Woolworths Group Limited (ASX:WOW) acquired Pelican Waters Tavern from ALE Property Group (ASX:LEP) for AUD 10.8 million on April 1, 2021. The transaction is backed by ALH Group. Glenn Conridge sales director of Burgess Rawson Queensland stated that the hotels attracted strong bids from both local and interstate investors interested in picking up properties with a quality, long term tenant. ALE‘s Top Pub hotel in Morwell, Victoria, also was sold to a Queensland investor.

Woolworths Group Limited (ASX:WOW) completed the acquisition of Pelican Waters Tavern from ALE Property Group (ASX:LEP) on April 1, 2021.