We are pleased to announce that Hotel Property Investment (ASX:HPI) has completed a $30 million institutional placement to fund new acquisitions of $60 million.

Hotel Property Investments is the owner of 43 pub and accommodation assets, 41 leased to Queensland Venue Co (QVC). QVC is a joint venture between Coles and Australian Venue Co (AVC) established in March 2019. As part of the joint venture AVC manage the pub and hotel business and Coles the packaged liquor business.