The Archive Beer Boutique in Brisbane’s West End has been sold by AusHotels’ Jim Davies to Jackson Quinn of Quinn Hotels, in a deal brokered by CBRE Hotels.
The deal marks the first Queensland purchase for Quinn Hotels, adding a versatile, multi-level venue, which is positioned on a large 1335sqm block on Boundary Street to the group’s portfolio.
CBRE Hotels’ Senior Director Paul Fraser, who brokered the deal on behalf of the vendor, said: “The tightly held nature of core West End entertainment establishments coupled with this asset’s size, scale, versatility and long tenure meant it was a compelling acquisition for the incoming owner.
“Given the abundance of infrastructure investment and projects currently underway in Brisbane combined with continued strong population growth and migration levels, we expect investor interest in inner-city offerings such as the Archive Beer Boutique to remain strong through 2023.”
Quinn Hotels said it is seeking to establish the venue as a key Brisbane entertainment offering.
“I love Queensland and love Brisbane and I will be working closely with Green Finance Group on the next step we take here,” Quinn said.
Commenting on the sale, Davies added: “We’re delighted that the new operator will take the Archive Beer Boutique to a new level while at the same time ensuring it will continue to be a venue synonymous with offering the best craft beers in Australia.”
The venue recently underwent a mullion-dollar renovation of its ground floor and Quinn Hotels inherits a long-term lease with nearly 30 years of tenure remaining.