Treetops Tavern in Burleigh Waters has been sold to an Australian-Chinese group for what is believed to be the highest price ever paid for a Queensland pub.

Roosters chairman Nick Politis bought the venue 10 years ago for $20 million and has sold it to Sun Treetops Tavern Pty Ltd, which is directed by Paul Jian-Bo Xu, David Lai, JIan Feng Li and Xiao Sun.

The property includes a sports bar, dining, beer garden and a Cellarbrations drive-through bottle shop.

HTL Property managing director Andrew Jolliffe brokered the off-market sale.

Jolliffe said: “Investor appetite for the traditional hotel asset class transcends geographical guidelines, and we have seen this thematic play out consistently for the past two years.

“And whilst acquired by a very established local investor, the interest in this particular asset has always enjoyed a national footprint.

“Other very strong hotel sales have enjoyed close price point proximity to Tree Tops, and given the Olympics led economic boom the region is experiencing; we wholly expect other sales to mimic these elevated price points.”