Australia’s prioritisation of living standards and ‘a fair go’ have led to us having amongst the highest labour costs for business in the world, largely due to Australia having the highest minimum wage in the world, at roughly US$18.10 per hour (H1 2025). By comparison, the Federal minimum hourly wage in the USA is $7.25, […]
Hospitality investment entity and operator Harvest has unveiled its “evolution” from Hotels to Hospitality, plus a new investment strategy in a burgeoning asset class. Many operators and investors see hospitality assets as combining the stability of resilient revenue with the potential for long-term appreciation. When suitable assets are strategically acquired and properly managed they deliver
Popular destination of central western NSW, the Collie Hotel, has sold to a Melbourne-based new entrant to the industry. Established circa 1862 as the Marthaguy Hotel – a simple, roadside half-way house for travellers – the pub morphed into the Collie Hotel in 1901, set on a generous 4,295sqm site on the edge of the
The Reserve Bank has recommended an end to surcharges on EFTPOS payments and cards as part of its investigation into merchant fees, claiming businesses will be better off and Australians will potentially save billions each year. Payment surcharge laws began in the ‘90s to deter the use of high-interest credit cards, however the outdated legislation
Veteran hotelier Greg Maitland has listed his large-format Paradise Hotel in suburban Adelaide, offering potential in a robust hospitality complex. The hotel is located on a highly strategic 8,500sqm lot on Lower North East Road, in Paradise, and is equipped with multiple trading areas, providing public bar with TAB facilities, a spacious bistro and recently
Universal Hotels has exchanged its thumping Newtown Hotel for the iconic Lord Roberts in Darlinghurst, in a deal valued at around $20 million. The Newtown Hotel resides on a high exposure 700+sqm corner of the bustling King Street retail and entertainment strip, close to Newtown Station and the University of Sydney. The multi-level building caters
Another of the distressed Public Hospitality portfolio has sold, seeing Paddington’s long-standing ‘Three Weeds’ going to an unnamed “private investment syndicate”. The former Rose, Shamrock and Thistle, more commonly known as Three Weeds, is one of the precinct’s historic pubs, first opening on the present 536sqm site in 1884. The current four-storey Art Deco hotel
The O’Hara Group has expanded its presence in Parramatta, quietly opening an all-new brownfield pub in the heart of the CBD. Station Hotel is a all-new, multi-level watering hole on Church St, opposite Westfield, for up to 450 patrons. It aims to attract both workers and local residents, touting “exceptional food, welcoming spaces and memorable
The Albany Hotel is one of potentially many pubs that is in business today after legally wiping most of its debt, courtesy of Australia’s new-ish Small Business Restructuring (SBR) laws. Turning 60, Neville Walton went through with a long-held dream to buy and operate a pub in his pre-retirement, taking over the business at the
Balmain’s beleaguered Town Hall Hotel is back, after selling this week to a ‘restitutional’ investor as the Public Hospitality portfolio flounders. The Town Hall Hotel was built in 1888 on a corner of arterial Darling Street, opposite the suburb’s actual Town Hall, as part of the Balmain Civic group of buildings. In recent years it
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