Makeovers back in style
The 650-seat Doltone House Hyde Park in the Tattersalls Club building in Elizabeth Street (pictured) is the newest venue in Sydney, at a time when demand is rising for conference and catering centres. Doltone House is joining the throng of hotels across the city to revamp ballrooms and conference facilities in anticipation of the closure of the Sydney entertainment and convention centres at Darling Harbour. This includes the M&L Hospitality group, owner of Four Points by Sheraton, which plans to inject $20 million into the property.
Building a fortune
Property owners and developers dominated this year's BRW Rich List, proving there is still cash in bricks and mortar. Westfield founder Frank Lowy was at No.2 with a personal worth of $6.87 billion, followed by residential developers Harry Triguboff at No.6 ($4.95 billion) and shopping centre and property investor John Gandel at No.8 ($3.7 billion). John Singleton's investment in pubs, through his interest in the Riversdale Group and Macquarie Radio Network, put his worth at $355 million or No.135.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.Sign up for free