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Five Islands Hotel
Project Summary
Purchase Details:
Date: August 2021
Purchase Price: $20.75 million
Entry Yield: 9%
Key Interventions:
Upgrade of dining room and installation of kids playground to meet shift to family demographics in the area.
Executed a complete rebrand and repositioning of the asset.
Activated 22 accommodation rooms to take advantage of the covid led 'local" tourism boom
Invested $200k in CAPEX to implement improvements.
Exit Details:
Date: October 2022
Sale Price: $25.5m
Financial Performance:
Holding Period: 15 months
Value Appreciation: $4.8m
Key Value Drivers: reposition to a family friendly hotel, community engagement and activation of accomodation.
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Vic on the Park
Project Summary
Purchase Details:
Date: June 2012
Purchase Price: $6.95 million
Entry Yield: 10%
Key Interventions:
Identified changing demographics in the area.
Executed a complete rebrand and repositioning of the asset.
Relocated the gaming room to achieve smoking compliance.
Activated the car park for food and beverage events.
Invested $750k in CAPEX to implement improvements.
Exit Details:
Date: November 2017
Sale Price: $22 million
Financial Performance:
Holding Period: 5.5 years
Value Appreciation: $15.05 million
Key Value Drivers: Strategic repositioning, demographic targeting, and activation of under-utilised space.
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Bristol Arms Hotel
Project Summary
Purchase Details:
Date: February 2013
Purchase Price: $7.5 million
Entry Yield: 9%
Key Interventions: Executed a complete rebrand and repositioning of the asset. Transformed a 4-story hotel that was being run as a 4-level nightclub.
Relaunched the lower floors as a bar and gaming room. Introduced multiple revenue streams via bar and gaming operations.
Invested $1.2 million in CAPEX to implement improvements.
Exit Details:
Date: December 2017
Sale Price: $19.5 million
Financial Performance:
Holding Period: 4.8 years
Value Appreciation: $12 million
Key Value Drivers:
Strategic rebranding and repositioning of the asset.
Diversification of revenue streams through bar and gaming operations.
Effective capital investment to enhance property value and operational performance.
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Kinselas
Project Summary
Purchase Details:
Date: March 2013
Purchase Price: $12 million
Entry Yield: 10%
Key Interventions:
Conducted a soft re-brand and hard repositioning of the asset.
Executed an existing Development Application (DA) to relocate the gaming room.
Relaunched the first floor under a new branding strategy.
Transformed the unused second floor by launching "The Standard Bowl."
Invested $1.1 million in CAPEX to implement these changes.
Exit Details:
Date: October 2017
Sale Price: $20.5 million
Financial Performance:
Holding Period: 4.5 years
Value Appreciation: $8.5 million
Key Value Drivers: Strategic repositioning, targeted CAPEX investment, and operational improvements.