What Arkadia does

Arkadia is a privately owned Australian diversified investment group founded in 2006 by Theo and Greg Karedis, operating through three wholly-owned pillars: Arkadia Property, Arkadia Hospitality, and Arkadia Capital. The Property division owns and manages 14 retail shopping centres along Australia's Eastern Seaboard across New South Wales, Queensland, and Victoria — comprising 7 large format homemaker centres, 1 sub-regional centre (Rosebud Plaza), 3 neighbourhood centres, and 3 other assets — with revenue derived primarily from commercial rents and property appreciation. The Hospitality division owns and operates 4 hotels (Elysium Noosa, Sheraton Grand Mirage Resort Gold Coast, Crowne Plaza Terrigal Pacific, Manly Pacific) under franchise and management agreements, supported by Elysium Hospitality Services as an in-house operator, plus 7 food and beverage venues (Cibaria, Bistro Manly, Terrigal Beach House, Meribella, Riviera Bar Lounge). The Capital division provides specialist equity investment management across multiple sectors, industries, and geographic regions.

Revenue is generated through three mechanics: recurring commercial rents from retail tenants (subscription/recurring), accommodation and event bookings at hotels (recurring), and transaction-fee food and beverage sales plus investment management fees. Distribution is direct: enterprise leasing relationships for retail tenants, direct-to-consumer hotel bookings through proprietary engines and third-party platforms, and walk-ins for restaurants. The customer base spans retail tenants, leisure and business travellers, event clients, dining patrons, and capital partners.

The group traces its origins to 1955 when the Karedis family opened their first milk bar in Neutral Bay, later building Theo's Liquor into Australia's fourth-largest liquor retailer (80 stores) before divesting to Coles in 2002 and redeploying capital into commercial property and hospitality. The business is family-controlled with no external institutional investors and is now led by a professional executive team (Ric O'Connell, CEO; Simon McGrath, CEO Hospitality; Diane Khoury, General Counsel; Adam Dillon, Head of Asset Management) alongside the founders. Headcount is 11-50, consistent with a lean holding and asset-management structure.

Name

Arkadia

Legal name

Arkadia Property Services Pty Limited

Website

https://arkadia.com.au

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Short description

Arkadia is a privately owned Australian diversified investment group operating three pillars — retail property (14 shopping centres), hospitality (4 hotels and 7 restaurants), and investment management — serving retail tenants, hotel guests, and capital partners along Australia's Eastern Seaboard.

Ownership category

akta.pro rank

Product category

Commercial Real Estate and Hospitality Investment

NAICS

Lessors of Other Real Estate Property (53119), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial property management
• Retail shopping centres
• Hospitality asset management
• Hotel accommodation services
• Investment management services

Headquarters

HQ city

Neutral Bay

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Property: Revenue generated through acquisition, management, leasing and development of retail shopping centres along Australia's Eastern Seaboard. Income derived from commercial rents and property appreciation.
2. Hospitality - Hotels: Revenue from hotel accommodation operations including room bookings, events, conferences, weddings and functions. Hotels include Elysium Noosa, Sheraton Grand Mirage Resort Gold Coast, Crowne Plaza Terrigal Pacific, and Manly Pacific.
3. Hospitality - Food & Beverage: Revenue from restaurant and bar operations including Cibaria Manly, Bistro Manly, Terrigal Beach House, Meribella Restaurant & Bar, Cibaria Noosa, and Riviera Bar Lounge.
4. Investment Management: Specialist investment management through Arkadia Capital, maintaining a diversified investment portfolio spanning multiple business sectors, industries and geographic regions with key managers and partners.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Arkadia is a privately owned diversified investment group that acquires, manages, leases and develops commercial retail property along Australia's Eastern Seaboard, acquires and repositioned hospitality assets including destination leisure hotels and CBD hotels, and operates associated food and beverage venues. Through its wholly-owned subsidiaries Arkadia Property, Arkadia Hospitality and Arkadia Capital, the group also provides specialist equity investment management across multiple sectors and geographies.

Product overview

Arkadia is a privately owned diversified investment group operating three core business pillars: Arkadia Property, Arkadia Hospitality, and Arkadia Capital. Arkadia Property manages a portfolio of retail shopping centres along Australia's Eastern Seaboard, including large format homemaker centres, sub-regional centres, and neighbourhood centres. Arkadia Hospitality operates hotel accommodation assets and associated food and beverage venues under management agreements with hotel owners. Arkadia Capital provides specialist investment management across multiple sectors and geographies through strategic partnerships. The group executes its investment mandate across commercial real estate, accommodation hotels, and investment management, with shared corporate functions supporting all divisions.

