Finance

MATHIESON PREDICTS LONG RECOVERY AS ALH STRUGGLES

Posted on September 7th, 2020 by Clyde Mooney
Pub chieftain Bruce Mathieson predicts a long and bumpy recovery from COVID-19, as Australia’s biggest publican is further hammered by restrictions and shutdowns. In a recent interview with The Australian, Mathieson spoke of grave fears for the economic damage being

WOW PROFIT SLUMP BLAMED ON PUBS

Posted on August 28th, 2020 by Clyde Mooney
ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had

REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

Posted on August 19th, 2020 by Clyde Mooney
Redcape Hotel Group Management today announced full year FY20 results for Redcape Hotel Group (ASX:RDC), offering a solid perspective on the impact of COVID-19. RDC’s distributable earnings were on track for an increase of 22.1pc in the first eight months

CALLS FOR RENT REVIEWS AMID COMPROMISED TRADING

Posted on August 10th, 2020 by Clyde Mooney
Leading pub operators are calling on landlords for renegotiated conditions in the wake of COVID-19, prompted by the major losses in revenue across the board and second closure period for Melbourne. The call comes as news from research entity Morgan

AVC HALTS DEAL TO BUY SAND HILL ROAD PORTFOLIO

Posted on April 15th, 2020 by Clyde Mooney
The nine-digit deal for KKR’s Australian Venue Company to buy the Sand Hill Road portfolio has been put on hold as both groups share in the national pain of pub closures. News emerged early March of the agreement, understood to

REDCAPE SERVES STRONG HALF-YEAR RESULTS

Posted on February 21st, 2020 by Clyde Mooney
Redcape has released its results for the first half of the financial year, boding well for its growth prospects and for the broader industry. Redcape Hotel Group Management (RHGM), responsible entity for the Redcape Hotel Group (ASX:RDC) portfolio, reported a

AVC & COLES INK HPI LEASE EXTENSION

Posted on January 31st, 2020 by Clyde Mooney
Listed entity HPI has announced a deal renewing the bulk of its leases to Australian Venue Co (AVC) and the partnership with Coles, bringing “confidence” in the future to all parties and the pub sector. Hotel Property Investments (ASX: HPI)

SPARKKE GROWTH TAKES IN COLLINGWOOD’S VINE HOTEL

Posted on December 16th, 2019 by Clyde Mooney
Sparkke – the brewery on a mission – has taken the next step in ambitious goals with purchase of Collingwood’s historic Vine Hotel, set to become a new pub-brewery showpiece. In 1869, the Caledonian Hotel was the first built on

HUNT SEEKS INVESTORS IN $50m PUB FUND

Posted on September 20th, 2019 by Clyde Mooney
Newcastle-based hotelier Stephen Hunt has been courting investors to double the size of his hotels fund to $50 million, following strong growth and robust returns. SJH Hotel Fund, run by Hunt Hospitality, owns hotel trusts around the Lakeside Village Tavern

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

Posted on August 30th, 2019 by Clyde Mooney
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