Business
Redcape, ALH, Jon Adgemis expand pub portfolios – The Australian Financial Review
Redcape has bolstered its portfolio of venues to about $1.2 billion with the acquisition of O’Donoghue’s Hotel near Penrith in western Sydney.
In November, Redcape bought the Gladstone Hotel in Dulwich Hill in Sydney’s inner west for $38 million and followed that up with two acquisitions in Brisbane the Shafston and Aspley Hotels for a combined $27.5 million.
Selling agents John Musca and Ben McDonald from JLL said the sales campaign for O’Donoghues drew out the whos who of the local hotelier set, along with commercial property developers, given the site includes 5500 sq m of under-used land.
Mr McDonald said hotels occupying a dominant…
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