Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. “It is with a heavy heart that we made the decision to put the hotel on the market,” Cheung lamented to PubTIC. “We were challenged with our master plan for The Bourbon due to […]
EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’ Read More »
Iris Group has gotten the go-ahead for stage one of the massive redevelopment of its Kings Cross landmark, the Mercure Hotel. The Group purchased the mixed use property for $65 million in late 2012 from Australand Property Group. The building incorporated licensed venues top 25 gaming pub the Crest Hotel and late-trader Goldfish, as well
The Sydney pub market has jumped into 2015, with several quick sales including yet another Iris Group purchase – Riverwood’s Napoleons Hotel. In the Western gaming heartland, Napoleons is the latest of a string of acquisitions for the rapidly growing Iris Group, which is making the most of the current favourable capitalisation and interest rates.
2015 pub market starts hot with another Iris Group purchase Read More »
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