Redcape Archives - Page 3 of 6

REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE

Shares in the ASX-listed Redcape Hotel Group rallied following news of upgraded forecasts in its full-year earnings guidance and distribution payout. The high-profile Group spoke of improved trading as its shares rose over four per cent yesterday, as the overall share market retreated. Redcape (ASX:RDC) lifted its FY21 earnings forecast five per cent from guidance […]

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STRONG HALF-YEAR RESULTS FOR REDCAPE

Finance, Real Estate / Clyde Mooney

Listed pub entity Redcape Hotel Group (ASX:RDC) has announced strong financial results for the half-year ended 31 December 2020, and a return to “full growth strategy” backed by a strong balance sheet. Highlights for 1H21 included an increase in statutory net profit after tax (NPAT) of 45.9 per cent, compared with FY20, to $25.4m. This

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REDCAPE TAKE TWO MORE AS DELAWARE BOWS OUT

Property, Real Estate / Clyde Mooney

ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of hospitality venues across four continents and employs over 60,000 people. At one point it was

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REDCAPE TEMPTS COOTES OUT OF THE GLADDY

Property, Real Estate / Clyde Mooney

ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will complement its portfolio of “suburban community hotels in high growth areas” – predominantly in western

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REBOUND REFLECTED IN REDCAPE Q1

Finance, Real Estate / Clyde Mooney

ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19 August, which included noting revenues during July 2020 throughout its newly-reopened fleet above that of

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REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

Finance, Real Estate / Clyde Mooney

Redcape Hotel Group Management today announced full year FY20 results for Redcape Hotel Group (ASX:RDC), offering a solid perspective on the impact of COVID-19. RDC’s distributable earnings were on track for an increase of 22.1pc in the first eight months of the financial year against the previous corresponding period. The final result saw an overall

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REDCAPE TO REOPEN VENUES

Business & Trade, Pub Relations / Clyde Mooney

ASX-listed hotel operator Redcape has released announcement it will be reopening most of its 32 venues next week, with CEO Dan Brady discussing the need for special measures and plans to ensure the customer experience. In the three-minute video release Brady explains how the group has aimed to minimise its cash burn, improve team connections,

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HOSPITALITY CRISIS: STAGE 2 RESTRICTIONS AND CORPORATE CHAOS

Industry, Industry News / Clyde Mooney

Stage Two of the Federal Government’s restriction measures to reduce the spread of COVID-19 come into effect midnight (tonight) 25 March, as licensed venues scramble to find their place. The Stage Two measures see restrictions and closures of virtually all public sites, from amusement arcades to yoga classes. Weddings are capped at five people, funerals

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MOELIS LANDS RECORD SALE AT BYRON

Property, Real Estate / Clyde Mooney

Moelis Australia has announced finalisation of its record-breaking purchase of Byron Bay’s Beach Hotel, and its ongoing strategy for the gaming-free coastal icon. The Beach, aka the ‘Top Pub’, occupies a sprawling 4,585sqm site that counts 100 metres fronting Byron’s main beach. It has long been a ‘must do’ for visitors to the northern NSW

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REDCAPE’S AUSTRALIAN BREWERY TOPS ARTISAN ALES WITH GELATO

Drinks - Beer, Drinks – Alcoholic / Clyde Mooney

Australian Brewery at Rouse Hill has released an artisanal collaboration with dessert doyens Messina to produce the never-seen-before Gelato Ale. The Australian Brewery was built and nurtured by the Colosimo family, until md-2018 when the Hotel and brewery operation was purchased by Redcape. Gelato Messina was established in 2002, with a mission “to make people

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KULETO’S NEWTOWN TO MEET A HOT MARKET

MD HOTELS GOES UNDER IN GEELONG

INDUSTRY BODIES BACK WORKERS COMP REFORMS

ALL IN THE FAMILY AT BATHURST

CYBER THREATS TO HOSPITALITY GROWING

STIRRING UP A SMART MOVE FOR SAFER NIGHTS

Redcape

REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE

STRONG HALF-YEAR RESULTS FOR REDCAPE

REDCAPE TAKE TWO MORE AS DELAWARE BOWS OUT

REDCAPE TEMPTS COOTES OUT OF THE GLADDY

REBOUND REFLECTED IN REDCAPE Q1

REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

REDCAPE TO REOPEN VENUES

HOSPITALITY CRISIS: STAGE 2 RESTRICTIONS AND CORPORATE CHAOS

MOELIS LANDS RECORD SALE AT BYRON

REDCAPE’S AUSTRALIAN BREWERY TOPS ARTISAN ALES WITH GELATO

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