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 (ASX: CHC), with its 25+ years’ experience managing property and over $19bn in funds under […]
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 Nelson Meers, and is close to a deal for the complete portfolio for an Asian-backed
MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY Read More »
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 almost since it burst into the Australian hospitality spotlight with meteoric expansion courtesy of a
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 cent owned by the Charter Hall Long WALE REIT (Real Estate Investment Trust), Charter Hall
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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 REIT created by finance giant ING, Lantern became an owner-operator, with around two-dozen pubs and
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 more than two years. Its New York hedge fund owners York Capital and Värde have
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 loan offer provided by a financial institution. In my mind, the length of the loan,
The pub fund play to sell in a hot market has attracted another big name with Australian Pub Fund (APF) and Riversdale listing two of the best in time for Christmas. The dollar nous behind APF is comprised of business celebrity John Singleton, former Qantas boss Geoff Dixon and investment banker Mark Carnegie, who launched
RIVERSDALE’S AUSTRALIAN PUB FUND READY TO CASH OUT Read More »
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the mandated turnaround strategy for the flailing company, achieving an 18.5 per cent premium to book
The much-anticipated future of The Keystone Group portfolio remains undetermined, as news emerges of a shrinking short-list and Dixon Hospitality eyeing seven of the 17 venues. After falling foul of financiers, a high-profile campaign for the well-known Keystone portfolio has been conducted through CBRE Hotels by receivers, Ferrier Hodgson (FH). FH’s Morgan Kelly reports Dixon
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