Peak Investments entered into a contract to acquire Crown Hotel from Lantern Hotel Group (ASX:LTN) for AUD 26.1 million on February 10, 2017. Jason Marlow is taking over the management of Crown Hotel. The transaction is expected to complete in March, 2017. Andrew Jolliffe of Ray White Hotels Australia and Daniel Dragicevich of CBRE acted as real estate agents for Lantern Hotel Group. Peak Investments completed the acquisition of Crown Hotel from Lantern Hotel Group (ASX:LTN) on March 29, 2017.