Clyde Mooney, Author at PubTIC

HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS

Posted on November 23rd, 2020 by Clyde Mooney

ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD,

HALLMARK TAKES THE HEART OF BRISBANE

Posted on November 23rd, 2020 by Clyde Mooney

Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868,

NEW MOELIS FUND WINS BATTLE INTO COURTHOUSE

Posted on November 20th, 2020 by Clyde Mooney

The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million. The Courthouse is an icon of the Oxford

REDCAPE TEMPTS COOTES OUT OF THE GLADDY

Posted on November 20th, 2020 by Clyde Mooney

ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will

SA HUNKERS DOWN TO QUASH OUTBREAK

Posted on November 20th, 2020 by Clyde Mooney

Jumping to put the lid on an outbreak of coronavirus in Adelaide, on Wednesday the South Australian Government initiated a second and hopefully short-term lockdown of the State. Premier Steven Marshall described the proposed six-day measure as a “circuit breaker”

MERIVALE SERVES UP SUPER SCHOONERS

Posted on November 20th, 2020 by Clyde Mooney

Some of the greatest minds in Australian drinking have combined to solve the problem of having to carry too many schooners at once, with the Super Schooner. Merivale has partnered with Lion, along with marketing company Ogilvy, to produce

NSW BUDGET TO SHOUT EVERYONE FOOD AND FUN

Posted on November 18th, 2020 by Clyde Mooney

The NSW budget announced yesterday has flagged $100 in hospitality vouchers for every adult in the State in a $500 million bid to help re-start the sector. The budget has earmarked four $25 'Out & About vouchers', to be spent

ALE RECORDS VALUE GROWTH AND TIGHTER YIELDS

Posted on November 18th, 2020 by Clyde Mooney

Following completion of independent valuation and a rent-determination process, ASX-listed ALE Property Group has recorded a $51.6 million gain in the value of its 86-venue portfolio and further support to its case for rental increases. As of 31 October the

JEWEL OF SOUTH MELBOURNE TO FETCH PRETTY PENNY

Posted on November 18th, 2020 by Clyde Mooney

The storied Emerald Hotel in South Melbourne has come to market for the first time in 48 years. Nestled on a 667sqm corner site, just a few kilometres south of the Melbourne CBD, with the 12 tram running right past

STARS ALIGN IN DUBBO SALE

Posted on November 16th, 2020 by Clyde Mooney

A Star of the state’s central west has come to market with generational owners joining with thriving leaseholders to offer the freehold going concern to market. The large format Western Star Hotel is considered an institution in the burgeoning Evocity