Lantern Hotel Group

TREASURED COURTHOUSE HOTEL LANGUISHES

Posted on September 15th, 2017 by Clyde Mooney
The heritage-listed and battle-trophy Courthouse Hotel Cairns has become a dormant site of itinerants and drug paraphernalia since Council purchased it from Pelathon last December. Built in 1922 as part of a scheme to employ returning WWI soldiers, the building

LANTERN – FALL FROM GLORY AND A 147% WINDFALL

Posted on March 29th, 2017 by Clyde Mooney
The ASX-listed Lantern Hotel Group recently completed a very public exit from the hotel game. PubTIC spoke with CEO John Osborne about the Group’s problems, the subsequent solution, and those jaw-dropping premiums to book value. Emerging from a failed pub

CROWN TOPS OFF LANTERN SELL-OFF

Posted on February 13th, 2017 by Clyde Mooney
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of

LANTERN JUMPS TO CONCLUSION WITH GENERAL SALE

Posted on February 10th, 2017 by Clyde Mooney
Preceding its final sale campaign announcement, Lantern has revealed divestment of the last asset in its portfolio, Sydenham’s General Gordon Hotel, for a super-premium $18.1 million. The General has bypassed a public sale process and been bought by an unnamed

LANTERN’S CROWN HERALDS END IS NIGH

Posted on January 23rd, 2017 by Clyde Mooney
Continuing its run of blockbuster sales capping 2016, Lantern Hotel Group has listed its second-last, landmark Surry Hills corner pub, the Crown Hotel. The ASX-listed Lantern has all but completed the strategic sell-off of its entire pub portfolio, executing a

FINAL COUNTDOWN BEGINS AS WATERWORKS HOTEL LISTED

Posted on November 23rd, 2016 by Clyde Mooney
The Lantern pub flood continues as the listed entity puts its high-ranking Waterworks Hotel to market. While the procession of sales into a market short of supply have seen immense interest by operators eager to optimise the assets, few have

FIVE DOCK HOTEL HARVEST REAPED

Posted on November 21st, 2016 by Clyde Mooney
Lantern has sold its best yet to former Wallaby Bill Young, in a swift campaign fetching another big premium at nearly $29 million. Coming to market less than two weeks ago, the ASX-listed Lantern (LTN) has announced the sale of

FIVE DOCK HITS MARKET AS LANTERN DOWN TO FOUR

Posted on November 11th, 2016 by Clyde Mooney
Hot on the heels of highly profitable divestments, Lantern has listed its best pub onto the opportunity-starved market. After 12 months of shedding assets, in pursuit of a turnaround strategy that has transformed into a complete sell-down as market frenzy

DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB

Posted on November 7th, 2016 by Clyde Mooney
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent

LANTERN VOTES TO SELL THE LOT

Posted on October 26th, 2016 by Clyde Mooney
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the