ACF Regional Hospitality Fund to target over 10% ROE from inception
In July 2019 we launched this new fund with the aim of achieving returns above 10%. This will be done by diversifying across several properties purchased into this trust and through operational change, change of sales and marketing strategies and seeking to purchase assets below replacement value.
The first asset into his fund was the Coral Cay Resort in Mackay, an 82 room hotel which we settle in late August. We are currently doing DD on several other opportunities that meet the required investment benchmarks.
Facilimate Hotels delivering strong management experience to improve Asset growth.
Pacific Hotel Cairns is riding the Australian Tourism Boom and our investors are seeing an annual ROE above 17%.
Pacific Suites Canberra a constant performer.
Pacific Hotel Brisbane has a complete transformation and nominated for upscale hotel of the year in the industry Hotel Management awards.
