Property Stocks Down Under 3 August 2022: Hotel Property Investments (ASX:HPI)

Hotel Property Investments: You can still raise a glass to this property market
Rising interest rates have hit many segments of the property market, but pubs are not one of them. Pubs rarely change hands, but would-be buyers have to pay up when they do. This is because of their long WALE, landlord favourable leases and high underlying land value. 2021 was a record year for pub transactions and 2022 is actually more of the same. One prominent broker, HTL, sold more pubs between mid-June and mid- July than any 4-week period in the country’s history (~$300m). And since the privatisation of Redcape, Hotel Property Investments (ASX:HPI) is one of the few options left on the ASX for investors wanting to play this segment.
Click here to read the previous edition of Property Stocks Down Under published 27 July 2022. For in-depth research reports or to keep up-to-date on the latest Stocks Down Under news see our parent company, Pitt Street Research, or follow us on Facebook and Twitter.
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