Quinn Hotels Acquires Archive Beer Boutique, Plans Multi-Million Dollar Makeover

Quin Hotels’ first major venture into Queensland promises to be a big one, with its $5-million acquisition of Archive Beer Boutique in tighly-held West End and its multi-million-dollar makeover plans for the venue.

Archive Beer Boutique’s leasehold was put on the market in 2021 with an expected price of about $5 million. The building comprises a bar, bistro and function rooms and a 2:00 am liquor license, plus the option of three detached bottleshops. It recently underwent a million-dollar makeover.

Jackson Quinn acquired the venue through a deal brokered by CBRE Hotels’ Paul Fraser and is reported to be near the expected price with its long-term lease having nearly 30 years tenure remaining.

“The tightly held nature of core West End entertainment establishments coupled with this asset’s size, scale, versatility and long tenure meant it was a compelling acquisition for the incoming owner,” Mr Fraser said.

“Given the abundance of infrastructure investment and projects currently underway in Brisbane combined with continued strong population growth and migration levels, we expect investor interest in inner-city offerings such as the Archive Beer Boutique to remain strong through 2023.”

The new acquisition follows Mr Quinn’s offloading of Ballina’s Australia Hotel last 2021 for $9.5 million. 

“I love Queensland and love Brisbane and I will be working closely with Green Finance Group on the next step we take here,” Mr Quinn said.

Archive Beer Boutique is a multi-level venue on a 1,335-sqm site at 100  Boundary Street within West End’s premier entertainment corridor. It has been operated by Kim Davies’ AusHotels for almost 17 years.

“We’re delighted that the new operator will take the Archive Beer Boutique to a new level while at the same time ensuring it will continue to a venue synonymous with offering the best craft beers in Australia,” Jim Davies said.

The new owner plans to invest in a multi-million-dollar makeover of the venue.

Published 11-February-2023