A “positive outcome for all” has been achieved with Cairns Council announcing the purchase of Pelathon’s Courthouse Hotel – just bought from Lantern Hotel Group. Lantern listed the Hotel for sale back in June, executing an Expressions of Interest campaign through CBRE Hotels. The ASX-listed Lantern announced contracts for its sale to Pelathon in late […]
Leo Tsekos has won the title to ALH’s Iron Horse Hotel with a cheeky last bid at the auction for the blue-chip investment property in the heart of Newcastle. A strong crowd gathered for Burgess Rawson’s final commercial auction of 2016 last week, with 30 properties going under the hammer. The highlight of the day
The unlocking of Keystone value continues with Solotel securing the fallen Group’s deed to Sydney’s Chophouse restaurant. Award-winning hospitality group Solotel teamed up with celebrity chef Matt Moran earlier this year, bringing the five MorSol venues into its fold. The new entity is headed up by Bruce, Elliot and Anna Solomon, plus Matt Moran. The
It’s a Merry Christmas come early for Lantern shareholders, as the latest sale snags the biggest premium to date. The ASX-listed Lantern Hotel Group (LTN) has all but sold off its collection of Australian hotel interests, following a decision to do so by shareholders at the AGM in October. The company had already sold all
Consolidating a footprint in Darlinghurst, Sam Arnaout’s Iris Group has secured the freehold going concern of the quirky Gaslight Hotel – immediately behind the recently acquired Colombian. The four-level Gaslight fronts Crown Street on the corner of Little Oxford St, sharing its northern wall with the popular Colombian Hotel on the corner of Crown and
Plenty of big names were amongst the crowd that overflowed the auction room of Ray White yesterday for sale of the top-billing Tennyson Hotel and regional stronghold the Figtree Hotel. The auction began with Wollongong’s Figtree, possessing a huge 9,300 m² site and development potential including recent rezoning to Band 3. Currently operated by the
AUCTIONS SOAR: TENNYSON TO MERIVALE AND FIGTREE TO DENFISH Read More »
Another Sydney buyer has bought the very large-format Acacia Ridge Hotel for a top-tier sum from Sydney-based Peter Calligeros and partner Steve Farley. Billed as one of Queensland’s biggest hotels, the Acacia occupies 18,450 m² with development potential, on busy Beaudesert Road. The south-west region of Brisbane is experiencing unprecedented growth, including the upcoming $600
Lantern has sold its best yet to former Wallaby Bill Young, in a swift campaign fetching another big premium at nearly $29 million. Coming to market less than two weeks ago, the ASX-listed Lantern (LTN) has announced the sale of prominent Five Dock Hotel, for $28.75 million. This is an enticing 38 per cent above
As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a designated growth area slated to see 33,000 new homes in coming years. Lantern’s (LTN) announced
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent premium to the 30 June book value. Uncle Buck’s in Mount Druitt fits neatly into
DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB Read More »
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