As Sydney languishes under the weight of lockouts and trade restrictions, Diageo recently assembled a brains trust to discuss the city’s revival and plans for moving forward. The world’s largest drinks manufacturer has an unrivalled perspective on alcohol consumption and societal trends, and emphasized the fact that populations around the world have been drinking ‘less […]
DIAGEO “STANDS WITH” INDUSTRY TO HELP REVIVE SYDNEY Read More »
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South Fremantle pub asset newly re-positioned by local proprietors Phil Thompson and Ross Macpherson. The pub
A stalwart of NSW regional pubs is alive again, with the reopening of Hinton’s historic and indispensable Victoria Hotel last Friday. Following the untimely death of former owner Michael Mullane in January, a pair of local mates banded together to realise their long-considered dream of owning Hinton’s local pub. Thus Goldthor Hotels was born, purchasing
Some of the largest hotel brands in Australia have avoided court action over underpaying cleaning staff. Four and Five-star hotels Starwood (owner of Sheraton brand), Accor and Oaks Hotels were investigated following more than 7,600 calls from cleaners claiming to be underpaid. The hotels had engaged contractors, who had in turn sub-contracted the work to
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of its turn-around strategies at the hands of the new board of directors hopes to capitalise
LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET Read More »
The inaugural Licensee Super Forum was held yesterday in Melbourne, bringing key industry stakeholders and professionals together to discuss furthering the city’s success. Around 320 people gathered at the heart of the southern capital, Melbourne’s Town Hall – the site of countless historic moments and performances over the past 135 years, including debate on Australia’s
MELBOURNE LICENSEE SUPER FORUM REFLECTS ‘FOOD & LEISURE’ CAPITAL Read More »
After the successful introduction of a new tenant, the freehold of the Petersham Hotel has burst onto a market prowled by investors. Located just a few kilometres from Sydney’s CBD, the Hotel possess a coveted 3am licence, bistro, nine EGMs and prominent position on bustling Parramatta Road. It is occupied by operators of the nearby
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John Murphy and CEO John Osborne have led an orchestrated plan to reverse the company’s flagging
LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND Read More »
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted plans to construct a new $7 million venue to be known as the Red Lantern
REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION Read More »
The DreamGirls nightmare has continued for owner Michael Frank Amante, as battles with OLGR and a raid in December result in closure of the venue, and now his conviction. Police and officers of OLGR (now Liquor & Gaming NSW – L&GNSW) simultaneously raided strip clubs DreamGirls and Bada Bing on 19 December, 2015. Three individuals
KINGS CROSS OWNER CONVICTED FOR OPERATING ILLEGAL BAR Read More »
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