Landmark coastal pub the Bay Hotel and surrounding businesses have been listed by the Cullen family, after 35 years owner-operation. The diverse business is set on a combined landholding of 4.4 hectares in Bonnells Bay, overlooking Lake Macquarie, with an approximately 392-metre frontage to Fishery Point Road. The large format pub holds a 2am liquor […]
The years since the pandemic have been some of the toughest on record for insurance markets, particularly in hospitality, and rising economic pressures have forced greater attention on managing the cost of insurance. GSA’s Charles Galayini says providers are responding to operators with a greater focus on ongoing operational exposures, which provides an opportunity for
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Long-time owner Donna Asensio has offered up the quirky Kuleto’s hotel on King Street in inner west Newtown, holding plenty of upside for a hands-on operator. Formerly known as the Milton Hotel, the three-storey venue is at the northern end of King Street, proximate to the Marlborough, Newtown and Coopers hotels, around six kilometres south-west
One of NSW’s largest pub operators, the O’Hara Hotels Group has recently benefited from strategic partnerships with major industry suppliers Tabcorp and Quantaco. OHG owns and operates pubs throughout metro and regional NSW, counting a suite across Sydney, as well as in Orange, Wagga Wagga, Young, Nowra, Wollongong, Rutherford and Salamander Bay. Group principals
Ballarat’s historic and celebrated Mallow Hotel has closed in a cloud of questions, as its husband and wife operators disappear. A pub was first built on the site in 1862, but the current structure was likely constructed later that century and modified a number of times since. It has had its brushes with authorities, the
The big-ticket sale of Kinselas and the Courthouse Hotel by MA Financial to operator-developer Virtical has fallen over, with parties now arguing the specifics in court. Last September news broke that Moelis was divesting the pair of pubs at Taylor Square to the private company for just north of $60 million. The unlisted MA
The Adgemis Public sunder has taken another twist with operation partners The Maybe Group announcing today the immediate end of their tenure together. Award-winning cocktail bar Maybe Sammy and Randwick pizzeria Maybe Frank will return to The Maybe Group, led by co-founders Vince Lombardo and Stefano Catino. The operation of El Primo Sanchez in the
Lender Australia Pacific is selling Public Hospitality venue El Primo Sanchez Hotel – formerly the Rose, Shamrock and Thistle – as Adgemis’ collection unravels. One of Paddington’s historic pubs, the Rose, Shamrock & Thistle first opened in 1884, on the site beside where it now stands. The original building was demolished and in 1939 the
The run of Victorian regional pub sales has continued with new locals taking over the picturesque Ocean View Hotel in Kilcunda. Found in the heart of Victoria’s picturesque Gippsland coastline, the ‘Killy Pub’ is the flagship of the seaside town of around 600 residents, just under two hours from Melbourne’s CBD. The hotel provides a
Redcape has given a fresh boost to the portfolio reshuffle, selling three more of its A-grade pubs to two different buyers, for a total value of over $136 million. The latest three hotels to exit the Redcape stable are the Kings Head Tavern in Hurstville, the Australian Brewery in Rouse Hill, and the Eastwood Hotel.
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