Finance

ALE REVEALS LATEST PORTFOLIO VALUATION JUMP

Posted on June 17th, 2016 by Clyde Mooney
The original ALH landlord has posted its half-yearly property results, demonstrating why the hotel market continues to attract hungry investment. Listed entity ALE (ASX: LEP) reports the value of its portfolio of 86 freeholds grew by a healthy 10 per

IPO IN THE AIR FOR DIXON HOSPITALITY

Posted on May 2nd, 2016 by Clyde Mooney
The Australian Financial review reports Dixon Hospitality is one step closer to its rumoured IPO, with another “chunky acquisition” expected to be announced soon. The operation, fronted by father and son team Bruce and Michael Dixon, has been on an

PELATHON RE-WORK HEADS FOR $100m PORTFOLIO

Posted on April 29th, 2016 by Clyde Mooney
Pelathon Group – established by ASX-listed BlackWall Property Funds, who partnered with Jaz Mooney – now has the opportunity to take the re-structured pub group “to the next level”. Pelathon Pub Group (PPG) has held three assets worth around $24

MOELIS EDGES AHEAD IN RACE FOR REDCAPE

Posted on February 24th, 2016 by Clyde Mooney
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed

UPSIDE SEES $773m BID FOR ALH LANDLORD REJECTED

Posted on October 16th, 2015 by Clyde Mooney
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to

BLUE SKY BUYS INDEPENDENT PUB GROUP

Posted on September 21st, 2015 by Clyde Mooney
Greg Maitland’s Independent Pub Group is independent no more, with Blue Sky Private Equity purchasing a majority stake amid a re-brand to become GM Hotels. [caption id="attachment_3768" align="alignright" width="334"] GM Hotels' Tower Hotel[/caption] Formed in 2007, Independent Pub Group (IPG)

CHARTER HALL + ALH PONDER REDCAPE

Posted on September 2nd, 2015 by Clyde Mooney
Smart money continues to stalk Australian pubs, with rumours Charter Hall and ALH are contemplating a snap buy of Redcape before it goes to the open market. Business Spectator reported that Charter Hall Group may team up with the country’s

MORE PROFITS PENDING FOR ALH’S LANDLORD

Posted on August 10th, 2015 by Clyde Mooney
The original ALH listed landlord tips a “positive” future amid higher profit distribution and continued “operating profitability” across much of its pub portfolio. ALE Property Group last week released its Annual Review, Annual Report and Property Compendium 2015, detailing finances

REDCAPE IPO TO OFFER UPSIDE

Posted on July 3rd, 2015 by Clyde Mooney
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus