Finance

FULL YEAR RESULTS: INSIGHT ON HOSPITALITY PROPERTY AND PRODUCT

Posted on August 25th, 2017 by Clyde Mooney
Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans

GOOD TIMES AT ALH’S LISTED LANDLORD ALE

Posted on August 9th, 2017 by Clyde Mooney
ALE has posted its annual results, with its nine per cent valuation lift and profit increases boding well for the pub industry. Listed ALE (ASX: LEP) is the largest landlord to Australia’s largest pub group, ALH, owned by Woolworths and

KKR TAKES MAJORITY BITE OF DIXON HOTELS

Posted on June 30th, 2017 by Clyde Mooney
KKR has ended speculation, announcing acquisition of a “majority share” in the fast-growing Dixon Hospitality Group for an undisclosed amount. Dixon (DHG) stormed onto the Australian hospitality scene in 2012, expanding upon the ‘party’ boat business of former Spotless CEO

LONG WALE GETS LONGER WITH ALH

Posted on June 23rd, 2017 by Clyde Mooney
Charter Hall and Hostplus’ Long WALE REIT has extended its relationship with Australia’s biggest publican, buying three hotels in a sale and leaseback deal worth $23.2 million. Long WALE (Weighted Average Lease Expiry)(ASX: CLW) is managed by Charter Hall Group

MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY

Posted on May 5th, 2017 by Clyde Mooney
In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican

DIXON GROUP COURTS PRIVATE EQUITY AS KKR LOOMS

Posted on May 1st, 2017 by Clyde Mooney
After shelving its mooted IPO, Dixon Hospitality Group is rumoured to be in talks with private equity buyers – including KKR – the company that sank Keystone. Dixon Hospitality Group (DHG) has hinted at plans for an Initial Public Offering

CHARTER HALL LONG WALE PUB REIT – LONGER AND STRONGER

Posted on April 5th, 2017 by Clyde Mooney
Charter Hall’s pub REIT has stepped up expansion plans, retiring bank debt in favour of a A$200 million US Private Placement note as it chases “sustainable and growing returns” for its investors. The Long WALE Investment Partnership (LWIP), 45 per

LANTERN – FALL FROM GLORY AND A 147% WINDFALL

Posted on March 29th, 2017 by Clyde Mooney
The ASX-listed Lantern Hotel Group recently completed a very public exit from the hotel game. PubTIC spoke with CEO John Osborne about the Group’s problems, the subsequent solution, and those jaw-dropping premiums to book value. Emerging from a failed pub

RUMOURS ABOUND, BUT REDCAPE STILL IN THE AIR

Posted on March 13th, 2017 by Clyde Mooney
Speculation around what is arguably the country’s most talked-about pub group continues, as investment banks look to realise $700m out of Australia’s smokin’ hotel sector. The A-list portfolio that makes up Redcape Hotel Group has been seeking a suitor for

NAVIGATING TO A BETTER FINANCE DEAL

Posted on March 10th, 2017 by Clyde Mooney
For most business owners, the focal point of a loan offer is on the all-important margin. While this is a key ingredient, I consider it to be just one of the many key points that make up a truly great