There is no doubt the COVID 19 pandemic has pieced the tourist bubble in Australia. This has led to rising unemployment and the closing of many businesses. Accommodation resorts and Hotels have been hit hard by lack of international tourists and domestic State border closes. People are not traveling!
Investors cashed-up can capitalize on the lower investment now available in accommodation enterprises. And many hotels and resorts are looking to sell off-market.
GEA has bee approached by several major hotels and resorts in Queensland and NSW wishing to sell off-market. It is a good time to bring sellers and buyers together.