Redcape Hotel Group (ASX:RDC) to acquire two Queensland hotels

Company News

by Rachael Jones

Redcape Hotel Group Management Ltd, as responsible entity of Redcape Hotel Group (ASX:RDC) is set to buy two Queensland pubs for $27.5 million.

They have exchanged contracts to acquire the Shafston Hotel at Kangaroo Point and the Aspley Hotel in Aspley.

Both hotels will be revitalised by considerable capital investment.

Redcape Hotel Group (ASX:RDC) are steady at 95 cents.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.