Alloggio Group Limited (ASX:ALO) executed a binding agreement to acquire Accom Noosa on January 27, 2022. In a related transaction, Alloggio Group acquired the management rights to Fairshore and Noosa International Resort. Alloggio paid a total of AUD 4.5 million for Accom, Fairshore and Noosa International.

Alloggio will fund the acquisitions from existing cash reserves incorporating the funds raised in its IPO in November 2021. The acquisition is expected to be immediately earnings accretive for Alloggio.