ASX-listed Lantern Hotel Group reports it is on track to turn around, now listing its final Queensland pub as per its strategic divestment of non-core assets. Last week it put to market its freehold interest of Cairns’ iconic Courthouse Hotel, and now begins completion out of Queensland with the freehold going concern of Bundaberg’s Central […]
ASX-listed Lantern Hotel Group has put to market yet another pub asset, as it restructures its portfolio to focus on core business in the Sydney metro. The Cairns’ Courthouse Hotel is an “institution” in the north Queensland regional city, being the official Court building until 1998 and in 2015 becoming the unofficial home of the
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of its turn-around strategies at the hands of the new board of directors hopes to capitalise
LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET Read More »
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John Murphy and CEO John Osborne have led an orchestrated plan to reverse the company’s flagging
LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND Read More »
The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced the sale of the Warwick Farm former top-100 gaming pub for $24 million to a
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a top performer in Sydney’s gaming heartland – situated on the border of Fairfield and Liverpool.
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