Redcape Group has exchanged contracts to pay $27.5m for freehold/going concern of the Shafston Hotel at Kangaroo Point and the Aspley Hotel at Aspley. Distribution for the quarter ended 31 December 2019 (paid 28 February 2020) 2.211 - Distribution for the quarter ended 30 June 2020 (payable 31 August 2020) 0.310 - Comments Redcape Hotel Group has adopted AASB 16 Leases for the year ended 30 June 2020 using the modified retrospective approach and as such the … Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will complement its portfolio of “suburban community hotels in high growth … Redcape noted that its FY20 guidance provided back in August 2019 has been increased. Redcape Hotel Group owns and operates hotels and motels. View the RDC quarterly report for management equity assets of at least $100 million by date. Redcape owns 32 hotels valued at over $1.0 billion and will have a market capitalisation of $623 million at its issue price. This is despite a material reduction in gearing as a result of the portfolio changes completed and announced during the half-year. REFRESH. Created with Sketch. Post Thread. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19 August, which included noting revenues during July … Vendor FAL Group held it for 23 years. View RDC business summary and other industry information. Redcape Hotel Group Pty Ltd has stepped back into the buyers’ circle. Redcape Hotel Group annual stock financials by MarketWatch. Created with Sketch. Latest Trade. Redcape Hotel Group Announces Distribution Of 1.83 Cents Per Security. Redcape Hotel Group Management Ltd (ACN 610 990 004) (AFSL 505932) is the responsible entity of Redcape Hotel Trust I (ARSN 629 354 614) and Redcape otel Trust (ARSN 629 354 696) (together “Redcape” or “Redcape otel roup”). The hotel group acquired the city-fringe pub – as well as the Little Bottler Bottleshop and Local Liquor Superstore – for $38 million, excluding transaction costs. Redcape Hotel Group . The deal will be settled before June 2021. Redcape Hotel Group Annual stock financials by MarketWatch. Redcape Hotel Group, a hospitality company, owns and operates hotels in Australia. Redcape Hotel Group (RDC) is an Australian hotel business operating a portfolio of 32 hotels located across NSW and QLD. The company said it expects to deliver distributable earnings of 9.2 cps or greater with distributions maintained at 8.75 cps and a payout ratio less than 100% of distributable earnings. The Company announced that it has secured an additional $100m funding facility with an expiry of December 2025. Expand Company Description The company was founded in 2013 and is based in Sydney, Australia. ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. 0.92 AUD. 1. Redcape Hotel Group announced a distribution of 1.83c per stapled security for the first quarter ending 30 September 2020 ("Distribution") with a record date of 30 September 2020 and payment date of 30 November 2020. Redcape Hotel Group, a hospitality company, owns and operates hotels in Australia. ASX listed Redcape Hotel Group has purchased another western Sydney venue, this time at Emu Plains. The Company updated that in its FY20 financial results release on 19 August 2020, it … The … Find out more at Intelligent Investor Pub landlord Redcape Hotel Group has reinstated its distributions after a bumper first quarter of the financial year following lockdowns. Redcape Hotel Group Management Ltd, Responsible Entity of the Redcape Hotel Group (ASX: RDC) (“Redcape” or “Group”), today announced the Group’s full-year distributable earnings in line with the PDS guidance driven by portfolio expansion and enhancement, and like-for-like revenue growth supported … The material in this presentation has been prepared by Redcape Hotel Group Management Ltd (ACN 610 990 004) (AFSL 505 932) (RHGM) as responsible entity of the Redcape Hotel Group (comprising Redcape Hotel Trust I ARSN 629 354 614 and Redcape Hotel Trust II ARSN 629 354 696) (“RedcapeHotel Group”or “Redcape… Redcape Hotel Group owns and operates hotels and motels. Pubs operator Redcape Hotel Group Pty Ltd has continued its buying spree, announcing today that it has acquired two pubs in Queensland for $27.5 million. Redcape Hotel Group (RDC) Dividends. Redcape Hotel Group provided update that Business is performing positively. Redcape Hotel Group is a rare case where dividends have been decreasing at the same time as earnings per share have been improving. Reviews from Redcape Hotel Group employees about Redcape Hotel Group culture, salaries, benefits, work-life balance, management, job security, and more. Change-0.01 (-0.54%) Redcape Hotel Group's dividend payments per share have declined at 27% per year on average over the past two years, which is uninspiring. Read detailed company information including dividend distribution, dividend amount and payment history. JLL and Knight Frank were the marketing agents. Redcape Hotel Group Announces Trading Update, Interim Distribution, Debt Extension and Acquisition: 22 Dec 2020 Redcape Hotel Group Announces Dividend: 08 Dec 2020 Redcape Hotel Group Acquires the Shafston Hotel and the Aspley Hotel : 19 Nov 2020 The forecast FY19 cash distribution yield is 7.7%, with distributions paid quarterly. Redcape Hotel Group 13F SEC filings breakout by MarketWatch. About Redcape Hotel Group Redcape Hotel Group owns and operates hotels and motels. Redcape Hotel Group Pty Ltd. RDC.AX. It operates 32 hotels in New South Wales and Queensland, as well as 23 bottle shops, four motels, and The Australian Brewery. The Redcape Hotel Group Pty Ltd (ASX: RDC) share price has slumped lower this afternoon after the group released a key trading update. It reported Interim distribution of 1.83c per stapled security for the quarter ending 31 December 2020. Moelis Australia Hotel Management Pty Ltd (ACN 619 297 228) is the appointed investment manager and hotel … ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. View the latest RDC financial statements, income statements and financial ratios. Redcape Hotel Group (ASX:RDC) has acquired the Gladstone Hotel in Dulwich Hill, which became available recently for the first time in 43 years. New Thread. Dan Brady, Chief Executive Officer of Redcape Hotel Group said “We are delighted in moving toward being a listed … Redcape Hotel Group company facts, information and stock details by MarketWatch. Redcape Hotel Group's earnings per share have fallen -279% over the past year. View the latest RDC financial statements, income statements and financial ratios. The Company offers a range of services, including food and beverage, gaming, accommodation, events, … Redcape Hotel Group added half a per cent to 94¢ on its guidance for first-half earnings to exceed the previous corresponding period with the benefit of JobKeeper. The O’Donoghues Hotel at 99 Great Western Highway – near Victoria Bridge and Penrith – is costing $30.5 million. Redcape has bought the Gladstone Hotel in Sydney for $38 million, while Hotel Property investments has bought two pubs in Queensland and in Melbourne for $63 million. The Company offers a range of services, including food and beverage, gaming, accommodation, events, and meetings. The latest Redcape Hotel Group [RDC] news, articles, data and analysis from The Australian Financial Review Forum Tag ... News: RDC Redcape Hotel Group Announces Distribution Of 1.83 Cents Per Security : Thread: Hot News: 0: 104: 0: 22/09/20: 22/09/20: ASX - By Stock: Thread: Created with Sketch. The Company offers a range of services, including food and beverage, gaming, accommodation, events, … Created with Sketch. Redcape owns 30 of the 32 hotels it operates as a freehold going concern and 2 leasehold going concern. 99 Great Western Highway – near Victoria Bridge and Penrith – is costing 30.5... Of $ 623 million at its issue price at its issue price RDC quarterly report for management equity of... 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