Ex-Crown boss, Peter Crinis, to lead pub group as it heads for the ASX

·

Longtime Crown Resorts heavyweight, Peter Crinis, is set to emerge at the helm of a hotel company that will list on the Australian Securities Exchange next year, The Daily Telegraph reports.

Mr Crinis will head the PUBLIC group, the brainchild of high-profile deal-maker Jon Adgemis backed by Alex Waislitz-led investment house Thorney.

They plan to float a $400 million hotel company stocked up with cool inner-city and regional properties that appeal to a younger crowd who are taking to drinking and travelling locally while international travel is restricted.

READ MORE: Crown Resorts Sydney chief Peter Crinis steps down.

Ex-Crown boss, Peter Crinis, is set to lead pub group as it heads for the ASX.

Mr Adgemis’ Jaga Group has assembled the portfolio over the past six years, which spans 14 hotels in inner Sydney and Melbourne, as well as regional NSW, with additional operated properties in Sydney.

READ MORE: The Gravanis brothers sell Empire Hotel in Annandale for about $20 million.

PUBLIC says there is a gap in accommodation between the traditional short and long-stay markets, which it plans to exploit by developing vibrant and bespoke lifestyle and accommodation experiences, the newspaper reports.

Mr Crinis is said to be the best man for the job. His last role for the James Packer-backed gambling company was as chief executive for Crown Sydney and overseeing the casino group’s hotels nationally.

Source: The Daily Telegraph.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Naxos ranked among Europe’s best beach destinations

The Cycladic island of Naxos has secured a spot among Europe’s top beach destinations according to a recent reader poll.

From West to East: The remarkable Greek odyssey of Lafcadio Hearn

Patrick Lafcadio Hearn was born on the island of Santa Maura (now more commonly known as Lefkada) in the dark wine Ionian Sea on 27 June 1850.

Sydney accountant Michael Kypreos set to make history on Australia’s senior tennis team

Michael Kypreos is the first Greek Australian selected for the national veterans team in the 50+ category. Read more here.

HACCI NT celebrates five years of community and business connections

Hellenic Australian Chamber of Commerce and Industry in the NT has grown into a dynamic network of businesses and professionals.

Chris Christofi’s annual gala raises over $200,000 to support homeless Australians

Chris Christofi's fifth Lead With Kindness gala raised almost $214,000 ($213,765) in support of the St Vincent de Paul Society.

You May Also Like

Turkey blames Greek Commander for searching cargo ship suspected of carrying weapons

Turkey has prevented German forces from carrying out a full search of a Turkish cargo ship that they suspected of taking weapons to Libya

The Agora: Thousands enjoy Canberra’s new festival celebrating all things Greek

Thousands visited the National Museum of Australia in Canberra on Saturday to attend the first-ever 'Greek cultural festival: The Agora.'

OXI Day celebration held at Brisbane’s City Hall

On Monday, the Greek community and friends of Greece came together at Brisbane City Hall for a memorable evening to commemorate OXI Day.Â