By 2006 we had acquired 13 hotels through our simple, guiding strategy of creating profitable growth. We identified potential and transformed venues with profitable gaming revenues into complete destinations – places that offer an exceptional total customer experience.
Initially focussing on Sydney’s fast growing south west corridor, our best-practice operating model allowed for rapid expansion into larger and ever more prestigious locations.
Over the last decade we have evolved beyond hospitality into realising the full potential of our group. We’ve optimised our locations, with high quality, integrated residential and mixed-use developments, in sought-after locations such as Kings Cross and Clovelly, and right across the Sydney region.
Most recently we have taken another leap forward, with the acquisition of East End in Newcastle. Here, our team is excited by the possibilities of undertaking the rejuvenation of the entire city centre.
Our comprehensive understanding of the property market and meticulous attention to detail have helped us grow Iris – from a small private enterprise into a highly regarded, rapidly expanding industry player. We’re quietly proud of what we have achieved to date, but the team’s main focus is our future and each new challenge we set ourselves.
As the Chief Executive Officer of IRIS Capital, Sam Arnaout is responsible for determining strategic direction and overseeing the group’s diverse operations. Sam possesses an intimate understanding of the hotel industry obtained from over 20 years in hospitality business management. Sam also has significant experience in retail and residential property development.
His in-depth knowledge regarding feasibility, planning and approval processes, contract negotiation and project management of properties ensure IRIS Capital is well placed to deliver on
its future property pipeline.
Since 2010, Paul Devine has been using his creative vision and excellent insight into company management and structure to enhance operations as the Chief Operating Officer of the IRIS portfolio. With a particular emphasis on the company structure and operational efficiency in the hospitality sector Paul holds the responsibility for the daily operations across multiple sites. From acquisition and supplier negotiation, upgrades and development of the hotel sites; to managing 700+ hospitality staff and ensuring the venue teams achieve their respective targets to better the business and create thriving and vibrant community hubs, Paul leads a team of high performing professionals to be efficient, productive and effective.
Having extensive international experience in multiple disciplines such as hospitality, education and logistics Paul is adept at analysing internal operations and identifying areas of process enhancement. Through his IRIS career he has built & maintained trusted and strategic relationships with key customers, clients, partners and stakeholders.
Paul holds a management degree from Dublin University, a hotel management degree from Dublin Institute of Technology with additional diplomas in the fields of business and mathematics.
Melissa Sheehan has over 20 years’ experience in providing accounting services to the public and private sector and has been with IRIS Capital since 2008.
As leader of the finance team, Melissa is responsible for the finance and accounting functions of IRIS Capital and oversees a team of accountants to provide timely management reporting. Melissa works with the executive team to make strategic decisions to help the group achieve its full potential.
Melissa holds a Bachelor of Business and is a Certified Practising Accountant (CPA)
Rod brings significant experience to Iris Capital, having previously worked in private practice for over 15 years, including most recently as Special Counsel at a leading Sydney law firm.
Rod understands the pressure points, strategy and objectives of Iris Capital’s diverse business interests and prides himself on providing clear and commercial advice that enables Iris Capital to make informed strategic choices within an acceptable legal risk profile.
Joe Piasevoli has served as Group Stock Controller with IRIS since 2006 having previously held the position of NSW State Manager for a nationwide retail liquor group. Through 3 decades of experience in the sector, including FOH and BOH operations, advertising, promotion and retail prowess, he has an In-depth understanding of POS programming and analytics. Joe is integral in ensuring that all relevant food and beverage procedures are implemented in the correct manner across all hospitality venues and retail outlets in the portfolio, monitoring cost prices in all departments, flagging variances and taking the necessary action on any discrepancies. Joe manages the delivery of all KPI reports from the POS system for senior management review and governs the implementation of all key food and beverage agreements across the group.
Warwick Arnaout is an experienced hospitality professional with twenty years of management experience at Iris Capital. Specialising in gaming and wagering operations, he is committed to ensuring high-level delivery of general operations including Food and Beverage services, implementation and adherence of operating procedures throughout the group. He is very proud to have been part of the team that received the illustrious Australian Hotels Association Award for Excellence for Best metropolitan Gaming Venue 2019.
John Paul Higgins is the Group Marketing Manager for Iris Capital responsible for all marketing and sales strategies including branding, advertising and e-commence; group compliance, strategic development and operational performance.
As a seasoned professional with over twenty years of hospitality experience, John Paul is known for driving brand growth, maximising operational excellence and delivering upon strategic outcomes. Since joining Iris Capital in 2015, John Paul has implemented a number of measures to increase the company’s revenue and expand the brands recognition.
In previous roles, John Paul acquired extensive leadership and management experience running large and complex venues, both domestically and internationally. John Paul has a passion for high-end customer service and impactful marketing that attracts global audiences. John Paul holds a Bachelor of Business Studies with Marketing from Letterkenny Institute of Technology.
Warwick has significant experience across a range of residential, commercial and master planned, mixed use, urban regeneration developments.
Warwick understands the importance of working both innovatively and collaboratively to add value and achieve superior development outcomes for all stakeholders.
Warren Duarte joined IRIS Capital in 2015 with over 30 years commercial experience having previously worked for international accounting firms, ASX listed and private property development companies. Warren is responsible for the planning of IRIS Capital’s significant Sydney property portfolio and co-ordinates a diverse range of consultants to deliver strategic outcomes, which contribute to asset growth and add value for the company.
In addition to bringing to fruition the over 1,500 apartments in the development pipeline, Warren is also involved with the upgrades that IRIS Capital undertakes on it’s Hotels to keep its product offering fresh and ahead of the competition. Warren holds an Economics Degree from Macquarie University, and is continually keeping up to date with industry changes and trends.
Jamie is a qualified registered surveyor with a Bachelor of Surveying from the University of Newcastle. Jamie’s experience spans the property development industry as development manager in a range of roles from planning, design, approvals, construction and sales. Jamie is responsible for the approvals and delivery of projects in the Hunter region.
Brad is the next generation of Iris Capital management. Following completion of his schooling years at St Andrews, Brad started at Iris in the hospitality arm of the business before moving across to become part of the development team in 2016 and is actively involved in all of Iris’ development projects from inception through to delivery.