Crown Hotel

DAMIAN KELLY’S PUB PORTFOLIO ON THE BLOCK

Posted on January 17th, 2022 by Clyde Mooney
The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong,

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

CROWN TOPS OFF LANTERN SELL-OFF

Posted on February 13th, 2017 by Clyde Mooney
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of

LANTERN’S CROWN HERALDS END IS NIGH

Posted on January 23rd, 2017 by Clyde Mooney
Continuing its run of blockbuster sales capping 2016, Lantern Hotel Group has listed its second-last, landmark Surry Hills corner pub, the Crown Hotel. The ASX-listed Lantern has all but completed the strategic sell-off of its entire pub portfolio, executing a

IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m

Posted on June 10th, 2015 by Clyde Mooney
Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. [caption id="attachment_2697" align="alignright" width="449"] An artist's impression of the proposed Mercure tower. Image: supplied[/caption] Earlier this year Iris lodged plans with the City

$100m of pub purchases for Redcape & HPI

Posted on February 27th, 2015 by Clyde Mooney
One of Australia’s largest pub owner operators, Redcape Hotel Group, has snapped up the top-performing Crown Hotel in Revesby for more than $30 million. Coming in at #19 on the OLGR list of gaming venues, the Crown is Redcape’s largest