The Iris Hotel Group has grown to be one of the great success stories of Sydney’s pub industry.  “In a period of only four years the Group has amassed what is considered to be one of the strongest retail liquor and gaming hotel portfolios in NSW,” said Mr Musca.  He added, “Most of the Group’s venues offer 24-hour or extended trading hours.”

The portfolio sale included The Cabramatta Inn, Eastwood Hotel, Canterbury Hotel, Revesby Pacific Hotel, Bankstown Club Hotel, Wattlegrove Club Hotel, Mount Annan Club Hotel, Campbelltown Club Hotel and Leumeah Club Hotel.  Iris will retain ownership of four other hotels in the Group.

“With over 34,500m2 of land area across the portfolio, the nine hotels also include a number of DA’s for further development and/or box-format retail liquor opportunities,” said Mr Musca.

The Hedley Group acquired the hotels with 45-year leases in place and will retain the ownership of the hotel licenses and 238 gaming machines at the venues.  “The sale highlights the continued corporatisation of Australia’s pub investment market and demonstrates the value the financial markets place in the separation of the freehold assets and income streams,” said Mr Musca.

Investment activity in Australia’s pub market continues to maintain its strong momentum.  Unprecedented levels of transaction activity and investor interest were reported in both NSW and Queensland during 2006, surpassing sales activity recorded during 2005.  “The outlook for 2007 suggests yet another strong year in regards to sales volume and number of transactions,” said Mr Musca.

The Iris Hotel Group
The Iris Hotel Group has grown to be one of the great success stories of Sydney’s hotel industry.

Iris Hotel in Amsterdam, The Netherlands
Hotel Iris Amsterdam offers 11 clean and reasonably priced tourist accommodations in the centre of Amsterdam.

Iris Hotel in Guzelyali, Turkey
Iris Hotel is located in Guzelyali near the town of Canakkale.

Iris Hotel in Agios Gavriil, Kos, Dodecanese, Greece.
Iris Hotel is situated in the area of Psalidi, 2 kilometres from the city centre and only a short distance from the beach.

Travelers' Choice 2010 Awards: TripAdvisor Assigns the Most Awaited Hotel Prizes of the Year
TripAdvisor, the most renowned on-line travel community in the world, for the eighth year in a row, has awarded 719 hotels for being the best in various categories according to the travelers' opinions and reviews in 2010 It is definitely the largest annual competition ever and winning such a prize is considered a honor by every hotel and resort

Cheap Hotels in Amsterdam
The summer has started and many of us are planning to visit some cool and chill destination, may be with family or group of friends. Amsterdam is among the few wonderful cities in Europe, which promises the cool nature beauty with spirit of true tourist destination. The beautiful small city is famous for its canals, museums, and historical sights. It is considered as one of the most romantic and beautiful cities in Europe.

Watch the World Cup 2010 While On Holiday With Hotels4u.com
Hotels4u.com has launched its new World Cup hotels hot list allowing football fans to enjoy World Cup 2010 action while away on holiday.

IRIS Distribution Sees Continued Growth; Ends 2009 Independent and Profitable
IRIS Attracts Prominent Labels: Metropolis, BYO, Mt. Fuji, In The Fishtank, and Pocketsongs

iris Announces Strategic Partnership with Edge
Deal sees iris extend APAC footprint as part of ambitious growth plans in the region

Hotel Amsterdam Airport Is A Convenient Place To Stay In The City
Begin your holidays with the right foot; Hotel Amsterdam Airport is what you looking for. Good location, equipped rooms, modern amenities and a multilingual staff are part of each Hotel Amsterdam Airport. After that, it is time to enjoy the city. The Royal Palace is one of the most important buildings of Europe. It is located in Amsterdam, after it was built; famous painters and sculptors were brought to Amsterdam to make masterpieces to be exhibited there, therefore it's usual to find paintings by Rembrandt, Van Gogh or other artists inside the Royal Palace. There are different guided tours that all tourists can take.

Enjoy A Warm Welcome At Amsterdam Airport Hotel
There are different ways to explore Amsterdam but the most important is finding a good location like Amsterdam Airport Hotel to have a pleasant stay. Tourist attractions like Anne Frank House are very visited by foreign people who want to know this interesting history. The popular "Daily of Anne Frank" is significant in Dutch culture. Anne Frank wrote her daily during the German occupation in her country. To be more accurate, Anne and her family were hidden in the house's basement more than two years before she recovered her freedom.

Economize With Budget Hotel Amsterdam
Despite not having a good reputation internationally, Amsterdam has a rich culture that visitors can see in its numerous museums. Rijksmuseum, Van Gogh Museum and Stedelijk Museum are the most renowned museums of the country. Fortunately, they are located in the same zone, so, if you visit one of them, you should visit the other two. Tickets are not expensive, don’t worry. In addition, they are worth. Museums are close to your Budget Hotel Amsterdam.