Publican Peter Braithwaite has purchased The Red Lion Hotel in Moorooka

The Red Lion Hotel in Moorooka has been sold to Publican Peter Braithwaite for an undisclosed price.

Peter Braithwaite, was the previous owner of the Commercial Hotel in Lake Macquarie.

Glenn Price of HTL Property, in conjunction with Tom Gleeson of JLL Hotels, held the listing for 215 Beaudesert Rd, Moorooka, and ran the targeted expressions of interest campaign.

Set on 820 sqm, the property is just 9km from Brisbane CBD.

The hotel recently underwent an extensive internal and external renovation which now comprises a large public bar, bistro, and 28 gaming entitlements.

HTL Property’s Director Glenn Price said, "NSW publicans continue to view QLD as an opportune hunting ground to expand their portfolios.

"Not only are large corporate groups firmly focused on the state but independent operators looking to break into the market continue to run the ruler over available opportunities," he added.

Peter suggested a rebranding of the pub is likely and that he is upgrading the gaming room with 20 new machines.

HTL Property earlier this year sold The Rising Sun Hotel in Townsville, for over $20million, to Redcape who are shortly to list on the ASX.