Redcape

REDCAPE’S $25m RETURN FLIGHT TO WATTLE GROVE

Posted on February 21st, 2018 by Clyde Mooney
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western

MYSTERY MILLIONAIRE AT REDCAPE’S WATTLE HOTEL

Posted on July 26th, 2017 by Clyde Mooney
Redcape’s family-centric Wattle Hotel has been buzzing with the news of an unclaimed million-dollar Keno win. The Wattle, in Upper Coomera, just north of the Gold Coast, prides itself on being the “heart of Coomera” and offering “something for mum,

REDCAPE OFFLOAD LIVINGSTONE HOTEL TO OSCARS

Posted on June 28th, 2017 by Clyde Mooney
As Redcape’s destiny continues to be the subject of speculation, the Group has quietly sold one of its inner western Sydney pubs to the Gravanis brothers’ diverse and acquisitive Oscars Hotels. Located on the corner of New Canterbury and Livingstone

UPDATE: REDCAPE WIN BATTLE FOR RED LANTERN

Posted on December 21st, 2016 by Clyde Mooney
Redcape Hotel Group has won its battle to build a new hotel – its third in the western Sydney suburb of Eastwood. Redcape (RHG) operates 28 pubs, including the top-performing Eastwood and Landmark Hotels, both in Eastwood. The new $7

LAUNDY DOUBTFUL OF REDCAPE PURCHASE

Posted on September 21st, 2016 by Clyde Mooney
Pub giant and active transactor Arthur Laundy has quashed rumours he is close to buying the $700 million Redcape portfolio. As the Australian pub industry waits with bated breath the fate of the New York hedge-fund-owned collection of big-performance gaming

THE FATE OF REDCAPE PROPERTY PAWN

Posted on July 11th, 2016 by Clyde Mooney
As rumours circle around the fate of one of Australia’s largest and most influential operators, the reality of investment capital in Aussie pubs stays the same. Redcape Hotel Group owns and operates 23 freehold going concerns, with a portfolio value

REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION

Posted on May 18th, 2016 by Clyde Mooney
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted

REDCAPE PUB INVESTMENT GOES TO MARKET

Posted on March 18th, 2016 by Clyde Mooney
The freehold interest of Redcape’s Cedars Tavern has hit the market as the owner looks to expand his operational portfolio. Amid a distinct shortage of such freehold investments, the sprawling 12,010 m² plot in Emerton houses the top-50 gaming pub

MOELIS EDGES AHEAD IN RACE FOR REDCAPE

Posted on February 24th, 2016 by Clyde Mooney
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed

MORE SUITORS TO PRIZED REDCAPE PORTFOLIO

Posted on November 11th, 2015 by Clyde Mooney
The looming presence of the partnership between Moelis & Co and hotelier Nelson Meers has stepped into the light, with the entity disclosing a play at the prized Redcape portfolio. Purchased in a fire-sale situation by New York hedge funds