Redcape

REBOUND REFLECTED IN REDCAPE Q1

Posted on September 23rd, 2020 by 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

REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

Posted on August 19th, 2020 by 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

REDCAPE TO REOPEN VENUES

Posted on May 27th, 2020 by 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

HOSPITALITY CRISIS: STAGE 2 RESTRICTIONS AND CORPORATE CHAOS

Posted on March 25th, 2020 by 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

MOELIS LANDS RECORD SALE AT BYRON

Posted on February 12th, 2020 by 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

REDCAPE’S AUSTRALIAN BREWERY TOPS ARTISAN ALES WITH GELATO

Posted on December 9th, 2019 by 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

MOELIS EYES BYRON BAY’S BEACH HOTEL FOR $100m+

Posted on November 18th, 2019 by Clyde Mooney
Financial services giant Moelis Australia has secured an exclusivity agreement for potential purchase of the iconic Beach Hotel at Byron Bay for a record-setting price of “above $100 million”. The Beach, known locally as the ‘Top Pub’, began life in

HEDLEY LEAPS TALL IN FAR NORTH

Posted on November 8th, 2019 by Clyde Mooney
Former pub game high-flyer Tom Hedley is working his way back to prominence, cornering the market in the north Queensland precinct of Gordonvale, south of Cairns. After years building a sizeable empire, Hedley sold his Hedley Hotel Group to Coles

REDCAPE’S CABRAMATTA REVEALED

Posted on October 28th, 2019 by Clyde Mooney
Redcape Hotel Group has made good on aspirational plans at its top-performing Cabramatta Hotel with a multi-million-dollar renovation and community tilt. In late 2017 RHG negotiated a deal with landlords the Bowden family for the $45 million purchase of the

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

Posted on August 30th, 2019 by Clyde Mooney
This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio