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2026
Redcape Hotel Group acquires Caves Coastal Bar and Bungalows from Oscars Group for $40 million
MA Financial-backed Redcape Hotel Group has acquired Caves Coastal Bar and Bungalows, a beachside pub and resort in Caves Beach on NSW's Swansea peninsula near Lake Macquarie, from the Oscars Group (owners of Sydney's Luna Park) for $40 million. The property sits on almost one hectare and generates more than $200,000 in weekly revenue across its food and beverage, function and accommodation operations, in the pub fund's latest acquisition extending its footprint throughout NSW.