Boston Managed Investments Limited (ACN 165 345 675) (AFSL 469808)
Phone: 1300 668 699

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Hotel Salisbury Investment Fund

The Hotel Salisbury Investment Fund Unit Trust (HSIF) will support the acquisition of the real property of the Salisbury Hotel, Stanmore, the benefit of appropriate gaming and liqueur License’s and Entitlements by The Stanmore Property Trust (TSPT). The Salisbury Hotel at Stanmore has recently been upgraded by the expenditure of more than $3.5 million to provide an improved customer experience, an increase of gaming machine entitlements, and a complete renovation of the unutilised accommodation facilities.

The Dore/Larkin Family management of The Salisbury Hotel has embarked on a program to shift the focus of the business from exclusively gaming revenue to a more balanced model which engages a wider cross section of the local community. Boston Managed Investments Limited has been retained by exclusive mandate to establish the HSIF. The HSIF will provide an invitation to external investors participate in a program to generate both an income style return and committed capital growth.

Anticipated average annual return over the 3-year period is expected to be approximately 13.27% p.a (including approximately 6.50% p.a coupon payment and 6.00% p.a compounding capital uplift). The opportunity presented here is in support of the desire of the existing management of the Hotel, being the Dore/Larkin Family, to transition to 100% ownership of an asset with which they are intimately familiar. The Dore/Larkin Family are embarking on a 3 year program to reap the benefits of their input into the renovations and upgrades that have been carried out.

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FundHotel Salisbury Investment Fund
TrusteeBMIL Nominees Pty Ltd
ManagerBoston Managed Investments Limited (AFSL 469808)
Investor TypeWholesale/Sophisticated/Institutional
StatusActive
Inception01/06/2019
Minimum Investment$200,000
Unit Value$1.00
Last quarter return after feesN/A
Coupon PaymentsPaid monthly in arrears
DRP Available?N/A
Fund Return ProfileHigh
Income Return RiskLow
Capital RiskLow
Closed DateN/A
FundHotel Salisbury Investment Fund
TrusteeBMIL Nominees Pty Ltd
ManagerBoston Managed Investments Limited (AFSL 469808)
Investor TypeWholesale/Sophisticated/Institutional
Inception01/06/2019
StatusActive
Minimum Investment$200,000
Unit Value$1.00
Asset Size$3,000,000
Number of Investors10
IM Version & Dates16 May 2019
Entry/Exit FeesNIL
Management FeesNIL
Performance FeeNIL
Expected Asset Life3 Years
Target Return13.27% - p.a. over 3 years
Capital Growth6% p.a.
Coupon PaymentsPaid monthly in arrears
Last quarter return after feesN/A
DRP Available?N/A
Fund Return ProfileHigh
Income Return RiskLow
Capital RiskLow

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