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Redcape set to refresh pubs portfolio with $120m in deals
Pub owner and operator Redcape Hotel Group has sold two Sydney pubs but is in talks to acquire $120 million in better-performing hotels, giving some cheering news to its investors after the fund was frozen last year.
The combined proceeds of $73 million from the sale of the two western Sydney pubs will help the unlisted fund pay out what it calls priority redemptions for some of its long-term investors.
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