EVT Limited today announced the successful completion of its Pro-invest Hotels (PIH) acquisition, marking the official launch of EVT Connect Hospitality, and cementing EVT's status as the second largest hotel operator in Australia and New Zealand.

EVT has a committed hotel growth strategy anchored on three strategic pillars:

1. EVT Owned Brands – Expansion through QT, Rydges, Atura and LyLo owned brands via key city hotel ownership and asset light management solutions across Australia, New Zealand and expanding into Southeast Asia.

1. EVT Independent Collection – EVT can create independent brands for asset owners that seek to retain ownership of brand IP while leveraging EVT's extensive experience, now spanning 20 properties.

3. EVT Connect Hospitality – Hotel owners can now leverage EVT's expansive capabilities combined with a third-party hotel brand franchise to deliver above market performance. The successful completion of the Pro-invest deal means that this pillar for growth now has 15 hotels and 3,200 rooms under management.

CEO EVT, Jane Hastings commented “Today, the official launch of EVT Connect Hospitality, seeded by the successful completion of the Pro-invest Hotels acquisition, marks another significant milestone in our hotel's growth strategy, a priority for our Group. We welcome the Pro-invest Hotels team to EVT and have confidence in a bright future for this growth pillar under the leadership of Mathew Duff, EVT Director of Commercial and Connect Hospitality.”

EVT Director of Commercial and Connect Hospitality, Mathew Duff commented, “EVT Connect Hospitality has been designed to power third-party brand performance in our markets.  An asset owner can now choose to franchise a third-party hotel brand and boost performance by leveraging EVT's local and extensive expertise to ensure long-term success for our partners. We aim to set a new benchmark for third-party management in Australasia. We are pleased to have appointed Troy Cuthbertson, a well-respected EVT hotel operator with more than 30 years' experience in the industry, as our General Manager of Operations”.

From IT investment to sustainability initiatives, developing the best frontline team members through to award winning culinary talent, EVT will elevate EVT Connect Hospitality to deliver above market results while providing enhanced value and flexibility for every type of hotel owner.  

Pro-invest Group will retain asset management responsibilities for the 15 hotels owned by the three hotel investment funds via its fund management platform.

For more information, visit EVT Connect Hospitality

Editor's note

EVT's Top 2 Hotel Operator position confirmed in CBRE 2025 Australia and New Zealand Top 10 Hotel Owners & Operators Research Report conducted August 2025.

EVT Connect Hospitality Brands:

15 long-term hotel management agreements under third-party brands including ten Holiday Inn Express, two Hotel Indigo, Sydney's Kimpton Margot, Sebel Canberra on Campbell and Voco Auckland.

Purchase consideration and other transaction information:

Consideration for the acquisition is $74 million. If EBITDA in the 2025 and 2026 calendar years is higher than management's current expectations, an additional scaled consideration capped at $30 million is payable.

About EVT

Entertainment businesses that excite every sense. Commercial ventures driven by a passion for new opportunities. Travel businesses that always feel local and authentic.  

Entertainment: 120+ Cinema Experiences | 150+ Bars and Restaurants | Wellness  

Event Cinemas AU & NZ | BCC Cinemas | Rialto Cinemas | The Embassy | CineStar Germany | Moonlight | Skyline Drive In | State Theatre | spaQ | Thredbo Leisure Centre & Golf Course | Rydges Formosa Golf Course  

Ventures: ~$2.3B Property Portfolio | Partnerships  

EVT Property Development | EDGE CT | EVT Media & Sponsorship | EVT Partnerships | The Parlour Lane Company  

Travel: 100+ Hotels | Australia's number 1 Ski Resort  

QT | Rydges | Atura | LyLo | Independent Collection by EVT | EVT Connect Hospitality | Thredbo  

ASX top 200: EVT | ~$1.2B Annual turnover | Team of ~10,500