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.




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


Latest News

Turkish Cypriot leader Ersin Tatar lands in Melbourne despite tensions

The Turkish Cypriot leader of the illegitimate “Turkish Republic of Northern Cyprus,” Ersin Tatar landed in Melbourne on Wednesday, May 22

Identity and forgotten history hot topics at 2024 Greek Australian Writer’s Festival

Identity and forgotten history were hot topics at 2024 Greek Australian Writer's Festival. Read the full story here.

In the footsteps of Digenis Akritas: Melbourne exhibition celebrates Hellenic unity

A new Melbourne exhibition fosters a deeper understanding of the shared history and culture of Greeks from Cyprus.

Pericles Moustakas takes over as coach of Apollon FC Youth team

Apollon Football (Public) Ltd has announced the beginning of its collaboration with Greek-Cypriot Australian, Pericles Moustakas.

Economist Sophie Photios estimates 50 percent chance of recession for 2024

Macquarie economist Sophie Photios estimates there is a 50 percent chance of recession this year as the “trap” of high migration unwinds.

You May Also Like

Sydney councillor Angela Vithoulkas threatens to resign after exclusion from ‘post-pandemic vision’

“What I won’t stand for anymore is the disrespect I feel has been delivered yet again to myself and the small business community within the City of Sydney," Vithoulkas said in an email to the Lord Mayor.

Melbourne’s Greek Book Fair brings friendship, love and sexuality to the fore

The Greek Book Fair at Melbourne’s Greek Centre over the weekend showed that Greek Australian literature has come a long way.

Greece’s Prime Minister proposes bill for Greeks abroad to vote without restrictions

Kyriakos Mitsotakis announced Greek citizens living abroad will be able to vote in the Greek elections from their country of residence.