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 of the financial year against the previous corresponding period. The final result saw an overall […]
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Surry Hills stalwart the Forresters Hotel has been purchased by Ben Carroll and Hamish Watts’ specialty group Applejack, marking their first pub venture in four years. Carroll and Watts worked together in the late 2000s within National Leisure & Gaming (NLG), before taking their own path and opening a total of seven bar-restaurants and two
Signs continue that well-positioned ‘non-metro’ hospitality stands to benefit from the increased need for interstate and intrastate travel, as Australia looks to years of forced isolation in the wake of the pandemic. Both domestic and international travel have steadily trended upward for more than a decade, with Australians taking more trips overseas and foreign travellers
Following the growth of the category and recent successes, Diageo has released a new twist for the flavoured gin market with Gordon’s Sicilian Lemon Distilled Gin. The past year has seen strong growth in the segment with almost half the increase coming through flavoured gins. Of these, 50 per cent of the growth has been
Australian Venue Co is about to unveil its lavishly renovated and rebranded Bonny View Hotel, looking to snag families through kid-focused entertainment and quality dining. Bald Hills’ former Bonny View Tavern, built in the 1930s, has undergone a $1.3 million renovation under the guidance of Brisbane architects Push. The exterior has been completely revamped for
Trailblazing a new era in racing and engagement, miRunners is providing shares in the slot it has bought in this year’s Everest, offering venues and punters clubs the chance to dance with the billionaires. MiRunners is steadily rolling out the new concept of micro-ownership to the horse racing industry. Five years in it has gone
Locals pub group has announced it will open its massive new greenfield site the Treendale Farm Hotel in November, providing a 10,000sqm family-friendly bonanza for the locals of Australind. The landmark, purpose-built hotel on Australind’s The Promenade, around 160 kilometres due south of Perth, has been designed to appeal to all age groups, but
Pubs and patrons across New South Wales and Victoria continue to incur fines, venues facing closure and court appearances as authorities plead for all to “take responsibility for safety”. This week the Garry Owen Hotel in Rozelle was labelled by Liquor & Gaming inspectors as perhaps the worst seen so far, for its list of
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Grafton’s generous Good Intent Hotel and adjacent retail shopping complex have been sold to a growing pub syndicate for a reported record price for the region. Hotelier Reg Hinch and builder Reg Want built the Good Intent in their home town back in 1957 at a lavish cost of £90,000, which equates to more than
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 Stanley emerges that rental forecasts at retail properties could see reductions greater than 15 per
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