The Stanford family continues its big-ticket divestment, listing its prized Carousel Inn, in north-western Sydney. Listing of the Carousel follows the family’s 2021 record sale last week of the Vineyard Hotel for $70 million. The Stanfords also still hold the keys at the Riverstone Sportmans Hotel. Carousel Inn resides on a prominent corner of arterial […]
Oscars Hotels has sold the freehold going concern of Annandale’s Empire Hotel to Jon Adgemis’ new Public Hospitality Group. The Gravanis brothers’ group bought the pub mid-2019 from Sam D’agostino for around $10 million. It was being operated by Eric Armstrong, with the accommodation sub-leased. Built circa 1890 for Tooth’s & Co, the commanding three-storey
Australian Venue Co has divested its leasehold interest in Darling & Co, in Brisbane, to local sweethearts Catchment Brewing Co. Located in the Queensland capital’s affluent suburb of Paddington, the chic bar-restaurant previously incorporated a charter cruise business on the Brisbane River. AVC has been bolstering its Queensland venues with major capex, and as part
Growing hospitality group Harvest Hotels has expanded beyond its base, taking the McIntyre family’s Woy Woy Hotel for $32 million. An old faithful of the Central Coast, ‘Ye Olde Woy Woy Hotel’ was built 1897, and known locally as “the Old Pub”. Located on a 2,767sqm lot, with views of Brisbane Water, across from Gosford,
Ending a hotly-contested campaign conducted entirely during COVID closure, the Stanfords have achieved a national record sale for 2021 of circa $70 million for their monolithic Vineyard Hotel. The extremely large-format Vineyard is a mixed-use hospitality operation on 76,900sqm on a corner of Windsor Road, in northern Sydney. It provides a traditional sports bar, with
Pub sales continue unabated across the east coast, and if freehold going concerns and operations aren’t transacting investors are finding the deeds on investment freeholds. Listed funds manager Charter Hall has secured ALH’s Imperial Hotel for $6.618 million, representing a 4.88 per cent yield. Located in Beenleigh, 35 kilometres south of Brisbane, the two-level Imperial
The Brownlee family have put to market their monarchical Belmore Hotel, in the NSW equine capital. Built 1866, the two-storey Belmore of Scone was originally named the Railway Hotel, before being renamed the Belmore in 1871, following a visit by the Earl of Belmore. Occupying a prominent 1,555sqm lot on Kelly Street, it stands adjacent
Australian Venue Co continues its investment into regional Victoria with acquisition of the popular Birallee Tavern of West Wodonga. The Tavern is a sandstone and brick structure, built in 1994, located in a shopping centre precinct in a significant residential area of the Victorian border town of around 15k people. It provides a spacious public
Oscars’ Mario and Bill Gravanis have made their first big move into the red hot regional market, partnering with Craig Power to purchase the entire The Pub Group Tamworth portfolio from Bevan Douglas. The Pub Group, based in the NSW regional centre of Tamworth, was founded in 1989 and has been owned and operated since
A new pub outfit headlined by Bruce Mathieson has secured the Merrimac Tavern, on the Gold Coast. The Queensland OLGR website reports approval for the licences to Merrimac Operations P/L, as trustee for the Merrimac Tavern Operations Unit Trust, which was formed in April of this year. Corporate documents show Merrimac Operations counts as directors
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