Tim Crooks
ResortBrokers Director of New Developments Tim Crooks specialises in off-the-plan management rights sales and plays a key role in driving growth of the family business started by his father Ian in 1985.
Since joining ResortBrokers in 2008, Tim has earned a reputation as one of Australia’s foremost experts in off-the-plan permanent residential and short-term accommodation management rights and hotels in major apartment projects. During his 17-year career in the sector, Tim has settled 227 deals of management rights assets with a combined worth of more than $523 million.
His landmark 2017 sale to Mantra Group of the management rights to Gurner’s FV high-rise in Brisbane for $28 million was the largest off-the-plan management rights transaction in Australia. Tim’s other notable sales include the Art Series Hotel portfolio of five hotels and two management rights, and the 715-apartment Newstead Towers by Metro Property.
Tim’s expertise includes the evaluation, set up, marketing and sale of the business and associated real estate. He regularly consults with leading developers across Australia, including Deague Group, Gurner, Frasers, Abacus, Golden Age, Aria and Metro Property.
In recent years, Tim has been instrumental in growing the management rights market beyond its traditional Queensland base. The increasing acceptance of the management rights model by the hotel industry has resulted in Tim’s expertise being actively sought by hotel operators across Australia.
Tim’s excellence in the management rights sector was recognised by industry this year with a short-listed nomination for The Urban Developer's inaugural Urban Leader Awards.
“Management rights is now a $8 billion industry,” says Tim. “The industry is developing beyond Queensland as an understanding of the model and the opportunities it presents continues to grow.”
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