Pubs around the country are getting on board with jumping ship on the national day celebrations, despite a majority still in favour, as the date and meaning become increasingly in doubt. A new year, and January has traditionally welcomed a procession of promised Australia Day celebrations to be had in venues around the nation. The […]
Solotel has announced it has divested its leasehold interest in the beachside Clovelly Hotel. The group took on a lease in 2016 with Sam Arnaout’s Iris Capital, which had owned and operated and renovated it extensively over the past decade, before Iris sold the freehold for $34 million on a tight five per cent return.
Less than two years after taking it on, Solotel has listed its lease at the Clovelly Hotel as it eyes other upcoming projects. Bruce Solomon’s Solotel operates around two-dozen pubs, including big Sydney venues the Kings Cross Hotel, Golden Sheaf and Marlborough Hotel. In recent years Solotel has extended its partnership with Matt Moran, Morsol,
Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of the eastern suburbs, and one of Sydney’s “irreplaceable” oceanside pubs. Iris executed an extensive renovation
Sam Arnaout’s Iris Capital has listed the freehold of its iconic Clovelly Hotel, armed with a 20-year lease to Bruce Solomon & Matt Moran’s Morsol. Iris has held the Clovelly since 2008, and executed a huge redevelopment in 2012, bringing multiple bars and function spaces. Last October Iris put the Hotel to market, offering $9.1m
The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major redevelopment and refurbishment of both the site and structure. The new offering included multiple bars
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