Author name: Clyde Mooney

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio expansion and enhancement. Total revenue increased 17.4pc, EBITDA 21.3pc against the prior corresponding period. Six

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BAVARIAN BONANZA FOR SHORT’S SEABREEZE

Marty Short’s Seabreeze Beach Hotel at South West Rocks is currently hosting its seventh instalment of its annual German Fest, celebrating everything Bavarian and symbiotic collaborations. The 2019 German Fest kicked off Thursday 22 August at the Seabreeze Beach Hotel (SBH), running 11 days of themed food, drinks and entertainment. Hearty winter dishes include slow-roasted

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RICHMOND HOT PROPERTY TO TEMPT HOTELIERS

Parties have combined to bring the freehold going concern of Richmond’s RG McGee’s to market, triggering what will likely be one of the year’s hotly contested campaigns. RG McGee’s enjoys a sizeable 942sqm landholding within Richmond’s main retail and commercial precinct, beside a large Council car park also servicing a Dan Murphy’s and Coles supermarket.

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SIMPLE SYSTEM FOR ORDERING FOOD & BEV FROM TABLE

A new service allowing pub patrons to order food and drinks from their table heralds the next trend in convenience, while leveraging advantages for venues. The web-based technology comes from OrderUp!, founded by John Saadie, which has begun deploying across Australia. As an online platform, the system requires no infrastructure or hardware from the venue

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HURLEYS GO COASTAL WITH IVORY TAVERN TWEED HEADS

Industry stalwart the Hurley Group has expanded beyond home state with purchase of Brendan Lawless’ elegant Ivory Tavern in Tweed Heads. NSW publican Brendan Lawless purchased the Ivory in 2017, taking option on the freehold going concern from a Brisbane-based developer.  The waterside pub counts a bar, bistro, gaming room with 15 PMEs, function space,

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EMPLOYEE MATTERS PROVIDING ON-DEMAND HUMAN RESOURCES

Employee Matters is a service company providing as-required access to employment experts and a suite of HR-related services for small and medium businesses. Staff recruitment, management and turnover continues to be a challenge within hospitality around the country, and Fair Work Australia is currently conducting spot check investigations in pubs, bars and restaurants. Employee Matters

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