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 in the red centre, it featured in the 1994 movie The Adventures of Priscilla, Queen […]
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 Manly community, owned for 36 years by the highly respected and private Peterson family. The
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 to nearly 1800 rooms, all operated by Accor – the largest hotel operator in Australia.
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
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 Newcastle, and in the Hunter Valley, seen in purchase of Hungerford Hill Estate in Polkolbin,
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 generations, on a big 1,948sqm block at the eastern end of the precinct’s famous Corso.
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 busiest roads in 2014 from Rod Salmon. It had been languishing in the 200s on
IRIS UNVEILS BIG-BUDGET RENO AT WENTWORTH HOMEBUSH Read More »
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 and theatre precinct. It counts a large bar area and restaurant, nine accommodation rooms and
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 project at a row of five sites in Kings Cross, including The Bourbon and Empire
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 landmark building, but these were never released to market as the company says it was
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