Coronation Property

CROWN HOTEL PLAY UP ON RECEIVER SALE

Posted on February 1st, 2023 by Clyde Mooney
Parramatta’s high-profile Crown Hotel and property have hit the market as receivers take control of the company that bought them from Iris for $50 million. PwC has been appointed as receivers and managers, and today the listing was announced of

IRIS OFFLOADS CROWN PARRAMATTA IN $50m DEAL

Posted on September 6th, 2017 by Clyde Mooney
Iris Capital has nailed another development play, selling its DA-approved Crown Hotel in Parramatta to Coronation Property, in a transaction worth $50 million. Iris bought Crown Parramatta mid-2014, with principal Sam Arnaout negotiating the deal himself with vendor Rod Salmon