Alloggio Group Limited (ASX:ALO) agreed to acquire Great Ocean Road Accommodation Centre Pty Ltd for AUD 8 million on December 15, 2021. The consideration comprised AUD 6.5 million in cash and deferred consideration of AUD 1.5 million. Alloggio will fund the acquisition from existing cash reserves. Great Ocean Road Holidays revenue totalled over AUD3.5 million in FY21. Settlement of the acquisition is expected to occur by the end of this week.

Alloggio Group Limited (ASX:ALO) completed the acquisition of Great Ocean Road Accommodation Centre Pty Ltd on December 15, 2021.