ESCARPMENT GROUP BUYS PEPPERS
THE Escarpment Group, owners of many hotels in the Blue Mountains has purchased the 17-room, circa 1876 Peppers Convent Hotel and restaurant, in the Hunter Valley, for $5 million plus, from businessman Ken Cowley and family. The Escarpment Group’s properties include the Hydro Majestic Hotel and Lilianfels Blue Mountains Resort and Spa.
LEADERSHIP AND OWNER TRANSITION
Most FBs will appoint a new CEO
ACCORDING to an in-depth survey conducted by KPMG Australia, the performance of family businesses peak when the CEO is between 51 and 60. It then declines as the CEO approaches the age of 70 or older.
NSW GREYHOUND BAN
Greyhound track future uncertain
By Di Bartok
WITH NSW set to be the first Australian state to ban greyhound racing, the future of the 30-hectare Richmond greyhound racing track is uncertain.
