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 »
Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of the eastern suburbs, and one of Sydney’s “irreplaceable” oceanside pubs. Iris executed an extensive renovation
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 for the Church St pub as well as Homebush’s Wentworth Hotel. In June 2015 Iris
Sam Arnaout’s Iris Capital has listed the freehold of its iconic Clovelly Hotel, armed with a 20-year lease to Bruce Solomon & Matt Moran’s Morsol. Iris has held the Clovelly since 2008, and executed a huge redevelopment in 2012, bringing multiple bars and function spaces. Last October Iris put the Hotel to market, offering $9.1m
Iris and Gallagher Hotels have furthered their history, speaking exclusively of selling each other the Hunters Hill Hotel and Tiger Bar in the biggest pub transaction in years, sources say tops $64 million. Sam Arnaout’s Iris Capital has been behind some very successful pub developments and is likely Australia’s most influential truly integrated development and
HUGE GALLAGHER IRIS HUNTERS HILL TIGER PUB SALE BUY SWAP Read More »
The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major redevelopment and refurbishment of both the site and structure. The new offering included multiple bars
Locals in Hurlstone Park are complaining about a Canterbury Council decision to allow Iris Capital to construct a mixed use six-storey apartment complex on the site of the old Grumpy’s Hotel. Iris bought Grumpy’s in 2014 for $11 million, and in time submitted plans to demolish the pub to build the multi-level ‘Wattle Hill’ development.
LOCALS CHOOSE GRUMPY OVER IRIS’ REBUILD OF HURLSTONE PARK HOTEL Read More »
Dynamic Iris Capital has traded another pub with the booming Gallagher Hotel Group, as leaseholds continue to come to the fore in the hot hotel market. Representing the fifth asset swap for the two groups, Iris has sold Gallagher the 888 Hotel in Chinatown for around $7.5 million. As each pursues specific operational goals, both
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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