PRESIDENT’S REPORT
Dear Fellow Members,
I am now more than 16 months into my term as President of our magnificent Club. Whilst this is the Club’s first magazine for 2017 we have supplemented this with a new “Club Chat” communication. This will now be a regular communication of matters and events involving your Club.
From a financial perspective, your Club is currently generating substantial cash flows from its accommodation operations in line with the current boom in occupancy in the Sydney CBD hotel market.