By Triana O'Keefe, editor Australian Hotelier

In what is the group’s largest acquisition to date, Redcape Hotel Group has acquired the Crown Hotel Revesby for over $30 million.

The campaign was managed by Jones Lang LaSalle’s John Musca and is due to settle in a few weeks.

The well-established hotel currently boasts Top 20 Gaming venue status, modern sports bar and traditional Irish offering.

The acquisition follows an active year for Redcape in 2014, with the group adding Eastwood’s Landmark Hotel to its portfolio, together with plans to expand its nearby venue Eastwood Hotel.

Redcape CEO John Russell recently told Australian Hotelier the group was strongly focused on "portfolio enhancement".

“We’ve maintained a keen interest in adding to our portfolio, albeit selectively with a focus on acquiring assets where our expertise can be applied to unlock tangible value,” he said.

For the full interview with John Russell, see the  2015 Leaders Forum edition of Australian Hotelier.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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1 Comment

  1. Hi,

    I am conducting some research on recent Australian Pub acquisitions and have noticed that the Redcape group have been very active in acquiring venues.

    I was wondering if it was possible to forward me a link to the full John Russell interview as I am unable to fund a link to it.

    Kind Regards,

    Charles Robinson

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