Australian Rugby League Commission buys iconic hotel and restaurant

[Perth Red]

He is overseas but don't let your hatred of him get in the way of a good story

Are you suggesting Abdo made a decision without Vlandys holding his hand? Pleasse!

 

[Iamback]

Are you suggesting Abdo made a decision without Vlandys holding his hand? Pleasse!

https://www.businessnewsaustralia.com/articles/brisbane-s-gambaro-family-to-sell-namesake-hotel-and-restaurant.html

Well given Abdo wasn't in his role in Oct 2019 when expressions of interests were closed for this hotel... I would say no it wasn't him either.

These sort of things don't just happen overnight

 

[Perth Red]

https://www.businessnewsaustralia.com/articles/brisbane-s-gambaro-family-to-sell-namesake-hotel-and-restaurant.html

Well given Abdo wasn't in his role in Oct 2019 when expressions of interests were closed for this hotel... I would say no it wasn't him either.

These sort of things don't just happen overnight

Thats when it went on sale, doesn't say when it was bought, I doubt NRL bought it 3 years ago and forgot to tell anyone, including their accountants!

 

[Iamback]

Thats when it went on sale, doesn't say when it was bought, I doubt NRL bought it 3 years ago and forgot to tell anyone, including their accountants!

The sale likely only just would of gone through. Sale would of been put on hold with Covid

 

[JamesRustle]

The Ponga Strawberry Milkshake should go gang busters

I prefer a can of Canadian Club and dry for $10, and for an extra $100 you get to drink it like Corey Norman circa 2016.

 

[JamesRustle]

The Ian Roberts room doesn't have a closet. Weird.

 

[JamesRustle]

The Joel Monaghan and Mitchell Pearce rooms are the only pet friendly accommodation in the hotel.

 

[JamesRustle]

The pool area will be renovated in Bulldogs colours. It's understood a Coffs Harbour contractor is the preferred bid for the job.

 

[Perth Red]

The sale likely only just would of gone through. Sale would of been put on hold with Covid

Or is it more likely they took it off the market as couldnt get what they wanted and with the surplus last year the ARLC decided it was a good time to spend some of it on an asset and went shopping? We'd have heard about it before now given the leaks at NRLHQ if its been sitting there since 2019.

 

[Iamback]

Or is it more likely they took it off the market as couldnt get what they wanted and with the surplus last year the ARLC decided it was a good time to spend some of it on an asset and went shopping? We'd have heard about it before now given the leaks at NRLHQ if its been sitting there since 2019.

2019 - they took offers. Then taken off the market.
why would there be leaks if there is nothing to buy?

 

[Perth Red]

2019 - they took offers. Then taken off the market.
why would there be leaks if there is nothing to buy?

come on you know as well as I do that if the NRL had made in offer on it in 2019 that it would have likely been heard about by now. The place has more holes than the titanic when it comes to news leaking. 3 years to keep a secret in the NRL? yeh, nah.
More likely it was taken off market becuase bids were low, covid hit, NRl kept an interest then end of last year when surplus was realized and NRL had confidence again so they put in a offer acceptable to the sellers and the deal was done. Maybe not but that is a more likely scenario.
Anyway doesn't really matter, deal is done and good to see NRL finally diversifying its revenue base and building some assets for rainy days.

 

[Wb1234]

https://www.businessnewsaustralia.com/articles/brisbane-s-gambaro-family-to-sell-namesake-hotel-and-restaurant.html

Well given Abdo wasn't in his role in Oct 2019 when expressions of interests were closed for this hotel... I would say no it wasn't him either.

These sort of things don't just happen overnight

Nah if the eoi closed back then that means they couldn’t find a buyer near the price they wanted

there is no way the arlc was negotiating this for 3 years

 

[Iamback]

Nah if the eoi closed back then that means they couldn’t find a buyer near the price they wanted

there is no way the arlc was negotiating this for 3 years

Covid would of scared off buyers too. Regardless it would of been a lengthy process

 

[T-Boon]

I reckon the NRL should buy central coast stadium. I don't know why.
But it would be cheap and it could be used as a training base for the Blues, take women's state of origin there.

 

[blukablu]

I reckon the NRL should buy central coast stadium. I don't know why.
But it would be cheap and it could be used as a training base for the Blues, take women's state of origin there.

NRL should buy a barely used stadium? This is a super cooked idea.

 

[Babyface O'reilly]

NRL should buy a barely used stadium? This is a super cooked idea.

It’s a fair chunk of realestate near the water in a growing area. Purely as an investment, not such a bad idea. Might see more usage with the NRL owning it too.

 

[Wb1234]

Fittler denies pushback from Blues’ Panthers pack on RCG

Blues coach Brad Fittler said the decision not to pick the former Penrith forward in NSW’s Origin III squad was his alone, denying suggestions it was because of a fall-out in clubland.

www.smh.com.au

weedler having a huge rant about this

according to the arlc sources it’s showing a yield of ten percent which is excellent

 

[seanoff]

Fittler denies pushback from Blues’ Panthers pack on RCG

Blues coach Brad Fittler said the decision not to pick the former Penrith forward in NSW’s Origin III squad was his alone, denying suggestions it was because of a fall-out in clubland.

www.smh.com.au

weedler having a huge rant about this

according to the arlc sources it’s showing a yield of ten percent which is excellent

so who is going to run it? A management company? The NRL?

The fact that one operator can get 10% out of a place, esp a restaurant, doesn’t mean someone else will.

And will people who are not from ipswich want to stay in the Alan Langer Room etc. they need to be super careful, you dont want alienate the vast majority of people who arent NRL tragics. If im visiting brisbane i probably might want to stay in the city, or Southbank

there a bunch of investments available that will get you 6%+ for doing SFA if you have the money. Office or Bunnings or Shopping precinct property trusts.

 

[Perth Red]

It’s a fair chunk of realestate near the water in a growing area. Purely as an investment, not such a bad idea. Might see more usage with the NRL owning it too.

Not sure a stadium that’s not being used is giving much annual roi. there’d be uproar in gosford if they ever tried to sell it for development and it’s reaching an age where it probably needs some serious cash spending on it. this one is a pass lol

 

[Perth Red]

so who is going to run it? A management company? The NRL?

The fact that one operator can get 10% out of a place, esp a restaurant, doesn’t mean someone else will.

And will people who are not from ipswich want to stay in the Alan Langer Room etc. they need to be super careful, you dont want alienate the vast majority of people who arent NRL tragics. If im visiting brisbane i probably might want to stay in the city, or Southbank

there a bunch of investments available that will get you 6%+ for doing SFA if you have the money. Office or Bunnings or Shopping precinct property trusts.

Presumably a management company or the current owners, though it sounded like they were just going to carry on running the restaurant. as long as they didn’t pay too much for the business side they should still do ok just on the property value, presuming these interest rates rises dont destroy the market Of course.