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 the Crown Hotel Parramatta, at 295 Church Street Parramatta, and a vacant three-level building at […]
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 for the Church St pub as well as Homebush’s Wentworth Hotel. In June 2015 Iris
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