Compass Hotel Group
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Compass Hotel Group (ASX: CXH) is a stapled A-REIT which is one of the largest owners of hotel and tavern properties in Western Australia.
The Initial Public Offering (IPO) of Compass Hotel was in 2007. It owns at least 13 pieces of property.
Compass Hotel Group Property Portfolio:
Kalamunda Hotel 43 Railway Road Kalamunda WA 6076; Carine Glades Tavern 493 Beach Road Duncraig WA 6023; Princess Rd Tavern 92 Princess Road Balga WA 6061; Peninsula Tavern 223 Railway Parade Maylands WA 6051; Brighton Hotel 8 Mandurah Terrace Mandurah WA 6210; Peel Alehouse Lot 3 Guava Way Halls Head WA 6210; Belmont Tavern 174 Wright St Cloverdale WA 6105; Herdsman Lake Tavern 33 Herdsman Pde Wembley WA 6014; Albion Hotel 535 Stirling Highway Cottesloe WA 6011; Gosnells Hotel 2149 Albany Highway Gosnells WA 6110; Greenwood Hotel 349 Warwick Rd Greenwood WA 6024; and Lakers Tavern Murdoch Road Thornlie WA 6108.
I cannot think of any U.S. real estate investment trust which invests in bars (except the kind that come with hotels), so it's interesting to find this kind obviously accepted and probably profitable in Australia.
Therefore, Compass Hotel Group Property should profit so long as Australians drink a lot of wine.
Next: DEXUS Property Group -- large owner of properties in Australia, New Zealand, Europe and North America
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