In 1994, the Castello family founded the Castello Group. The primary focus of the group was the hospitality industry where Castello’s was formed.
Our first acquisition was Castello’s Chelsea Hotel. The hotel underwent extensive renovations to set the benchmark in the Mornington peninsula and transform this hotel creating a more inviting family friendly environment.
In 1996, Castello’s Kealba Hotel was born. From just a bar, gaming room and bottleshop, this saw another rapid transformation undergoing major renovations creating a complex within itself for all ages.
Between 1996 to 2001 saw the unique family business, one that thrives on challenges and delivers quality results grow from an organisational structure of 2 to 5, take over the Castello’s Royal Oak in Cheltenham and saw the group diversify to take on its biggest feat to date, the construction from ground up of the Castello’s Berwick Springs Hotel, which opened in June 2001 employing in excess of 100 staff.
The strategic growth continued for the Castello Group with the purchase of 2 hotels in 2002 – Castello’s Pakenham Hotel and Castello’s Croydon Hotel, and in 2004 the Castello’s Waterloo Cup Hotel located in Moonee Ponds. Now employing 370 staff, this saw the Castello Group really started to make a presence striving to be a leader in the hospitality industry.
In 2007, within a matter of months Castello Group grew to 11 hotels, acquiring the Templestowe Hotel in August, Anglers Tavern in Maribyrnong and Castello’s Foresters Arms in Oakleigh in October and the Castello’s Pakenham Inn in December.
The Castello Group employed 900 people servicing southeast and west, plus the eastern suburbs of Melbourne.
In 2010 the Family decided to exit the day to day operations of the hospitality industry and sold the 11 hotel businesses to the Dominion Hotel Group.
The Castello family have still retained the free-hold properties of those hotels and are the current land-lords.
In 2012 Castello’s have re-entered the hospitality market with the purchase of the Victorian Tavern in Gisborne. This was the springboard for the Group’s reinvestment strategy followed with the purchase of the Foresters Arms Hotel, the Pakenham Hotel, Daisey’s Hotel and the Cardinia Hotel (formerly the Pakenham Inn).
Our passion and commitment for property development is our key focus for the future growth of our company. We are passionate in producing quality developments that appeal to our targeted customers, by understanding their needs and meeting them.
The outcome of our future projects will be based on the current circumstances at the time. We will either retain and manage those properties as part of our growing portfolio or sell the completed project.