After triumphantly ending five years in the dark in late 2023, the historic Edinburgh Castle has closed again in the hands of receivers. Ending much anticipation in the southern suburbs of Adelaide, the Castle reopened in December under new operators Jatin Malhotra and Rohit Kapur. Around half-a-million was spent sprucing up the fit-out in preparation, […]
The handsome Tottenham Hotel in ‘The Soul of the Centre’ is being sold, offering an entry level going concern opportunity. A classic two-storey corner pub with full wrap-around veranda, construction on the hotel was completed in 1931. It resides on a sizeable 2,023sqm lot and lays claim to being the only licensed hotel in town.
The finance landscape in the pub industry is under pressure, as businesses continue to find their feet following the pandemic and the fallout from high interest rates takes its toll. Most instances of loans issued to a pub will involve bank covenant reporting imposed on the borrower. There are variations of commercial loan products, and
Publican-developer Iris Capital has won approval on appeal for its plans to reimagine the Ibis Budget Hotel in Wentworthville into an expanded pub hotel facility. Located on a busy corner of the Great Western Highway, close to the Cumberland Highway, the site is also well serviced by public transport facilities and buses to the area.
Australian Leisure & Hospitality (ALH) has partnered with leading agriculture charity Rural Aid to raise money for Aussie farmers doing it tough. The “Parma for a Farmer” initiative will see $1 from each chicken parmigiana sold throughout February donated toward Rural Aid’s mission, to support farmers and their families by addressing pressing needs. Across Australia’s
The bitter-backed Power family is looking to capitalise on its success at the Norman Hotel with trademark of its famous boast of being the “worst vegetarian restaurant”. Named in honour of Queensland Governor Sir Henry Norman, who served from 1888 to 1895, the pub threw open its doors at Woolloongabba in 1889. It has long
Kelly & Co Hotels has divested the “opportunity-laden” Corindi Beach Hotel on the NSW Coffs Coast to honed local Harry Barry. Originally known as the Amble Inn, the large-format pub sits on an enormous 16,120sqm site and includes public bar, kitchen and bistro, gaming room with 12 EGMs and a popular bottleshop that is the
AVC has advanced its position in the Sunbury locality, unveiling its multi-million-dollar renovation of the Ball Court Hotel, designed with the entire community in mind. The group bought the pub in Sunbury, around 40 kilometres north-west of the Melbourne CBD, in late 2021. Applying its trademark investment strategy, Australian Venue Co (AVC) re-opened the pub
Detectives in Victoria are investigating the theft of more 200 empty kegs from outside pubs in suburbs of inner-Melbourne. Opportunistic thieves have been swiping the empties throughout the past five months, and possibly longer. Each keg unit is valued at about $150, making the collective theft more than $30k. Yarra detective Sergeant Ryan Forde suggests
The Dennis family has offered up their big, long-held Australian Hotel in Nowra, anticipated to be one of the south-coast region’s most keenly contested sale campaigns. Located on a 2,665sqm site in the heart of the Nowra CBD, the pub is one of only two on the northern side of the Shoalhaven River. It adjoins an
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