Without Reserve

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.