The Stay Company Income Fund
The Fund presents an unrivalled investment opportunity with a primary focus on generating consistent income for investors. (For Wholesale Investors Only)
StayCo is a company that specialises in operating holiday and resort accommodation complexes in the Southeast Queensland. Our portfolio consists of a diverse range of properties to view please visit www.stayco.com.au
The Fund’s portfolio currently consists of eight properties totalling 1,100+ lots, with 510+ under direct management, exhibiting its strength in the real estate market.
As of FY23, the Fund has achieved:
- Total revenue of $12.2m;
- Gross booking revenue of $27m; and
- Paid 12% since inception.
Further strengthening our portfolio, StayCo holds contracts to purchase an additional two properties within the same geographic vicinity. Upon completion of these acquisitions, StayCo’s portfolio will consist of:
- 10 properties, totalling c. 1,400 lots with 631 under direct management;
- Estimated annual revenue of $16.1m; and
- Estimated gross booking revenue of $36m p.a.
With a proven business model, StayCo has also established itself as an Online Travel Agency, facilitating direct marketing of our portfolio of properties. This strategic positioning ensures direct customer interaction, allowing for a more tailored customer experience and increased marketing effectiveness.
StayCo’s portfolio has a concentrated footprint, with a focus on the Broadbeach, Surfers Paradise, and Burleigh Heads markets in Queensland. These locations, situated within a 5km radius of each other, are projected to generate 86% of FY24 EBITDA. This reflects our strategy to concentrate on high-yielding areas to maximize returns.
The Fund offers a unique blend of characteristics designed to provide an optimal investment experience:
- Income is paid monthly in arrears, ensuring a steady cash flow for investors.
- The Fund operates as an unregistered wholesale managed investment scheme.
- The Trust is semi-liquid, with the flexibility for investors to redeem their investments at the discretion of the Fund Manager.
- We offer a Distribution Reinvestment Plan, providing an opportunity for investors to further enhance their investment by reinvesting their earnings.
StayCo is a strong cash flow business with a limited capital expenditure requirement, generating its income through:
- The sale of accommodation and related services;
- Asset management; and
- Caretaker activities with the properties.
It does not hold material ownership in any of the properties in its portfolio, allowing it to control a portfolio of quality real estate assets with relatively low upfront and ongoing capital commitments.
It seeks to strengthen its management interest in properties through strategically acquiring freehold ownership in certain areas.
Ongoing maintenance and refurbishment programs of the properties are typically funded by the property owners rather than StayCo.
StayCo operates a total of eight Holiday and Resort Accommodation Complexes and two Long Stay Accommodation Complexes. The Holiday and Resort Accommodation Complexes are located in Broadbeach and Surfers Paradise on the Gold Coast, while the Long Stay Accommodation Complexes are situated elsewhere.
The Holiday and Resort Accommodation Complexes on the Gold Coast are as follows: Bel Air on Broadbeach, Ocean Pacific Resort, Belle Maison, South Pacific Resort, and Artique Resort. Additionally, there is Ivory Palms Resort located in Noosa, Queensland.
These properties are particularly appealing to families and travellers who desire additional amenities such as kitchens and laundry facilities, which sets them apart from traditional hotel-style rooms and properties.
The two Long Stay Accommodation Complexes operated by StayCo are The Avenues Apartment Complex and Fleet Drive Apartment Complex.
If you're a wholesale investor looking for a diverse and stable investment opportunity in the Australian tourism industry, this portfolio mix might be just what you're looking for.
Featuring properties in two of Australia's most popular holiday destinations, the Gold Coast and the Sunshine Coast, this portfolio includes 8 properties with more than 1,000 rooms that cater to both the holiday and permanent accommodation markets.
With a mix of holiday accommodation businesses in Broadbeach on the Gold Coast and Noosa on the Sunshine Coast, as well as permanent accommodation businesses in growing areas like Kippa-Ring and Morayfield in the Moreton Bay region, this portfolio provides exposure to different markets and locations.
Investing in this portfolio could provide returns by catering to different customer needs, as well as benefiting from the long-term growth potential of these popular tourist destinations and growing residential areas.
Overall, this portfolio mix offers a diversified investment opportunity in the Australian tourism industry, which could be a great fit for wholesale investors seeking exposure to this sector.
Finexia Financial Group Ltd is an ASX listed specialist private credit provider with an extensive capability in Funds and Asset Management. Finexia is committed to servicing the needs of individuals, institutions, and corporates through its three business divisions:
- Private Credit
- Asset Management and Funds Management
- Advisory and Licensing
Listed on the ASX in 2015, the firm is built on disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. We offer a comprehensive range of private credit, equity capital markets and asset management solutions, tailored to meet each client’s investment objectives.
Finexia provides our investors with the opportunity to access the knowledge, experience and investment process of a portfolio management team with a track record of delivering superior long-term outperformance.
Neil is the Managing Director of Finexia Financial Group (ASX code: FNX).
Neil has been in his current role for the past 8 years. He was instrumental in Finexia's listing on the Australia Securities Exchange (ASX) in 2015.
Neil has over 25 years of experience in the financial service sector focused mostly on the equity capital markets, raising capital and trading equities and derivatives in Australia and Hong Kong.
Jean-Marc has been living on the Gold Coast and Brisbane for over 20 years. He is a qualified chartered accountant, registered tax practitioner and a fellow member of the Tax Institute of Australia.
He has a Master's in Business Administration (Finance) and a Master's of Professional Accounting, both from Griffith University.
After completion of his university studies, he started his career at KPMG in the audit and assurance division. He has also worked as Group Accountant, Financial Reporting Manager, and Financial Controller for several ASX-listed companies.
Pat is a Director of Finexia Securities and is an experienced Corporate Finance executive, having lead Corporate Banking teams for a ‘Big 4‘ Bank for over 10 years with over 20 years in Financial Services.
Prior to this, he served as a Submariner in the Australian Navy.
With this level of experience and exposure, Pat has a very broad range of expertise in most industries and financing scenarios and has an outstanding record of championing and completing complex transactions”). He has a particular passion for all types of property finance; development, investment and tourism, the sectors that support our ageing population and assisting clients to achieve their growth aspirations.
Pat holds a Master of Business Administration from Monash University and an Undergraduate degree in Business.
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Finexia Securities Limited (ACN 608 667 778, AFSL 485760)
Creative Capital Group Pty Ltd (ABN 32 623 557 808)
$50,000 - $10,000,000
$10,000
Mazars (Audit) QLD Pty Ltd Brisbane, Qld - Level 11, 307 Queen Street, Brisbane Qld 4000, Australia
Cash and working capital average from 1/08/2022 till 20/03/2023 is $650,033.55
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Published by Finexia Securities Limited
Published by Finexia Securities Limited
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