Iris Capital

IRIS WINS APPROVAL FOR ANOTHER STEYNE EXPANSION

Posted on May 12th, 2025 by Clyde Mooney
Iris has secured hard-won approval to continue its advancement of Manly’s iconic Steyne Hotel, after the courts ruled on extensive measures to dispel neighbour disputes.   After approvals, rulings, appeals and further adjudication, the NSW Land and Environment Court has

IRIS TAKES TWO FROM REDCAPE

Posted on January 20th, 2025 by Clyde Mooney
The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million.

IRIS EYES $77m UPGRADE OF THE PALMS

Posted on February 2nd, 2024 by Clyde Mooney
Iris Capital is executing plans for a massive $77 million redevelopment of The Palms at Chullora, adding residential buildings and commercial space. Plans were lodged with Canterbury-Bankstown Council for the mixed-use project on The Palms’ 11,744sqm site on the Hume

IRIS INKS DEAL WITH TAB

Posted on December 15th, 2023 by Clyde Mooney
Trailblazing hotel and hospitality developer-operator IRIS Capital has announced an exclusive partnership with TAB for the next three years. Sam Arnaout’s IRIS is an acclaimed hotel operator and developer of both mixed-use and residential sites, championing a “passion for creating

IRIS GEARS UP TO TAKE OUT THE KINGSWOOD

Posted on July 5th, 2023 by Clyde Mooney
Iris has achieved approval for big plans to transform the landmark Kingswood Hotel into a mixed-use site for a new iteration of the pub, and more than 100 apartments. Iris Capital purchased the former Milestone Hotel, built in 1953, in

IRIS GETS NOD TO BUILD ON THE STEYNE

Posted on September 26th, 2022 by Clyde Mooney
Iris Capital has won a pivotal court battle to construct luxury apartments adjoining the Hotel Steyne in Manly. Sam Arnaout bought the iconic pub in 2019 for $65 million from hospitality and property veterans Arthur Laundy, John Singleton, Robert Whyte

IRIS SEES OLD WISEMANS FROM YOUNG

Posted on September 12th, 2022 by Clyde Mooney
Bill Young has continued the house shake-up, selling his long-held Wisemans Inn Hotel to Sam Arnaout's expanding Iris Capital empire. The large-format Hotel was built by British convict Solomon Wiseman, who after being pardoned received a grant of 200 acres,

ARNAOUT TAKES FIVE IN ALICE

Posted on July 8th, 2022 by Clyde Mooney
Iris has taken another big step in the red centre, acquiring three pubs and two accommodation hotels in Alice Springs. Sam Arnaout’s expansive group already owns the award-winning Lasseters Casino in Alice Springs, purchased early 2021. Iris’ portfolio in the

WHELANS SEE IRIS INTO GENERATIONAL STRATHFIELD HOTEL

Posted on July 1st, 2022 by Clyde Mooney
Ending more than a century under stewardship of the Whelan family, the large-format Strathfield Hotel has sold for around $80 million to Sam Arnaout’s Iris Capital. The three-level pub was built in 1918 after WWI by John Whelan, courtesy of

IRIS BUILDING BIG ON BASES

Posted on January 31st, 2022 by Clyde Mooney
Sam Arnaout’s Iris Capital is building on successes for the new year, chasing plans for a $70 million development on the site of the Kingswood Hotel and a brand-new pub for Sydney’s upper north shore. Plans for 180 Great Western