A vehicle controlled by investment bank Moelis Australia has finally cemented purchase of the high-flying Redcape Hotel portfolio for $677 million. Ending around two years’ speculation as to the hotel group’s fate, including rumours of suitors such as a partnership between Charter Hall and ALH, and one between Moelis and hotelier Nelson Meers, Moelis has […]
MOELIS AT LAST LANDS FLYING REDCAPE HOTEL PORTFOLIO Read More »
In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican Nelson Meers, and is close to a deal for the complete portfolio for an Asian-backed
MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY Read More »
As speculation around its own fate continues, Redcape Hotel Group has listed the freehold of one of Australia’s largest accommodation pub assets. The very large-format All Seasons Quality Hotel occupies 3.56 hectares (35,570 m²) on McIvor Highway in Bendigo, around 150 kilometres out of the Melbourne CBD. The Hotel comprises a public bar, restaurant, function
Speculation around what is arguably the country’s most talked-about pub group continues, as investment banks look to realise $700m out of Australia’s smokin’ hotel sector. The A-list portfolio that makes up Redcape Hotel Group has been seeking a suitor for more than two years. Its New York hedge fund owners York Capital and Värde have
As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will at some point cash in their interests to realise their investment. They acquired the troubled
Redcape Hotel Group is relinquishing one of its future plans, divesting its Fairfield Waters site to focus on core assets. One of the country’s largest gaming-based hotel groups, Redcape currently operates 26 venues nationally, and is looking for more Sydney freehold going concerns to further the portfolio. Located on a prominent corner in the Queensland
REDCAPE PULLING OUT OF FAIRFIELD WATERS DEVELOPMENT Read More »
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s previous sales of the Plantation Hotel and Moonee Beach Tavern to represent a strategic exit
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