Post by MA Financial Group

We are delighted to announce our hospitality business Redcape Hospitality has expanded our $1.5bn+ hotel portfolio with the acquisition of the leasehold interest in the Arthouse Hotel in Sydney’s CBD.   Located within The Galeries retail precinct on Pitt Street, the Arthouse Hotel occupies one of the largest hospitality footprints in Sydney's Midtown precinct, providing a strong competitive position and opportunities to drive future earnings growth.   Commenting on the acquisition, Redcape Hospitality Managing Director Chris Unger said “Our business model is perfectly suited to continue its growth in a flourishing pocket of the city. The Arthouse puts icing on the cake on what has been a record financial year for Redcape, and we're well placed to see that continue into the next one.”   This acquisition follows Redcape’s recent purchase of the Frisco Hotel in Woolloomooloo, and reinforces Redcape's commitment to growing a high-quality portfolio of hotels in key metropolitan locations.   https://lnkd.in/e72ASGPM