Processing timeline
21
days
Acquirer(s)
REDCAPE HOTEL GROUP PTY LTD ABN - 43 139 067 244
Target(s) or Vendor(s)
Alsimas Pty Limited ACN - 650 101 778
Other parties
REDCAPE HOSPITALITY PTY LTD ABN - 34 619 297 228, MA REDCAPE HOTEL FUND RE LIMITED ABN - 87 610 990 004, MA FINANCIAL GROUP LIMITED ABN - 68 142 008 428
MA Financial Group's Redcape Hotel Group Pty Ltd is acquiring The Arthouse Hotel from Alsimas Pty Limited. The asset acquisition includes the lease, 6 gaming machine licences, goodwill, and other assets of the Sydney CBD community pub and hotel. Redcape Fund operates 37 pubs across NSW, Queensland, and Victoria.
Redcape Hotel Group Pty Ltd ( Redcape Fund ) proposes to acquire 100% of the interest in the lease over the land and buildings, 6 gaming machine licenses, goodwill, plant and equipment, business name and domain name (both tangible and intangible) of The Arthouse Hotel from Alsimas Pty Limited (the Acquisition ). The Arthhouse Hotel is a community pub and hotel offering food, beverage, gambling and entertainment, which is located in the Sydney Central Business District, New South Wales (NSW). The Redcape Fund is part of MA Financial Group, which owns and operates community pubs and hotels. The Redcape Fund portfolio has 37 pubs and hotels in NSW, Queensland and Victoria. Two of these venues (Criterion Hotel and Frisco Hotel) are in metropolitan Sydney which also offer alcoholic beverages for consumption on the premises, food services, gaming services and entertainment.