By Andrew Starke
Compass Hotel Group has appointed Chris Brockwell to its board of directors while also announcing a small profit for the six months to December 27, 2009.
Brockwell has over 35 years experience in the hospitality and industrial catering industry.
Since 2003 he has been the MD of the Brockwell Family Group of Hotels, the owner and operator of hotels / pubs in Perth and Melbourne.
Compass revealed a net profit of $1.77 million for the reporting period.
The group breached its borrowing covenants late last year (2009) but has been informed by its lender that no action will be taken as a result.
CHG raised approximately $123 million through its initial float of 123 million shares in January 2008 and used the funds to acquire 14 premises — including 13 pubs — at the peak of the property market.