Redcape has sold its Townsville hotel portfolio to Falvey Hotels, with JLL advising on the transaction.

The deal marks the pub-and-hotel operator's exit from the North Queensland city and consolidates Falvey Hotels' presence in the Townsville market. JLL, which brokered the sale, confirmed the change of ownership, though the parties did not disclose the transaction value in the initial announcement.

Redcape, one of Australia's largest pub groups, has been reshaping its national footprint through targeted divestments, and the Townsville sale continues that strategy. For Falvey Hotels, the acquisition adds established hotel assets in a regional Queensland market where tourism-driven demand and local trade underpin performance.

JLL's hotels and hospitality division handled the sale process, drawing on its track record of transacting pub and hotel assets across regional Australia. The firm has positioned North Queensland as an active market for hospitality investment, with buyers attracted by the sector's recovery in food and beverage, gaming and accommodation revenue streams.

Further detail on the assets included in the portfolio, settlement terms and Falvey Hotels' operational plans for the properties is expected to follow as the transaction completes.