Forest Resort Group

Forest Resort Group

Mar 15, 2018

144 strata room hotel, 18 hole PGA championship golf course, 25 residential lots and a waste water treatment plant owned by the shareholders of Asset Resolution Limited. Hotel trading at 50% occupancy, golf course not viable and losses exceeding $1m per annum. Improved hotel, relaunched golf course and membership structure, close water treatment plant and successfully sold the asset at a premium to valuation.

Spare Room Holding Pty Limited

Spare Room Holding Pty Limited

Apr 15, 2017

Storage facility that was overcapitalized resulting in vacancy issues, manager and owner had limited storage facility experience. Negotiated put and call option with a new operator to exit asset with business eventually sold to new operator above valuation.