The 13-strong portfolio includes eight suburban and four CBD apartment hotels in Melbourne plus one in Brisbane, offering 777 apartments in total across the group.
Veriu director Alex Thorpe says there is great synergy between the two brands.
‘The Punthill founders started on a similar journey to ours some 30 years ago. Their entrepreneurial spirit and hard work have created an incredible portfolio of hotels with a talented team of passionate people,’ he says.
Veriu directors Thorpe and Rhys Williams say they will consider rebranding certain hotels under the Veriu brand in the next six to 12 months.