Redcape pub fund seeks $50m for two Mackay hotels
Larry SchlesingerReporter
Redcape Hotel Group, the frozen pub fund managed by MA Financial, has put its two Mackay hotels on the market for more than $50 million as it looks to shore up its balance sheet and raise capital to fund future redemptions.
Up for sale are The Shamrock Hotel and The Grove Hotel, two large-format venues in the North Queensland coastal city offering food and beverages, gaming, accommodation and retail liquor sales.
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