Australia’s largest publican, ALH, is clawing back in its plan to turn the balance sheet around, securing approval by the ACCC to proceed with purchase of Victorian landmark the Rye Hotel. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase the large-format pub from long-time owner Peter Houghton, for a price believed to be close to […]
Kelly & Co Hotels have furthered their strategic portfolio consolidation with the sale of the Centennial Hotel in Gulgong to a pair of newcomer siblings. Situated on a prominent corner site of 1,345sqm with excellent street frontage, the pub known by locals as ‘The Cenny’ was built in 1872. The full service operation provides single
Bundaberg hospitality stalwart Stephen Paterson has handed over his town favourite, the Railway Hotel, with the Spotted Dog Café, Bar and Grill, to first-timer Adrian Evans and partners including Arthur Laundy. Mid-2020, the iconic Spotted Dog Tavern and adjacent backpackers hostel were lost to a massive fire. The Dog was Paterson’s sixth hotel, and speaking
The Shorts have sold their idyllic and windswept Seabreeze Beach Hotel on the NSW mid-north coast to the growing Hunter group. The Short family have owned and operated the seaside pub at picturesque South West Rocks for over two decades, having purchased the title in 2001 for around $7 million. The large-format Hotel comprises state-of-the-art
After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term industry participants, who have “been through the cycles and continue to see long term value
High-flying pub group Redcape “continues momentum” in its recent divestment program, with the big-ticket sale of its prized Mount Annan Hotel to an established Sydney hotel family. Redcape de-listed from the ASX in September 2021, with shareholders hoping to achieve higher valuations and MA Financial retaining 39 per cent of the $1.4 billion portfolio. At
Kelly & Co Hotels has announced the quick-draw sale of Old Bar Tavern on the NSW mid-north coast to a partnership headed by growing regional hotelier Nick Quinn. Old Bar Tavern is found around two hours north of Newcastle, on a massive 5.74-ha site, said to be one of the largest landholdings anywhere on the
Bendigo cornerstone the Foundry Hotel is the latest in a series of regional Victorian pub deals, and a positive sign for the state’s gaming hotel market. The Kuchel family have been dug in operating The Foundry for the past 33 years, and in recent times have done extensive work on the venue, bringing the addition
There’s a changing of the guard in Macarthur as veteran Lloyd Segerstrom hands over the keys to his Hotel Bargo, to exit the game. Set on an expansive block, with lawns for events and functions, the pub comprises public bar, modern kitchen and open plan bistro, gaming room with 26 machines, and 10 upstairs accommodation
Ged Dore and partners have successfully sold their revived Salisbury Hotel in Stanmore to growing hotel operator Matthew Sweeney. A landmark of the inner west, on a prominent corner of the main retail strip 100 metres from Stanmore station, the striking three-level Art Deco-styled Salisbury was built in 1899. It provides multiple bars, bistro, gaming
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