Glen Cummins has been appointed to lead Knight Frank’s new Accommodation and Hospitality service line in Townsville and Mackay.
The Announcement:
Knight Frank’s Townsville and Mackay offices have expanded their service offering, with a new Accommodation and Hospitality service line in response to industry demand.
Glen Cummins has been appointed to head up the new service line, in the role of Sales and Leasing Executive, Accommodation and Hospitality.
With more than 20 years’ sales experience Mr Cummins knows the Townsville and Mackay region and community well, after previously covering a sales territory north from Townsville to Innisfail and west out to Richmond and Winton.
Knight Frank Senior Partner Townsville and Mackay Craig Stack said the new service line in Townsville and Mackay affirmed Knight Frank’s commitment to providing more services and opportunities to their clients.
“Knight Frank has always had an intimate understanding of the Accommodation and Hospitality sectors in regional Queensland, with our valuation team prominent in the valuations of Going Concern assets and our property managers interacting daily with major hospitality groups,” Mr Stack said.
“Our new service line will only add to our offering for clients in this sector.
“Glen has a strong reputation in the market and established relationships, and he has really hit the ground running.
“His appointment complements an already strong agency team, with which he works closely, assisting vendors and interacting with buyers.”
Mr Cummins said the regional Queensland accommodation and hospitality sector was experiencing a notable period of strength, and with it had come greater demand for property services from clients.
“The sector is being driven by a combination of factors that make it an attractive option for buyers, particularly investors,” he said.
“We are seeing many investors from Victoria, where land tax has risen significantly in recent times; for these buyers Queensland makes for a more attractive investment.
“The accommodation and hospitality sector’s resilience during economic challenges and headwinds further underscores its stability, making it a reliable investment choice.
“Additionally, recent infrastructure developments and government initiatives such as the $1.8 Billion Copper String 2032 project, being the largest economic investment in North Queensland, have significantly enhanced regional Queensland’s appeal.
“As regional Queensland continues to grow in popularity and infrastructure improves, the sector’s strong performance and promising future make it a wise choice for those looking to enter the accommodation and hospitality market.”
Source: Knight Frank
