Iris Capital

IRIS HITS NEW HORIZONS IN LASSETERS

Posted on April 23rd, 2021 by Clyde Mooney
Sam Arnaout’s Iris Capital empire has taken another big step with the $105 million purchase of the iconic Lasseters Hotel Casino in Alice Springs. Formerly known as the Diamond Springs Casino, the property opened in 1981. Known as an oasis

IRIS INVESTS IN IVANHOE

Posted on February 17th, 2021 by Clyde Mooney
In an early contender for the biggest national deal of 2021, Sam Arnaout’s Iris Capital has bought the northern beaches’ stately Ivanhoe Hotel on Manly Corso. Trading over three manicured levels, the Ivanhoe has long been a staple of the

IRIS SWOOPS ON IBIS IN $180m DEAL

Posted on November 27th, 2020 by Clyde Mooney
Sam Arnaout’s Iris Capital has pounced on a portfolio of 17 Ibis hotels from Accor Invest in a deal worth $180 million, making it the biggest hotel transaction of the year. The massive deal is for 17 freehold hotels, amounting

IRIS’ $65m PLANS FOR THE BOURBON EMPIRE

Posted on October 16th, 2020 by Clyde Mooney
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

BOOMING IRIS LISTS KEARSLEY HOTEL

Posted on May 13th, 2019 by Clyde Mooney
Fresh from its recent record-breaking acquisition of Hotel Steyne, Iris Capital has listed for sale the Hunter Valley’s Kearsley Hotel. Beyond $60-plus million buys in one of Sydney’s highly prized precincts, Iris has been steadily building a formidable presence in

IRIS TAKES HOTEL STEYNE IN RECORD DEAL

Posted on May 6th, 2019 by Clyde Mooney
High-flyers Arthur Laundy and John Singleton have sold their Manly institution The Steyne to booming Iris Capital in a record deal for a Sydney freehold going concern. Built 1859, the Hotel Steyne has stood sentry over the Manly Beach for

IRIS UNVEILS BIG-BUDGET RENO AT WENTWORTH HOMEBUSH

Posted on September 21st, 2018 by Clyde Mooney
Iris has loosed the purse-strings again in the name of optimising its big-format Wentworth Hotel, striking a prominent and handsome pose on Parramatta Road in Homebush. Sam Arnaout’s Iris Capital bought the two-storey brick heritage pub beside one of Sydney’s

IRIS SEES WAY INTO HUNTER LEGEND PEDEN’S HOTEL

Posted on September 3rd, 2018 by Clyde Mooney
Sam Arnaout has invested further in the Hunter, picking up Cessnock’s famous Peden’s Hotel in the biggest transaction for the region. Peden’s Hotel is a two-storey corner pub built on 1600sqm in the heart of town, adjacent to the entertainment

IRIS PULLS KINGS CROSS DA OVER BACKLASH

Posted on April 23rd, 2018 by Jane Louise
Iris Capital has entered the next stage of its controversial Kings Cross development, by withdrawing the DA widely condemned by local interest groups and enlisting input. In January Sam Arnaout’s development company Piccadilly Freehold submitted plans for a $47 million

IRIS SEEKS HOTELIER FOR NEWCASTLE’S EAST END

Posted on March 19th, 2018 by Clyde Mooney
Iris has changed tack in its massive East End development, now considering a hotel operator for an alternative use in the former David Jones building. The four-stage development at Newcastle’s East End originally conceived 16 large apartments to occupy the