TAHL was formed in 1993, listed on the ASX in 1996 and subsequently privatised in 2002.
TAHL has established itself as an independent, investment company, specialising in hotel assets. Whilst we are the largest owner of hotel assets in the region, our strategic strength and focus is on the budget to mid-scale hotel market. Accor is currently the sole operator of our assets.
We have cornerstone assets in the key capital cities in Australia, with a current preferred weighting towards Sydney. The portfolio also contains attractive Australian regional assets, such as those in North Western Australia to take advantage of the burgeoning growth in the resources sector. Please refer to the Portfolio section for further detail.
TAHL has purposely structured its portfolio mix to meet the investor needs of both stability and growth. TAHL has a truly unique platform, with the largest triple net lease hotel portfolio in the Asia Pacific region. As well as providing stability, that leased portfolio also allows TAHL shareholders to participate in any operating upside of those hotels. TAHL also has a portfolio of Managed assets, that further enhances our operating exposure to the hotel market.
TAHL currently has no development risk at all in its portfolio, having completed 5 new assets over the last 5 years.
In March 2010, TAHL recapitalised to further consolidate its stable capital structure for the medium term.
With already very high market occupancy rates and a significant lack of forecast hotel supply , TAHL is uniquely positioned to capitalise on the expected rate growth and asset opportunities over the coming years.