Endeavour Group has released its Q1 trading figures for FY23, reporting “accelerated” sales in its fleet of pubs and growth in retail, compared with pre-COVID levels. Australia’s largest pub operator and liquor retailer, the ASX-listed Endeavour Group (ASX:EDG), detailed group sales for the quarter of $3.028 billion, which is 3.1pc higher than FY22. Sales for […]
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Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement from Aquis to purchase Casino Canberra for $52 million. Under pressure from other interested parties,
The Gravanis brothers have expanded the Oscars empire further, securing agreement from Aquis Entertainment to purchase Casino Canberra for $52 million. Casino Canberra is the largest asset of ASX-listed Aquis Entertainment, controlled by Hong Kong billionaire mogul Tony Fung, who holds nearly 90 per cent of its stock. Aquis acquired the Casino in 2014 and
ASX-listed Endeavour Group has released its latest trading figures, reflecting a certain COVID bounce amid natural disaster challenges. The release covers group sales for the period from 3 January to 3 April, 2022. The Hotels division, aka ALH, exhibited trading improved as COVID-19 related restrictions eased, up 3.8 per cent on the same corresponding period
The booming Australian Venue Co is refinancing a new $600 million debt facility, as investors flock to hold the deeds on its pubs around the country. Most recently, the freehold of the Bentley Hotel and associated First Choice Liquor outlet in central Perth sold for just over $10 million, leased to the AVC-Coles partnership until
Australia’s largest publican, the ASX-listed Endeavour Group, aka ALH, reported mixed financial results this week, prompting a share price surge. Representing the milestone of its first full financial reporting period since listing, Endeavour (ASX:EDV) has both benefitted and suffered at the hands of the COVID pandemic. The announcement Monday cited its hotel operations, a portfolio
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The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong, the Crown Hotel in Surry Hills, and most recently the North Nowra Tavern. All are
The fast-growing Kickon Group has taken its next step into Queensland, and kick-started its progressive new Pub Partner Program. Kickon has now settled on the iconic Osbourne Hotel in Brisbane’s Fortitude Valley, which is its first official acquisition since rebranding from Collective Heads in September. The Osbourne Hotel was established 1864, and has been operated
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the listed Charter Hall Long WALE REIT (ASX:CLW) and with ongoing real estate partner Hostplus, for
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape Hotel Group ran an IPO and listed late 2018, to a lacklustre public response. The
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