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 past year. The town of 26k residents has reputedly seen something of a mass exodus, […]
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 from Aquis to purchase Casino Canberra for $52 million. Under pressure from other interested parties,
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 taken over operations in the Envy Hotel of Broadbeach, located in Niecon Plaza, in a
IRIS’ INAUGURAL QUEENSLAND PUB AND ‘MEGA’ DEVELOPMENT Read More »
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, and wasted no time looking to upgrade on its opportunity. “We are well advanced in
IRIS PLANS $100M DEVELOPMENT TO CREATE ‘INLAND CAPITAL’ Read More »
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 Central Sydney Planning Committee last night, with the government architect and Lord Mayor highly complementary,
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 the Narwee Train Station, with a 24-hour licence. Currently ranked #137 on the Liquor &
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 a DA with Council, which was encouraging of a sympathetic restoration on one of Manly’s
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 Beamish Street, in the south-western Sydney suburb of Campsie. The approval granted 2am trading Monday
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 expansion with a complex deal on both the freehold and lease of the western Sydney
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 – giving rise to the mining-oriented moniker. It provides a large public bar, bistro and
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