GOLDMAN SACHS CALLED TO BROKER REDCAPE SALE

As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will

WOW FIGURES SHED LIGHT ON ALH DILEMMA

Australia’s biggest pub operator is the crux of a profitability dilemma for its majority owner Woolworths, as the supermarket giant weighs up bottom line and a PR crisis. Woolworth Limited (ASX: WOW) yesterday announced its full year results for FY16,

IS THAT A TURKEY IN YOUR PANTS, OR …

An opportunistic thief was sprung in the act in ALH’s Vale Hotel, prompting threats with a handy steak knife and escape with a Wild Turkey down his pants. The would-be thief was seen trying to get into the cash register

ALE BASKS AS WOOLWORTHS SWEATS

ALE EOFY results saw dividend increases and prosperity predicted to arise from growth and opportunities in partnership with ALH – backed by flustered supermarket giant Woolworths. In days since the announcement (ASX: LTN) ALE’s securities have remained steady around $4.34

ALE REVEALS LATEST PORTFOLIO VALUATION JUMP

The original ALH landlord has posted its half-yearly property results, demonstrating why the hotel market continues to attract hungry investment. Listed entity ALE (ASX: LEP) reports the value of its portfolio of 86 freeholds grew by a healthy 10 per

ALH’S AUSTRAL HOTEL & DAN’S UP FOR GRABS

Another ALH plot of gold has come to market, with a private investor offering up the Austral Hotel and adjoining Dan Murphy’s Liquor Barn. Occupying 4,360 m² in the heart of Mackay, the site boasts an exceptionally long 70-year lease

ALH RE-SHUFFLE SEES MATHIESON JR RETURN TO FORMER ROLE

Australia’s biggest publican is returning to a more ‘hands-on’ management structure, with Bruce Mathieson Jr resuming his role as national operations manager. The partnership between the Mathieson family and Woolworths that resulted in Australian Leisure & Hospitality (ALH) has seen

BIG TICKET RENO FOR ALH ‘FLAGSHIP’ PUB

ALH has announced the impending re-opening of its heritage-listed landmark pub, the Crows Nest Hotel. Stage one of the head-to-toe multi-million dollar overhaul of the pub is set to be revealed in a couple of weeks, bringing all-new food and

ZAGAME’S ALH PORTFOLIO BOUGHT FOR $75m

The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) –