redevelopment

HOTEL PANORAMA HITS MAJOR MILESTONE IN $60m DEVELOPMENT

Hurley Hotel Group’s Hotel Panorama reached a significant milestone in its development last week when the structural build of the highest point of the hotel was completed. The development of the former TAFE site is currently the group’s largest investment, at $60 million, and promises something different for Adelaide’s south. The five-storey structure (including basement) […]

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REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

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 expansion and enhancement. Total revenue increased 17.4pc, EBITDA 21.3pc against the prior corresponding period. Six

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