Iris Group Archives

NORTHERN COMMUNITIES BURDENED BY BOOZE ABUSE

Posted on February 21st, 2023 by Clyde Mooney

Alice Springs has been grabbing headlines as alcohol abuse dominates communities in the north of Australia. Northern Territory Police recently released statistics reporting a massive 54 per cent increase in both alcohol-related assaults and domestic violence in Alice Springs over the

AQUIS GAZUMPS OSCARS FOR IRIS

Posted on July 13th, 2022 by Clyde Mooney

Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement

IRIS’ INAUGURAL QUEENSLAND PUB AND ‘MEGA’ DEVELOPMENT

Posted on May 16th, 2022 by Clyde Mooney

Iris Group is moving up again, heading north of the home base border into its first Queensland pub, beside its massive mixed-use development set to be the biggest on the Gold Coast in over a decade. Sam Arnaout’s Group has

IRIS PLANS $100M DEVELOPMENT TO CREATE ‘INLAND CAPITAL’

Posted on October 25th, 2021 by Clyde Mooney

Sam Arnaout’s Iris Capital has announced plans for a massive $100 million redevelopment of its newly-secured Lasseters Hotel Casino. Iris settled last week on the $105 million April acquisition, formerly known as the Diamond Springs Casino, which opened in 1981,

IRIS’ BOURBON EMPIRE APPROVED

Posted on July 23rd, 2021 by Clyde Mooney

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

IRIS NABS BIGGEST BUY NARWEE HOTEL

Posted on December 7th, 2020 by Clyde Mooney

Iris has executed the biggest sale of the year in the final weeks of 2020, taking the Ryan family’s long-held Narwee Hotel in Sydney’s south. The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite

IRIS MILLIONS REVIVAL AT HOTEL STEYNE

Posted on August 5th, 2020 by Clyde Mooney

Sam Arnaout’s Iris Group has been busy making hay while the lights were out, significantly including a major multi-million-dollar restoration and expansion of Manly’s iconic Hotel Steyne. Sealing the deal on the Northern Beaches landmark mid-2019, Iris swiftly applied for

ILGA TRADING HOURS DECISION OVERRULED FOR IRIS

Posted on February 28th, 2020 by Clyde Mooney

A landmark ruling has been handed down by NCAT, overruling an ILGA decision to prevent late-trading at Iris Group’s Station House Hotel in Campsie. In 2015 Canterbury Council granted development approval for what was to become the Station House, on

IRIS LANDS ALH’S CAMBRIDGE TAVERN FOR $56m

Posted on June 19th, 2019 by Clyde Mooney

Sam Arnaout’s Iris Group has snapped up another massive Sydney pub, securing the freehold operation of ALH’s high-performing Cambridge Hotel in Fairfield for $56 million. Still celebrating last month’s milestone acquisition of Manly’s The Steyne, Iris continues its rapid portfolio

ANOTHER BIG NEWCASTLE PUB FOR IRIS

Posted on November 28th, 2018 by Clyde Mooney

Iris has swooped again, securing the dusty Shaft Tavern in suburban Newcastle in a “unique opportunity” for the acquisitive pub-developers. The Shaft occupies a big 6,720sqm block adjacent to Elermore Vale Shopping Centre, set back and sunken from the road