Real Estate Assets Limited Group | Deloitte Australia | Insolvency matter

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Real Estate Assets Limited Group - Australian Subsidiaries

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Appointment type:

Creditors Voluntary Liquidations
Court Liquidation (SPAC)

Appointment date:

12 December 2008
15 December 2008 (SPAC)


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)


David Lombe




Mathew Bor
Tel: +61 2 9322 7326


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.


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Forms and court documents

Real Estate Assets Limited Group - Australian Subsidiaries | Documents

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

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