HPI owns a Portfolio of freehold pubs and associated specialty tenancies located throughout Queensland and South Australia.

The pubs are leased to the Coles group ("Coles") and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group.

HPI’s objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders.

Approximately 95% of the income is earned from the hotel leases to Coles and ALH.

The majority of the Leases to Coles are on similar terms. Coles provide approximately 95% of HPI’s rental income. The remaining rental income is derived from Speciality Tenants leasing the On-site Specialty Stores. Specialty Tenants include a mix of franchisors and franchisees including 7-Eleven, Nightowl, Nando’s, Subway, Noodle Box and The Good Guys.

The responsible entity of the Trust is The Trust Company (RE Services) Limited which is a professional trustee services provider.