened balance sheet to foster, develop, extend and provide adequate funding so as to underwrite the future of the code.
The deal, exclusively arranged by HTL Property’s Brisbane and Sydney offices, sees the highly regarded Gambaro family provide on-going operation of the property and businesses on an exclusive basis with the ARLC.
Extensively refurbished and re-opened in 2014, the hugely popular luxury hotel, bar and dual restaurant operation (Gambaro Seafood Restaurant) is an iconic feature on Caxton St; and as such enjoys year round trade as well as being the preferred place to stay during major events at the nearby Suncorp Stadium.
