Lantern’s divestment and turnaround marches on, with Sydney-based hotelier Andrew Lazarus snapping up the Beaumont Exchange for a tidy sum. Located in one of the best regions of NSW’s second-largest city, Newcastle, the Exchange is a diverse business with significant opportunities for upside. “It represents great value,” Lazarus told PubTIC of the $6.625 million sale […]
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of its turn-around strategies at the hands of the new board of directors hopes to capitalise
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