The party is winding down for Jon Adgemis’ Public Hospitality Group (PHG), as a major lender calls in receivers and managers on five venues in the collection. Last week FTI Consulting’s Vaughan Strawbridge and Joseph Hansell stepped in, under security held by TREA ST Pty Ltd as trustee of the Public Group Security Trust. BDO’s […]
Contrary to mainstream media reports, an increase in EGM numbers and revenue is not due to market demand or opportunism, but an attempt to maintain position as revenue flatlines. Clubs and pubs are accused of pulling machines out of storage to “meet booming demand” in light of recent data on gaming room numbers and revenues.
GAMING MACHINES REINSTATED TO BOLSTER DEMAND AS REVENUE STALLS Read More »
Weighing into the recent return in pubs activity, Australian Venue Co has struck its first major deal under its new majority owners, buying 10 venues from Hallmark Hospitality in SEQ. The Melbourne-based group has paid around $50 million for the ten pubs and nightclubs, at Brisbane, Surfers Paradise and the Gold Coast. In the deal
Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in retail assets backed by long leases, counting shopping centres, convenience stores, childcare and petrol stations.
The Redcape reshuffle rolls on with the group’s twice-owned Wattle Grove Hotel becoming the next step in the northward expansion of Melbourne-based Francis Group. This is the second Redcape Hotel Group (RHG) acquisition by the southerners, headed up by Tom Francis, following their purchase of the Kings Head Tavern in South Hurstville earlier this year.
Police are appealing for information from the public on a series of surprisingly similar armed robberies on hotels, in Adelaide and south-western Sydney. Reportedly two men, armed with a handgun and a knife and with their faces covered, rushed the Wiley Park Hotel shortly before 3am on Wednesday (11 September), and allegedly stole cash before
Redcape has continued the portfolio hygiene with divestment of the Vauxhall Inn at Granville to the growing Orion Hotels. Established in 1852 on a corner of Parramatta Road, the two-storey heritage-listed hotel was rebuilt in the 1930s in the distinctive Art Deco style. It counts a public bar area, bistro, accommodation, parking, and modern gaming
The venerable Chatswood Club, in the heart of what has become one of Sydney’s north shore hubs, is selling its two-level site in the hope of preserving its future. Established in 1954, it was previously known as the Chatswood Businessmen’s Club before a name change to broaden its appeal. Originally the club was within a
A north Queensland operator has faced charges and been fined over unsafe promotions on the premises, in Townsville and Mackay. On June 23 last year the popular Rabbit Hotel nightclub ran the Ballin’ on a Budget promo package, allowing patrons to binge drink as much as they wanted in an hour, for $30. Contenders were
RABBIT HOLE OPERATORS FINED OVER ‘UNACCEPTABLE PRACTICES’ Read More »
The DeAngelis family has listed the blooming Raby Rose Hotel and shopping centre in Sydney’s booming south-west corridor, as they prepare for their next endeavours. Raby Rose – formerly the Raby Tavern – is a single-storey premise forming part of a small retail shopping centre on 8,229sqm, and the only pub in the precinct, enjoying
A product of The Information Collective
ACN. 603 201 109
ABN. 21 603 201 109