Differentiator

Problem solved

Functional benefit

Brands

• Arkadia Property: Specialising in acquisition, management, leasing and development of diversified property portfolio focused on retail shopping centres on Eastern Seaboard of Australia
• Arkadia Hospitality
• Arkadia Capital
• Elysium Noosa
• Sheraton Grand Mirage Resort Gold Coast
• Crowne Plaza Terrigal Pacific
• Manly Pacific
• Cibaria
• Bistro Manly
• Terrigal Beach House
• Meribella Restaurant & Bar
• Riviera Bar Lounge
• Aspley Homemaker City
• Blacktown MegaCentre
• Burleigh Homespace
• Homemaker The Valley
• Nunawading Homemaker HQ
• The Zone Caringbah
• The Zone Maroochydore
• Rosebud Plaza
• Mayfair Village
• Newington Marketplace
• Theo's Arcade

Products and services

• Elysium Noosa Luxury hotel resort in Noosa offering leisure accommodation, destination weddings, conferences and functions under the Elysium brand operated by Arkadia Hospitality.
• Sheraton Grand Mirage Resort Gold Coast Five-star resort on the Gold Coast operated by Arkadia Hospitality, providing leisure accommodation, events, conferences and weddings.
• Crowne Plaza Terrigal Pacific Beachfront hotel in Terrigal operated by Arkadia Hospitality, offering accommodation, conferences, weddings and on-site restaurant Terrigal Beach House.
• Manly Pacific Hotel in Manly, Sydney operated by Arkadia Hospitality, providing accommodation, conferences, weddings and on-site dining including Bistro Manly and Cibaria Manly.
• Cibaria Manly and Bistro Manly Food and beverage venues at Manly Pacific offering casual and quality dining experiences for hotel guests and walk-in patrons, including venue hire for private events.
• Terrigal Beach House Restaurant at Crowne Plaza Terrigal Pacific offering dining experiences for hotel guests and walk-in patrons.
• Meribella Restaurant & Bar Restaurant and bar venue within the Arkadia Hospitality portfolio offering fine dining, bar experiences and venue hire.
• Cibaria Noosa and Riviera Bar Lounge Restaurant and bar lounge venues within Arkadia Hospitality's Noosa portfolio offering dining, bar experiences and private event hire.
• Commercial Property Leasing Leasing services for 14 retail shopping centres across Australia's Eastern Seaboard, including 7 large format homemaker centres (Aspley Homemaker City, Blacktown MegaCentre, Burleigh Homespace, Homemaker The Valley, Nunawading Homemaker HQ, The Zone Caringbah, The Zone Maroochydore), 1 sub-regional centre (Rosebud Plaza), 3 neighbourhood centres (Mayfair Village, Newington Marketplace, Theo's Arcade), plus additional properties. Services include acquisition, management, leasing and development for retail and homemaker tenants.
• Investment Management Services (Arkadia Capital) Specialist equity investment management with a diversified portfolio spanning multiple business sectors, industries and geographic regions, executed through key managers and strategic partners.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Stockland: Stockland is one of Australia's largest diversified property groups with retail, office, logistics, and retirement living assets. Comparable to Arkadia Property as a major Australian retail property owner, though listed and significantly larger.
• Marriott International: Marriott International is the parent brand of Sheraton (operator of Sheraton Grand Mirage Gold Coast in Arkadia's portfolio). Comparable as the underlying brand franchisor for Arkadia's luxury/resort hotel operations.
• Lendlease: Lendlease is a large diversified Australian real estate and investment group with development, construction, and asset management operations. Comparable to Arkadia at the corporate level, though substantially larger and more diversified globally.

Direct peers

• Mirvac Group: Mirvac is a diversified Australian property developer and investor with retail, office, industrial, and residential assets. Comparable to Arkadia as a vertically integrated Australian property owner-operator across multiple sub-sectors.
• Accor Pacific: Accor Pacific operates and manages a large hotel portfolio across Australia and the Pacific, including luxury and premium leisure brands. Comparable to Arkadia Hospitality as a hotel operator with destination leisure and CBD positioning, particularly relevant given Arkadia's franchise agreements with Marriott/IHG.
• Vicinity Centres: Vicinity Centres owns and operates a portfolio of Australian retail assets, primarily sub-regional and neighbourhood centres. Highly comparable business model and sub-sector mix to Arkadia Property's retail shopping centre holdings.
• Charter Hall Group: Charter Hall is a major Australian property investment and asset management group operating across retail, commercial, and industrial assets. Comparable to Arkadia in combining direct property ownership with capital management/asset management capabilities.
• Event Hospitality & Entertainment: Event Hospitality & Entertainment operates hotels, restaurants, and entertainment venues across Australia and New Zealand. Direct comparable to Arkadia Hospitality's integrated hotel and F&B operating model.
• Scentre Group: Scentre Group is Australia's largest retail property REIT, owner-operator of Westfield-branded shopping centres. Directly comparable to Arkadia Property's large-format and sub-regional shopping centre portfolio along Australia's Eastern Seaboard.

Emerging players

• Pro-invest Group: Pro-invest Group is an Australian hotel investment and management firm focused on acquiring and repositioning hotels under globally branded franchises. Highly comparable to Arkadia Hospitality's specialty in hospitality asset acquisition, repositioning, and franchise operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arkadia