Wallaby hotelier Bill Young has listed his twice-loved Friend in Hand of Glebe, to focus on the family’s growing stable of large-format pubs. Built 1858, the two-storey Friend is a vestige of Glebe’s blue collar past. It is close to the big Broadway Shopping Centre and adjacent to Roxy Pacific’s West End Residences development of […]
Redcape has announced its full-year financial results, along with proposal it delists its dissatisfying shares from the ASX. Today Redcape Hotel Group Management, as the responsible entity of the Redcape Hotel Group (ASX:RDC), announced financial results for year ending 30 June 2021. The news was highlighted by statutory net profit after tax (NPAT) up 153.6
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner of the Nepean Highway in Cheltenham, 20 kilometres south-east of the Melbourne CBD, the Tudor
Sydney pubs might be open again in weeks, as government talks with industry on policies and timing and the possibility of ‘COVID passports’. After eight hard weeks of lockdown, venues in NSW closed under COVID restrictions could be allowed to reopen as soon as September – but only for staff and patrons that are fully
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera is around two and a half hours’ drive north-east of Adelaide, on beautiful Lake Bonney
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales. The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and a manager’s residence. Its central position on Murwillumbah’s main street provides high vehicular and pedestrian
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has been sold by public auction. Occupying a generous 2,453sqm, the Royal has one of the
Local legend Frank Deshon has saved the pub and people of Hebel from fading off the map by buying every business in town. Hebel is a tiny town in south-west Queensland, on the Castlereagh Highway, just a few kilometres on the Sunshine State side of the border with NSW. It counts around 60 residents across
PHMG is working with developers on a brand-new family-friendly pub within a major new retail and commercial development in Hurstville. Currently under construction, One Hurstville Plaza is a $60 million 14-storey office tower at 288 Forest Rd, between Westfield, Hurstville Central and the train station. A proposal was lodged at the end of July for
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a licensee’s apartment upstairs, as well as a small bottleshop, barbershop and other facilities on the
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