Ludlow taps into thirst, makes $5m quick profit

AFTER little more than a year of ownership, Sydney-based pub fund Ludlow Hospitality has turned a quick profit on the Five Islands Hotel in Wollongong, selling the large format venue for about $25 million. Ludlow Hospitality, founded by hotelier Paddy Coughlan, bought the Cringila hotel last year for $20.7 million from Oscars Hotels, which had […]