Aussie Leisure Group - About Us
Company Profile
Aussie Leisure Group currently owns nine hotel freeholds, all leased to substantial tenants (majority being publicly listed), with a further freehold currently under contract. All hotels are leased for terms extending to approximately 40 years.
The long term objective is to grow the portfolio via the purchase of going concerns and selling of the leaseholds to high quality tenants with a proven record in the hospitality industry.
Business Objectives
Aussie Leisure Group has been created to participate in the hospitality and gaming industries by way of property holdings with a medium to long term investment view. The overall objective of the group is to acquire a portfolio of well located hospitality and gaming venues within the Eastern Seaboard of Australia.
This objective is to be achieved through continued sourcing of hotel going concerns with an established history of strong operational performance with either maximum gaming entitlements or an existing gaming business with an opportunity to obtain further gaming entitlements. It is a preference, although not a necessity, that the freeholds should provide future mixed use redevelopment opportunities. Once the going concern has been purchased the sale of the leasehold business to a proven hotel operator with strong backing is sought through our existing industry network.
Aussie Leisure Group will invest in freehold properties and does not have an optimum number or mix, rather the composition of hospitality and gaming venues will be determined by individual assessment and acquisition opportunity. The focus will be to seek well located properties with good physical appearance, structural integrity and ability to increase return on equity.
People Profiles
Mazen Tabet
Director
- Mazen has deep experience in the property and hospitality sectors gained from both buying/selling commercial property and the active management of shopping centres and hotels.
- Mazen’s professional experience includes selling commercial properties and businesses for Hindmarsh Building Society and the management of the Tabet family property portfolio.
- In managing the Tabet family property portfolio, Mazen adopted the strategy of acquiring the freehold and leasehold of numerous hotels and selling the hotel component of the leasehold to a hotel operator.
- The hotels acquired and sold by Mazen include, but are not limited to, the Skyways Hotel, The York on Lilydale Hotel, Grosvenor Hotel in St Kilda and the Grand Hotel in Frankston.
Proko Athanasakos
Director
- Proko has deep experience in the hotel industry and has a particular expertise in commercial property development.
- Proko was instrumental in the management, renovation and expansion of the Werribee Plaza Tavern which was eventually sold to the Taverner Hotel Group in May 2003. At the time of the sale, it was the highest price paid for a leasehold.
- Proko has also been involved in the development of the greenfield site “The Roxburgh Park Hotel” which commenced operation in December 2004.
- Proko is a council member of the Australian Hotels Association.
John Ashley
Director
- John has over 15 years experience in the hospitality and gaming industry. John’s experience includes selling commercial property and leases for Bailieu Knight Frank and the acquisition, ownership, redevelopment and management of numerous hotels for the Ashley Family.
- John has overseen the acquisition, expansion and subsequent sale of the following hotels, Mac’s Hotel (Melton), The Commercial Hotel (Werribee) and The Pascoe Value Hotel (Pascoe Vale).
- John is the Vice President of The Australian Hotels Association and a Board Member of Thoroughvision Pty Ltd which holds the exclusive broadcasting rights to Thoroughbred racing in Victoria and the Sydney metropolitan area.