Harvest Hotels launches $50m fund to buy South Australian pubs
A $50 million equity raise is behind the launch of regional hotel property portfolio manager Harvest Hotel’s latest fund which is looking to buy up large format pubs in suburban Adelaide.
The fund - Harvest Hotel’s third - will launch tomorrow, and marks the company’s expansion out of regional New South Wales and into the South Australian pub market.
Founded in 2014 by publicans Chris Cornforth and Fraser Haughton, Harvest Hotels operates $182 million worth of regional pub assets in NSW via Harvest Pub Funds 1 and 2.
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