Real Estate

DE ANGELIS SELLS OUT OF BLIGH PARK

Posted on September 9th, 2020 by Clyde Mooney
The De Angelis family has completed sale of its Bligh Park Tavern to another prominent hotel dynasty. Peter De Angelis’ family have owned the hotel for nearly two decades, amid a growing pub portfolio throughout greater Sydney, counting Burwood’s Bath

MATHIESON PREDICTS LONG RECOVERY AS ALH STRUGGLES

Posted on September 7th, 2020 by Clyde Mooney
Pub chieftain Bruce Mathieson predicts a long and bumpy recovery from COVID-19, as Australia’s biggest publican is further hammered by restrictions and shutdowns. In a recent interview with The Australian, Mathieson spoke of grave fears for the economic damage being

HARVEST REAP BENEFITS IN COURTHOUSE

Posted on September 4th, 2020 by Clyde Mooney
Harvest Hotels has today reopened one of Tamworth’s oldest and most beloved pubs, the Courthouse Hotel, following an extensive renovation and reinvention. Built circa 1876, the pub was closed in June last year to undergo a full-scale transformation, encompassing everything

ROSZAKS PUT UP THE DUKE’S

Posted on August 31st, 2020 by Clyde Mooney
The handsome Duke’s Inn of Northam is now for sale amid what is predicted to be an ongoing surge in regional travel among intrastate tourists. Northam is only 90 minutes from Perth, in the heart of the wheatbelt’s Avon tourist

WOW PROFIT SLUMP BLAMED ON PUBS

Posted on August 28th, 2020 by Clyde Mooney
ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had

THE DUKE ON THE BLOCK

Posted on August 28th, 2020 by Clyde Mooney
Enmore’s revitalised The Duke has come to market as a post-COVID opportunity in a suppressed trading environment. Located on a sizeable 430sqm block on a corner of Enmore Rd, The Duke saw a significant renovation in late 2018 at the

SALE OF THE WOODENBONG

Posted on August 26th, 2020 by Clyde Mooney
Publican Sam Cruikshank has put to market his polished Woodenbong Hotel in northern NSW, including an adjoining vacant block of land for further prospects. Cruikshank and business partner David Dean operate the Turvey Tavern in Mt Austin, and Oriental Hotel

CHARLES STURT FINDS MARKET IN RIVERINA

Posted on August 21st, 2020 by Clyde Mooney
The commanding Charles Sturt Hotel of Narrandera has found its way to market, joining its sister for a monopolist opportunity in a thriving Riverina town.   Named in honour of the English explorer (Charles Sturt: 28 April 1795 – 16

DE ANGELIS BACK IN LIVERPOOL FOR $43m

Posted on August 19th, 2020 by Clyde Mooney
The De Angelis family has picked up the Macquarie Hotel in the heart of the Liverpool CBD for $43 million, representing a return to beginnings and the end of an era for Monarch and its powerful backers. De Angelis Hotels

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