This Month
This sleekly designed Swiss Alps hotel is guaranteed to refresh you
At 7132 Hotel in Vals, Switzerland, healing thermal waters bubble below while star architecture rises above.
- Ryan Stuart
- Exclusive
- Accommodation
Fund manager snaps up coastal hotels with famed Rick Stein restaurants
Salter Brothers has purchased three Bannisters hotels in Mollymook and Port Stephens that are home to the celebrity UK chef’s famous seafood restaurants.
- Larry Schlesinger
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
- Michael Bleby
- Exclusive
- Pubs
Paradise lost: Virtical pub empire’s problems have roots in Eden
Neil Rankin thought he would fund his retirement after selling a small-town pub to a company involving John Palasty. Instead, it turned into a lengthy legal battle.
- Larry Schlesinger, David Marin-Guzman and Max Mason
September
The $620m makeover for Manly, Howard Smith wharves
Plans are afoot to transform the faded glory of waterside venues at Manly and in Brisbane to bustling tourist destinations. The locals have had their say, too.
- Campbell Kwan
- Opinion
- Chanticleer
Endeavour Group CEO’s last drinks a chance to reset
Steve Donohue knows booze and retail as well as anyone, but shareholder diplomacy was a challenge. Good luck to whoever takes over.
- Anthony Macdonald
- Exclusive
- Insolvency
John Palasty jumps from Virtical’s sinking ship
The developer is trying to distance himself from Virtical’s collapsing empire, stepping down and selling his shares to a director of multiple failed companies.
- Max Mason, David Marin-Guzman and Larry Schlesinger
‘Pay to stay’: Average Sydney hotel room rate to hit $426 by 2033
Sydney will be the standout hotel market over the next decade as occupancy rises to 86pc and few new hotels are completed to keep up with demand.
- Larry Schlesinger
- Exclusive
- Property investment
Hospitality empire on brink as Adelphi Hotel put in administration
Virtical group, which exploded on to the Sydney and Melbourne pub scene last year, has lost control of its two biggest assets.
- Max Mason and David Marin-Guzman
- Exclusive
- Property investment
Republic Hotel goes into administration as financiers chase $90m
Financiers have given embattled hospitality group Virtical one month to pay $90 million in loans.
- David Marin-Guzman and Max Mason
- Exclusive
- Alcohol
Embattled pubs owner hasn’t paid super to staff all year
Property developer Virtical, facing an investigation over $100 million in GST refunds, is now subject to complaints it has not paid superannuation to hospitality staff.
- Max Mason, David Marin-Guzman and Larry Schlesinger
- Opinion
- Tourism
A hotel ban in Bali? Not a second too soon
The “Island of the Gods” needs urgent attention. It’s Indonesia’s golden goose but rampant overdevelopment has also become the island’s hallmark.
- Karishma Vaswani
- Exclusive
- Gaming & wagering
Star Entertainment lands $100m instant cash injection in bailout deal
The casino’s lenders are now seeking approvals for a new two-tranche loan that would give new chief executive Steve McCann a chance to turn around the business.
- Anthony Macdonald and Zoe Samios
AVC, Charter Hall snap up pubs as corporate dealmaking ramps up
PAG-backed Australian Venue Co has acquired 10 leasehold venues in Brisbane and the Gold Coast while funds giant Charter Hall has bought Melbourne’s Harlow Bar.
- Larry Schlesinger
- Opinion
- Chanticleer
The property hotspots attracting the world’s biggest investors
Higher for longer rates means the easy money is property is gone. It’s time for investors to roll up their sleeves.
- James Thomson
Elanor finds white knight in Primo billionaire Paul Lederer
The businessman has acquired debt-laden fund manager Elanor’s 12.6 per cent stake in its listed office fund, while co-founder Glenn Willis has resigned.
- Larry Schlesinger
- Exclusive
- Casinos
Star Entertainment’s banks baulk at cost blowouts and demands for debt
The ASX-listed casino operator has been negotiating with its lenders for days. But delays getting security over individual properties is slowing down progress.
- Zoe Samios, Anthony Macdonald and James Hall
Investors claim mismanagement of Elanor’s $500m hotel fund
The $500 million hotel fund – part of a $6b real estate platform – is at the heart of refinancing issues facing the ASX-listed fund manager.
- Larry Schlesinger
Spain’s crackdown on holiday rentals bodes well for luxury hotels
Locals have staged protests, blaming booming short-term holiday lets for soaring costs of housing and crammed city streets.
- Joan Faus and Corina Pons
Surry Hills pub sold for the first time in nearly 50 years
The landmark pub near Central Station sold for about $10 million to local publican Laurence Collins.
- Larry Schlesinger