11 Oct 2018

The Australian - Elanor Investors Group picks up six hotels for $103m

By Ben Wilmot, Commercial Property Reporter

The listed Elanor Investors Group has finalised a major hospitality acquisition, picking up a portfolio of six Australian hotels for $103.9 million that will go into its specialist unlisted vehicle. 

The Elanor Metro and Prime Regional Hotel Fund, set up last year to acquire high-yield hotels with expansion or alternative use potential, had acquired the properties from another Elanor-run vehicle. 

Elanor has also struck up a strategic partnership with motoring Group NRMA to co-invest along with other investors int he fund, positioning it to grow. 

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