Gaming systems arm of Tabcorp, MAX, is resuming regular trading services, following nearly $200 million in support for venues by the companies. Tabcorp and MAX acknowledge the impact COVID-19 has had on business, particularly the gaming and hospitality industries, which they proffer have experienced disruption “like few others”. Since the pandemic onset in March 2020 […]
MAX RESUMES SERVICES FOLLOWING $200m IN INDUSTRY SUPPORT Read More »
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
After five thirsty years awaiting some Merivale magic, the beloved and rescued Alexandria Hotel will soon officially open ‘Backyard at the Alex’. Billed as an “outdoor community hub” for socialising over great food and drinks, the fit-out takes inspiration from a classic family yard. Inside, the pub is currently stripped bare, with no working kitchen.
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,
Australian Venue Co continues its major capex program into its Queensland pubs with transformation of the much-loved Bribie Island Hotel. A $2.2million renovation has begun, embracing “the island holiday life” through creation of a modern, coastal venue and entertainment hub targeting both locals and tourists. Bribie Island is a 90-minute drive from Brisbane, and accessible
BRIBIE ISLAND ‘NEXT CHAPTER’ UNDER CONSTRUCTION: AVC Read More »
Aiming to work with pubs ready to transition to digital systems, Wirely is now offering its purpose-built Checklist and Shift Report modules at no charge. Wirely produces software specifically for hospitality, providing three user levels, with escalating functionality. It is offering up two of the modules in the Wirely Basics package, for the benefit of
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
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