Clyde Mooney, Author at PubTIC

ORION SEES BLUE SKY IN KENT WALKER’S EARLWOOD

Posted on April 20th, 2022 by Clyde Mooney

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

KELLY PORTFOLIO SELL-DOWN FINALISED

Posted on April 20th, 2022 by Clyde Mooney

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

AVC REFINANCES AS BLUE-CHIP FREEHOLDS TURN GOLD

Posted on April 20th, 2022 by Clyde Mooney

The booming Australian Venue Co is refinancing a new $600 million debt facility, as investors flock to hold the deeds on its pubs around the country. Most recently, the freehold of the Bentley Hotel and associated First Choice Liquor outlet

RAY FAMILY DEPARTING THE IVY AFTER FIVE DECADES

Posted on April 20th, 2022 by Clyde Mooney

After nearly five decades in the same hands, the handsome New Ivanhoe Hotel of Blackheath is for sale by the Ray family. Found on a large site of around 1,500 sqm on the Great Western Highway in Blackheath, in the

OSCARS SHAKE-UP SNARES MALOUFS’ BIG CAVES BEACH

Posted on April 13th, 2022 by Clyde Mooney

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

HARVEST WELCOME MORE WAGGA IN THE VIC

Posted on April 13th, 2022 by Clyde Mooney

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 BETOOTA IS BACK IN BUSINESS

Posted on April 13th, 2022 by Clyde Mooney

With an accordant level of pomp and ceremony, the famed Betoota Hotel, intrepid Bastian of the outback, has reopened in time for the tourist rush to Birdsville. After a two-year break in proceedings, the legendary Birdsville races return in 2022, scheduled

SEIZING THE DAY, WITH DATA

Posted on April 13th, 2022 by Clyde Mooney

The global pandemic has proven an accelerant for technological applications across many industries, and hospitality businesses are poised to battle headwinds or reap the whirlwind of consumer evolution. According to Forbes, the past two years have generated 90 per cent

NELSON MEERS AT CROSSROADS FOR $160m

Posted on April 11th, 2022 by Clyde Mooney

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

DON HODGE GROUP TAKE LAKE MACQUARIE

Posted on April 11th, 2022 by Clyde Mooney

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,