MOELIS TAKES TAYLOR SQUARE WITH KINSELAS
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for
REDCAPE TAKE TWO MORE AS DELAWARE BOWS OUT
ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of
SOUTHERN SUNSHINE ON BOBBIE PEELS
Victorians are making hay in the sunshine of eased restrictions as opportunities emerge and the countdown to Christmas begins in earnest. This week brought the highly anticipated move to one patron per two square metres and no cap on numbers,
IRIS NABS BIGGEST BUY NARWEE HOTEL
Iris has executed the biggest sale of the year in the final weeks of 2020, taking the Ryan family’s long-held Narwee Hotel in Sydney’s south. The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite
THE SPORTING GLOBE KICKS OFF IN CHIRNSIDE PARK
Signature Group has unveiled its latest win for Victorian hospitality with the hugely anticipated opening of The Sporting Globe at Chirnside Park. The latest The Sporting Globe (TSG) swung open the doors to punters on Friday (4 December), just in
BAROOGA SALE BODES REGIONAL APPETITE
The Barooga Hotel in the popular holiday resort town of Barooga has been sold to the Ratcliffs, continuing the market strength for quality regional operations. Stephen and Elizabeth Ratcliff are the proud new owners of the sole hotel in Barooga,
VALE HOTEL HEAVYWEIGHT JOHN THORPE
The Australian hotel industry is mourning the loss of industry legend John Thorpe AM, who passed away Thursday aged 80 following a long illness. Considered a giant of the hotel scene, Thorpe served two terms as President of Australian Hotels
COVID RENO DEPRECIATION CLAIMS LOST
Amid a wave of rapidly executed renovations in response to pandemic conditions, many hotel owners are missing out on claiming their available depreciation deductions, according to an industry specialist. Hoteliers and commercial property owners most commonly underclaim on depreciation because
STAR POWER FOR THE BATLOW HOTEL
Hollywood celebrity Matthew McConaughey is fronting a new initiative honouring local legends, amongst them Matthew and Linda Rudd, owners of the Batlow Hotel. The Wild Turkey “With Thanks” program is celebrating the protection and preservation of wilderness for future generations.
CHRISTMAS COMES EARLY AS NSW EASES RESTRICTIONS
Today’s announcement of a dramatic relaxation to NSW’s COVID-19 restrictions has brought praise from industry giants such as Merivale and the AHA as a “game-changer”. NSW Premier Gladys Berejiklian announced the changes today, due to come into effect Monday (7
