Redcape

REDCAPE AND GALLAGHER IN $70m SALE-SWAP

Posted on April 17th, 2024 by Clyde Mooney
Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Crescent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the

REDCAPE WRAPS TWO MORE SALES, FOR NOW

Posted on November 23rd, 2023 by Clyde Mooney
After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term

REDCAPE SELL-DOWN DROPS MT ANNAN IN S-W SYDNEY

Posted on November 20th, 2023 by Clyde Mooney
High-flying pub group Redcape “continues momentum” in its recent divestment program, with the big-ticket sale of its prized Mount Annan Hotel to an established Sydney hotel family. Redcape de-listed from the ASX in September 2021, with shareholders hoping to achieve

NEW STAR OVER REDCAPE’S HISTORIC ASPLEY

Posted on August 28th, 2023 by Clyde Mooney
Redcape’s historic and beloved Aspley Hotel in Brisbane’s north has sold off-market to local operators Star Hotels. The Royal Exchange Hotel was built on the site in 1875, before the current building, designed by architects Addison and Macdonald, replaced it

REDCAPE REAPS REWARDS AT THE GROVE

Posted on August 25th, 2023 by Clyde Mooney
Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay,

REDCAPE POLISHING PORTFOLIO IN MACKAY

Posted on August 18th, 2023 by Clyde Mooney
High-profile hotel group Redcape has listed two of its large-format pubs, The Shamrock and The Grove hotels in Mackay, as it shores up the balance sheet to overcome hurdles and pave the way for future moves. Formerly the Andergrove Tavern,

DO PUBS DESERVE THE POKIE DEN CRITIQUE?

Posted on February 21st, 2023 by Clyde Mooney
As New South Wales counts down to a state election in March the public perception of gaming in pubs and clubs is front-and-centre, and operators walking close to the line have their fates in the balance. Since Premier Perrottet pronounced

REDCAPE STAKE NORTH SHORE GOLD

Posted on April 1st, 2022 by Clyde Mooney
Back in private hands, Redcape has listed its north shore mecca, Minskys Hotel, with untapped potential, in Sydney’s upmarket Cremorne. Prominently positioned on major thoroughfare Military Road in Cremorne Plaza, formerly known as the Metropole, housing a Supa IGA, medical

WHY REDCAPE IS DELISTING: DAN BRADY

Posted on September 13th, 2021 by Clyde Mooney
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape

REDCAPE FULL YEAR RESULTS AND EXIT FROM ASX

Posted on August 18th, 2021 by Clyde Mooney
Redcape has announced its full-year financial results, along with proposal it delists its dissatisfying shares from the ASX. Today Redcape Hotel Group Management, as the responsible entity of the Redcape Hotel Group (ASX:RDC), announced financial results for year ending 30