Hospitality investment entity and operator Harvest has unveiled its “evolution” from Hotels to Hospitality, plus a new investment strategy in a burgeoning asset class. Many operators and investors see hospitality assets as combining the stability of resilient revenue with the potential for long-term appreciation. When suitable assets are strategically acquired and properly managed they deliver […]
Popular destination of central western NSW, the Collie Hotel, has sold to a Melbourne-based new entrant to the industry. Established circa 1862 as the Marthaguy Hotel – a simple, roadside half-way house for travellers – the pub morphed into the Collie Hotel in 1901, set on a generous 4,295sqm site on the edge of the
For almost two decades, Andrew Watson and his family have cultivated a strong community at The Hobson Stores, in the Melbourne suburb of Sandringham. Originally built in 1911 as a haberdashery, the building has been the home to many businesses, although none that have brought together the community in such a powerful way. With a
The Reserve Bank has recommended an end to surcharges on EFTPOS payments and cards as part of its investigation into merchant fees, claiming businesses will be better off and Australians will potentially save billions each year. Payment surcharge laws began in the ‘90s to deter the use of high-interest credit cards, however the outdated legislation
Veteran hotelier Greg Maitland has listed his large-format Paradise Hotel in suburban Adelaide, offering potential in a robust hospitality complex. The hotel is located on a highly strategic 8,500sqm lot on Lower North East Road, in Paradise, and is equipped with multiple trading areas, providing public bar with TAB facilities, a spacious bistro and recently
A brand-new pub has arrived in Queensland’s Whitsundays, offering something old-school different to stand out from the pack. Hospitality veterans Roger Hunter (previously at Paddy’s Shenanigans), Ivan Lonsdale (Magnums) and Matt Bayford saw a gap in the market and leapt to fill it. The trio realised that there wasn’t a option in the area for
Universal Hotels has exchanged its thumping Newtown Hotel for the iconic Lord Roberts in Darlinghurst, in a deal valued at around $20 million. The Newtown Hotel resides on a high exposure 700+sqm corner of the bustling King Street retail and entertainment strip, close to Newtown Station and the University of Sydney. The multi-level building caters
Another of the distressed Public Hospitality portfolio has sold, seeing Paddington’s long-standing ‘Three Weeds’ going to an unnamed “private investment syndicate”. The former Rose, Shamrock and Thistle, more commonly known as Three Weeds, is one of the precinct’s historic pubs, first opening on the present 536sqm site in 1884. The current four-storey Art Deco hotel
Toowoomba’s Southern Hotel plans to expand facilities and go solar, with a whopping six hundred and twenty nine new power-generating panels. The pub lodged a “minor change” with its local council to erect five solar shade structures. These will cover the majority of its 172 car spaces and hold the new solar panels. The planning
The O’Hara Group has expanded its presence in Parramatta, quietly opening an all-new brownfield pub in the heart of the CBD. Station Hotel is a all-new, multi-level watering hole on Church St, opposite Westfield, for up to 450 patrons. It aims to attract both workers and local residents, touting “exceptional food, welcoming spaces and memorable
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