Search found 12 matches

by LMB
Tue Sep 24, 2019 3:07 pm
Forum: CBD Development
Topic: News & Discussion : New Restaurants, Bars & Night Clubs
Replies: 449
Views: 132973

Re: News & Discussion : New Restaurants, Bars & Night Clubs

ESTD 2019 .......

Will be closing in late 2019 or early 2020.
by LMB
Wed Sep 18, 2019 11:37 am
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

I would be curious to see the hotels financial modelling and what their profit forecasts are based upon? Quick scenario to consider: 39 event days at Oval per annum ( 22 AFL, 1 SANFL, 15 Cricket, 1 concert) On event days they would be getting a room rate of $300 per room. $300 x 138 rooms = $41,400 ...
by LMB
Tue Sep 17, 2019 2:12 pm
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

This project continues to get stinkier and stinkier.....

And their modelling projects profits..!!!!! They can't make any other revenue line profitable at the Oval so what makes them think a hotel would be any different?

When this hotel ultimately fails we are all going to pay.
by LMB
Wed May 15, 2019 10:44 am
Forum: CBD Development
Topic: [SWP] SAHMRI Stage 2
Replies: 96
Views: 38871

[SWP] Re: SAHMRI Stage 2

Does anybody know when construction is likely to commence?
Thanks
by LMB
Fri Feb 15, 2019 11:20 am
Forum: CBD Development
Topic: [U/C] Renaissance Arcade | 132m | 40 Levels | Realm Apartments
Replies: 1230
Views: 309622

[U/C] Re: Renaissance Arcade | 132m | 40 Levels | Realm Apartments

It's an interesting claim for compensation, I agree that it would be very difficult to quantify. Someone commented on the online article that the old Royal Adelaide Hospital closed at roughly the same time Realm construction started. They asked the question - would the business have struggled anyway...
by LMB
Thu Feb 14, 2019 1:32 pm
Forum: CBD Development
Topic: [U/C] Renaissance Arcade | 132m | 40 Levels | Realm Apartments
Replies: 1230
Views: 309622

[U/C] Re: Renaissance Arcade | 132m | 40 Levels | Realm Apartments

Mansions Apartments in CBD facing closure because of nearby 40-storey Realm apartment tower project Renato Castello, Urban Development Editor, The Advertiser February 13, 2019 1:36pm A city hotel operator claims it has suffered more than $100,000 in lost trade and could be forced to close because o...
by LMB
Thu Feb 07, 2019 3:16 pm
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

SMA Finance " We are losing money and need to find another revenue stream" SMA Management " Increase the price of water!!" SMA Finance " We are still losing money and need to find additional revenue streams" SMA Management " Increase the price of beer!!" SMA Finance " Now the Electricity bill has in...
by LMB
Wed Feb 06, 2019 3:11 pm
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

Leon Byner and Mike Smithson (Ch 7) on 5AA this morning said something along the lines of : Under the Adelaide Oval Act the SMA is not allowed to spend one more cent on the Oval until 1st Dec 2019. Apparently the SMA need to start construction of the Hotel by June 2019 to be ready for the T20 World ...
by LMB
Tue Nov 27, 2018 7:28 pm
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

I actually think the older hotels will be the ones who suffer. Compared to the hotels interstate do we even have a true 5 Star hotel now? I agree the hotels will cannibalise each other and room rates for older hotels will have to drop to be able to compete with the newer ones, so more competition w...
by LMB
Tue Nov 27, 2018 4:00 pm
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

Would be a good way to activate that side of the Torrens in my opinion and sounds as though there is strong demand for further 4-5 star hotels. In addition some of those older hotels would likely need to consider upgrading as people would be more likely to stay in a new hotel Sent from my iPhone us...
by LMB
Mon Nov 26, 2018 11:59 am
Forum: CBD Development
Topic: [APP] Adelaide Oval Hotel
Replies: 508
Views: 61766

[APP] Re: Adelaide Oval Hotel

For AFL games, cricket games and concerts - this is a no brainer. They will have no problems filling it for 30 days of the year (22 x AFL, 7 x cricket, 1 concert) The other 335 days - that is the big question. It's not exactly the most accessible location. It will need to be rated and priced 4.5 to ...
by LMB
Mon Nov 19, 2018 2:28 pm
Forum: CBD Development
Topic: [PRO] 164-180 Hindley Street | ~75m | 22 Levels | Hotel
Replies: 24
Views: 8042

[PRO] Re: 164-180 Hindley Street | ~75m | 22 Levels | Hotel

The current hotels instagram page states that a swimming pool area refurbishment is underway.

I don't think these works are related to the proposed development