Hotel Property Investments Ltd (ASX:HPI) exchanged contracts to acquire Magnums Tavern Hotel from Aussie Leisure Group for AUD 17.5 million on December 22, 2014. The transaction is expected to be completed by January 2015. Andrew Jolliffe of Ray White Hotels Australia acted as broker for the transaction.

Hotel Property Investments Ltd (ASX:HPI) completed the acquisition of Magnums Tavern Hotel from Aussie Leisure Group In January, 2015.