Management Rights

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The Management Rights Market (Page 10)

Buying Management Rights, Selling Management Rights, market outlook, etc

In: General Interest, The Management Rights Market

Contributed By: Nick Buick on

When you’re in the market for Management Rights, the best place to search is TheOnsiteManager.com.au, I don’t just say that because I own the site, it really is the only website in the country that  has every single listing, from every single broker in the industry, all located on one super-fast and easy-to-use website. You can search a wide range of parameters to nail down exactly the listings you’re interested in, and short-list these for closer review, or enquire straight away, directly with the broker. We have relationships with many of the nation’s top data aggregators who have built a specialised XML structure exclusively forRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Courtesy of our friends at the Urban Dictionary I have unearthed what I believe to be the definitive description of this month’s bulletin title:  Crash and Burn : to come to grief or fail spectacularly. If you are an industry professional active in the management rights industry I suspect this description may resonate with you.  Our own observations and feedback from the coal face suggests that deals have never been harder to hold together with many “surprises” along the way. Why is it so? Let’s have a look at the key moving parts, the accepted best practice processes and see if we can identify someRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: Bonnie Tai of SpiceNews.com.au on

W Hotels, part of Marriott International, is set to open the first five-star hotel in Brisbane’s central business district in two decades. Located at 300 George Street, W Brisbane will mark the re-entry of the W brand into Australia, with room bookings to commence in November 2017. The new hotel will offer 312 rooms, including 29 suites, many with stellar views across Brisbane River to South Bank and Mount Coot-tha. For meetings and events, approximately 1,100 square metres of flexible spaces, fully equipped with the latest AV facilities, will be on offer. There will also be three onsite venues to eat, mix and mingle. WRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

After last month’s bulletin (some said rant but no offence) regarding bank lending and personal responsibility we received quite a lot of feedback.  Most was based around misconceptions of how lender security works with suggestions that we need to drill down and provide some detail.  Given that books have been written on this subject any brief summary will, of necessity, only skim the surface. I should also point out that I am going to talk about a variety of security arrangements in very general terms and borrowers should always seek independent advice to ensure they fully understand their obligations. So, without further ado, here goes!Read More →

In: Body Corporate, Legal, The Management Rights Market

Contributed By: Hynes Legal on

Bush lawyers abound out there in strataland. Someone heard from someone else that someone did something or got something and then that becomes the rumour that bounces around endlessly becoming the little spot fire that we then need to put out individually with clients when they ring to ask us: ‘I got told THIS — can we do that too?’ Valuers have it worse though. ‘So and so down the road got 5.6 times for their business so that means mine is worth 5.8 times.’ Leaving aside it was never contracted at 5.6 times in the first place, usually what has happened is the accountantRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Resort Brokers on

A PRIME Port Macquarie CBD riverfront accommodation property holding has changed hands in a landmark deal that underlines the rising tourism-related investment appetite for the Mid North Coast. Local development companies Lloyd Coastal Property and Bannister Constructions have sold the Palm Court Motor Inn, which they’ve owned in William Street since 1989, along with the management rights and 21 units in their adjacent 2007 development, Mantra Quayside, to a single buyer. The ‘hybrid’ deal negotiated by James Carrick of national accommodation specialists, Resort Brokers Australia, sees control of the key gateway precinct pass to an undisclosed private buyer from the Mid North Coast region. MrRead More →

In: The Management Rights Market

Contributed By: Resort Brokers on

BIGGERA WATERS apartment complexes Harbour Quays and East Quays have joined the super league of Gold Coast management rights, with their caretaking and letting businesses and associated real estate selling in one line for close to $13 million. A syndicate of 10 local investors has bought the 363-unit Harbour Quays and 300-unit East Quays management rights portfolio in an off-market deal secured by Resort Brokers Australia for developer Emandar Group. Agent Alex Cook confirmed earlier reports that the sale price for the 10-building operation was in the $12 – $13 million range, including seven apartments and eight offices. “With 663 apartments in 10 buildings acrossRead More →

In: Events, The Management Rights Market

Contributed By: Nick Buick on

Tuesday, August 15, 2017 6:30 PM to 9:00 PM Fishburners 155 Queen St, Brisbane City QLD 4000, BrisbaneFishburners is in the Zara building, but entrance is through the building next door (“Regent”). There will be an event attendant helping you with directions in front of it. About Our business events: Our business events provide members an opportunity to build business networks and exchange ideas in a relaxed social setting. We welcome both Chinese and Australian entrepreneurs to join us！Attendees at our events are warm, positive, career-driven and love to meet new people. Cold beer for early arrivals Dress code: smart casual. Event schedule: 6.30-7pm Business Networking 7-8pm GuestRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

Resort Brokers Australia has added two new brokers to its Queensland ranks, taking the agency’s growing national network of specialist brokers to 37. The two latest appointments, Todd Warner on the Gold Coast and Arron Bailey on the Sunshine Coast, follow significant recent expansion moves in Victoria and South Australia. Catering for management rights demand growth on the Gold Coast and Sunshine Coast, Resort Brokers has welcomed two sales professionals from former senior management roles with the world’s largest family-owned spirits company, Bacardi Martini Australia. Todd Warner, an experienced sales professional with a proven track record of leadership in the liquor and construction industries over some 25 years, will handle managementRead More →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

MR Sales are pleased to welcome two new members to their team of experienced brokers in Brisbane. Tony Mancuso and Lyn Pearsall will be joining Greg Jorgensen in Brisbane listing and selling management rights. With 25 years in the Brisbane building industry, as both a builder and developer, Tony Mancuso was heavily involved in the establishment of body corporate schemes and community management scheme statements. Tony also has a financial interest in two manufactured home parks in Victoria and New South Wales, giving him a grass roots understanding of the industry. Tony has been involved in the management rights industry for over 10 years havingRead More →

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