Each stapled security in Waratah Hotel Group comprises one unit in Waratah Hotel Fund ARSN 123 286 304 and one share in each of the Companies – Waratah Hotels Limited ACN 117 204 225 and Waratah Hotels No. 2 Limited ACN 619 064 998.
The Fund holds the land, buildings, headleases, gaming and liquor licences. These assets are held by the Custodian of the Fund. The Companies own the operating businesses, associated assets and employee all the employees of the Group.
The Group’s objective is to provide its investors with superior total returns and secure income distributions through investments in a diversified portfolio of Australian hotel and leisure assets. The Group intends to buy additional venues (both leasehold and freehold) to continue diversifying the income streams and provide further opportunities to add value through improving trade either by way of better management or refurbishment or both.