High flying banker turned publican Jon Adgemis has secured a $400 million refinancing deal to save his floundering hospitality gambit, but will be forced to sell down. According to sources, an agreement has been reached this week with the group’s major lenders Deutsche Bank, Gemi Investments and Archibald Capital, providing funding earmarked to pay staff, […]
Turbulence continues for Jon Adgemis’ Public Hospitality group, with the Love Tilly Group calling no joy on their foodservice partnership. In April this year Fabbrica Pasta Bar opened within Public’s Exchange Hotel in Balmain, and has quickly gained acclaim and popularity. Love Tilly Group is best known for chic wine bar Love Tilly Devine in
More than six years after purchasing the iconic The Bourbon in Kings Cross, Iris Group has secured approval on its $65 million redevelopment of the landmark site. Ten months after submitting the latest proposal, Iris found unanimous approval through the Central Sydney Planning Committee last night, with the government architect and Lord Mayor highly complementary,
Iris has put out its $65 million proposal for the redevelopment of four adjacent Potts Point sites, between the iconic The Bourbon and the Empire Hotel. Piccadilly Hotel Operations Trust P/L, connected to Iris Capital, has worked through an extensive design process with the City of Sydney Council, plus a design competition, and is now
Goulburn’s elegant Southern Railway Hotel has sold to an unnamed, up-and-coming hotelier – just weeks after they secured the freehold and lease of the town’s Empire Hotel. The Southern Railway was built 1872 on sizeable 1,531sqm lot as the Coolavin Hotel, directly across from Goulburn train station and adjacent to what is now a Woolworths
Oscars Hotels has snapped up another inner west landmark, taking title to the freehold going concern of Parramatta Road icon the Empire Hotel, in Annandale. Built circa 1890 for Tooth’s & Co, the three-storey Empire, particularly its façade, was refashioned in the twentieth century in a more modernist, Art Deco styling, which it still embraces.
Iris’ proposed $47m development in Kings Cross is under attack before it begins, with a local interest group fighting to scare Council into blocking the proposal. Kings Cross is back in the headlines, no longer for scandal or its infamous underbelly, but because the same residents that fought for the lockouts that demolished the late-night
IRIS NEARS KINGS CROSS $47m DEVELOPMENT AS WOWSERS HUDDLE Read More »
Sam Arnaout’s expansive Iris Capital has lodged plans for a massive residential and hospitality development in Kings Cross to replace The Bourbon and Empire Hotels and surrounds. Around the group’s 2015 purchase of The Bourbon from Chris Cheung, Arnaout orchestrated acquisition of several adjacent lots, ending at Roslyn Street with the purchase of the Empire
IRIS’ MASSIVE KINGS CROSS DEVELOPMENT AT THE BOURBON Read More »
The elegant Empire Hotel will go to auction later this month, with the somewhat tired Victorian pub presenting plenty of options. The two-story Empire, located on Railway St in Kurri Kurri, formerly a pit-stop on the highway going west from Newcastle, was built circa 1900 and one of the first for the area, licensed in
Making the most of Kings Cross’ reluctant transformation to residential, cashed-up Iris Capital Group has acquired three adjacent blocks on Darlinghurst Road. It has been revealed Sam Arnaout’s Iris Group has completed the purchase of the Empire Hotel – adjacent to its recently acquired backpacker lodge – adjacent to The Bourbon, which it purchased from
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