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Real Estate Assets Limited Group - Australian Subsidiaries

Case information

Appointment  
Appointment type: Creditors Voluntary Liquidations
Court Liquidation (SPAC)
Appointment date: 12 December 2008
15 December 2008 (SPAC)
ACN: Australian Hotel Acquisition Pty Limited (As Trustee for the AHA Unit Trust) ("AHA")
ACN: 113 961 194

Ce'Nedra Pty Limited (as Trustee for the Ramada Parramatta Unit Trust)
ACN: 003 970 885
(formerly t/as Courtyard by Marriott Parramatta)

HPI Australia Pty Limited ("HPIA")
ACN: 007 709 668

HPI Parramatta Pty Limited ("HPIP")
ACN: 003 628 340

North Ryde Hotel Pty Limited ("NRH")
ACN: 097 377 234
(formerly t/as Courtyard by Marriott North Ryde)

North Ryde Property Pty Limited ("NRP")
ACN: 092 874 014

Surfers Paradise Acquisition Corporation ("SPAC")
ARBN: 116 341 149
(formerly t/as Courtyard by Marriott Surfers Paradise)

(Collectively referred to as the REAL Group)
Appointee(s): David Lombe
Office: Sydney
Enquiries: Terence Law
Tel: +61 2 9322 5827
Email
URL: http://www.deloitte.com/au/realgroup

Background information 

Simon Cathro was appointed as Voluntary Administrator of six companies (NRH, NRP, AHA, HPIP, HPIA and Ce'Nedra) on 27 August 2008. Subsequently, on 12 December 2008, Simon Cathro and David Lombe were appointed Liquidators by resolution of the respective creditors of each of the companies (NRH, NRP, AHA, HPIP, HPIA and Ce'Nedra).

Simon Cathro and David Lombe were also appointed as Official Liquidators of SPAC on 15 December 2008 after a successful winding up petition by Ce'Nedra.

In addition, David Winterbottom and Robert William Hutson of KordaMentha were appointed as Receivers and Managers of the REAL Group on 14 May 2008.

These companies were Australian subsidiaries of Real Estate Assets Limited a New Zealand based company. Prior to the Voluntary Administration and Receivership the REAL Group was running three hotels in Australia under the "Courtyard by Marriott" brand.

The REAL Group's hotels were as follows;

  • Courtyard by Marriott – Surfers Paradise, traded by SPAC
  • Courtyard by Marriott – Parramatta, traded by Ce'Nedra
  • Courtyard by Marriott – North Ryde, traded by NRH

The Receivers continued to trade the businesses and advertised the businesses for sale. The Receivers subsequently sold the Surfers Paradise Hotel (November 2008) and the North Ryde Hotel (December 2008) before handing control of the Parramatta Hotel over to the Liquidators on 1 April 2010.

The Liquidators subsequently sold the Parramatta Hotel on 18 October 2010. The Liquidators are currently finalising some outstanding legal matters so that the Liquidations can be finalised and a dividend paid where appropriate.

Documents

Reports

 

Forms and court documents

Circular to creditors - Parramatta pooled fund
2 December 2013
Circular to creditors - NRH
2 December 2013
Notice of Intention to Apply for Review of Remuneration – NRH
9 August 2013
Notice of Intention to Apply for Review of Remuneration – Parramatta Pooled Group
9 August 2013
Annual report to creditors - Section 508
11 March 2013
Update report to creditors (AHA)
4 December 2012
Annual report to creditors - Section 508
17 February 2012
Annual report to creditors - Section 508
11 March 2011
Update report to creditors (Ce'Nedra, HPIA, HPIP, SPAC)
21 October 2010
Annual report to creditors - Section 508
24 February 2010
Report to creditors - Section 439A (AHA)
4 December 2008
Report to creditors – Section 439A (HPIA, HPIP, Ce'Nedra)
4 December 2008
Report to creditors – Section 439A (NRP, NRH)
4 December 2008
 
Judgement on pooling applications
17 November 2011
Form 535 - SPAC
Proof of debt
Form 535 - AHA
Proof of debt
Form 535 - Ce'Nedra
Proof of debt
Form 535 - HPIA
Proof of debt
Form 535 - HPIP
Proof of debt
Form 535 - NRH
Proof of debt
Form 535 - NRP
Proof of debt

 

Related links

  • ASIC
    Insolvency information sheets

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