Hotel Property Investments Ltd (ASX:HPI) exchanged contract to acquire The Wallaby Hotel in Mudgeeraba from Premium Custody Services Pty Ltd for AUD 9.5 million on December 22, 2014. In a related transaction, Hotel Property exchanged contract to acquire Magnums Tavern Hotel from Aussie Leisure for AUD 17.5 million on December 22, 2014

Hotel Property Investments Ltd (ASX:HPI) completed the acquisition of The Wallaby Hotel in Mudgeeraba from Premium Custody Services Pty Ltd on January 18, 2015.