Growing regional publican Adam Drabarek has bought the Howlong Hotel, in the NSW border town of Howlong. Established in 1858, the single level brick Hotel occupies a prominent 2,023sqm corner site, with single bar operation, bistro, and gaming room with seven machines. It is newly refurbished, having seen significant works during the COVID-19 lockdown period. […]
PUBLICAN SAYS HOWLONG, AMID RED-HOT REGIONAL COMPETITION Read More »
Bundaberg’s landmark Grand Hotel has been sold, amid strong ongoing demand for pub investment opportunities in regional Queensland. Situated on a large 2,024sqm lot in Bundaberg’s CBD, the mighty Grand offers a large main bar area, restaurant, function facilities, beer garden, and 27 accommodation rooms, in recent years run as a 90-bed backpacker facility. The
Ned Kelly’s burgeoning pub group has taken the deeds to the Belmore Hotel in Scone, in a return to where it all began for the industry veteran. Built 1866 in the upper Hunter Valley as the Railway Hotel, the pub was renamed the Belmore in 1871, after a visit by the Earl of Belmore. Some
Kent Walker’s high-performing Earlwood Hotel has been snapped up by the newly-formed Orion Hotel Group, in a continuation of industry behaviour driving escalating values. Earlwood is a one-pub suburb virtually surrounded by suburbs with no pub, and benefitting from the Canterbury-Bankstown Masterplan, bringing upgraded town centres, high-rises and 24-hour commercial hubs. Enjoying a wide trading
Sale of the last of Damian Kelly’s portfolio has been finalised, finding new keepers for the large-format North Nowra Tavern and Crown Hotel of Surry Hills. These sales follow those of the Rose & Crown Hotel in Parramatta and the Corrimal Hotel in Wollongong for a combined $74.5 million. The second half of the portfolio
Representing a portfolio shake-up and region record, the Maloufs’ Royal Hotels group has sold the oceanfront Caves Beach Hotel to the Gravanis’ expanding Oscars Hotels. Royal Hotels has expanded on operations at the seaside resort-style venue, and after the better part of a decade saw the current market as an ideal time to divest and
The acquisitive Harvest Hospitality has snapped up another Wagga Wagga institution, in the form of the hugely popular Victoria Hotel, for a new regional record price of $29 million. Occupying an imposing 1,311 sqm landholding in the heart of town, the Victoria Hotel is a large-format pub with a 3am licence, providing public bar with
The Nelson Meers group has set a new record for an Australian pub sale, putting up a reported $160 million for the massive Crossroads Hotel of Casula. Occupying a 1.28-Ha site at the junction of the Hume Highway and Camden Valley Way in Casula, 34 kilometres west of Sydney, the Crossroads is a virtual gateway
The Don Hodge Group Inc has been announced as purchaser of the coveted Lake Macquarie Tavern in Mount Hutton, for a hot market $33 million. Mount Hutton is around 140 kilometres north of Sydney, and only 14 from Newcastle CBD, and the hotel is next to Lake Macquarie Square – one of the biggest and
Lawson’s picturesque Blue Mountain Hotel has sold to new capital from Sydney, seeing K2 Property Development Group partnering with Locky Paech’s Goodtime Group. Built 1848 as the Blue Mountains Inn, the venue is perched on a high-profile 965sqm corner block, an hour west of Sydney. Likely the most iconic pub on the Great Western Highway
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