Real Estate

REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

Posted on August 19th, 2020 by Clyde Mooney
Redcape Hotel Group Management today announced full year FY20 results for Redcape Hotel Group (ASX:RDC), offering a solid perspective on the impact of COVID-19. RDC’s distributable earnings were on track for an increase of 22.1pc in the first eight months

APPLEJACK BACK AND IN THE FORRESTERS

Posted on August 19th, 2020 by Clyde Mooney
Surry Hills stalwart the Forresters Hotel has been purchased by Ben Carroll and Hamish Watts’ specialty group Applejack, marking their first pub venture in four years. Carroll and Watts worked together in the late 2000s within National Leisure & Gaming

EXPANDING PUB GROUP’S GOOD INTENT

Posted on August 12th, 2020 by Clyde Mooney
Grafton’s generous Good Intent Hotel and adjacent retail shopping complex have been sold to a growing pub syndicate for a reported record price for the region. Hotelier Reg Hinch and builder Reg Want built the Good Intent in their home

CALLS FOR RENT REVIEWS AMID COMPROMISED TRADING

Posted on August 10th, 2020 by Clyde Mooney
Leading pub operators are calling on landlords for renegotiated conditions in the wake of COVID-19, prompted by the major losses in revenue across the board and second closure period for Melbourne. The call comes as news from research entity Morgan

DIXON’S NEW GROUP HEADS NORTH TO CENTRAL

Posted on August 5th, 2020 by Clyde Mooney
Former Dixon Hospitality stakeholder Michael Dixon has signed his first deal through his private vehicle Athena Hospitality, to acquire Queensland’s high-performing Central Tavern in Burpengary. Athena is understood to have lodged application with OLGR for the leasehold acquisition and transfer,

SINGLETON CRITERION SOLD

Posted on August 3rd, 2020 by Clyde Mooney
The stately Criterion Hotel in Singleton has sold for around $3 million as strong regional assets continue to attract the attentions of opportunity-starved operators further afield. The pub offers bar, bistro, large outdoor beer garden, gaming room with 14 EGMs

CLERMONT GRANDEUR ON OFFER

Posted on August 3rd, 2020 by Clyde Mooney
A Grand Hotel in the heart of bustling Clermont has come to market, presenting opportunity for the gamut of buyer types. Clermont is a rural hub, around 290 kilometres south-west of Mackay, and central to the industrious Isaac region, with

OSCARS TO FLIP HAROLD PARK HOTEL

Posted on July 29th, 2020 by Clyde Mooney
Hot on the heels of another big acquisition, the Gravanis brothers’ Oscars Hotels is divesting famed comedy house and inner west secret the Harold Park Hotel. What was once the Little Bridge Hotel in 1903 was destroyed by fire in

DENILIQUIN’S SPORTSMANS ARMS FOR SALE

Posted on July 29th, 2020 by Clyde Mooney
The big Sportsman’s Arms in downtown Deniliquin is being sold as a freehold vacant possession, currently operated under management, in the heart of the Riverina. Deniliquin – aka “Deni” – is a pastoral region producing beef, wool, lamb and assorted

ROYAL SCONE JOINS THE KELLY GANG

Posted on July 27th, 2020 by Clyde Mooney
Kelly & Co is back on the horse, taking the reins to the “best pub” Royal Hotel-Motel in Scone, Australia’s preeminent equine arena. Rodney ‘Ned’ Kelly began his career as a publican in 1997 at the Belmore Hotel, established 1866