Real Estate

NEW DEAL ON THE OLD FITZ

Posted on October 7th, 2020 by Clyde Mooney
In the end of an old era, Woolloomooloo hotelier Gary Pasfield has listed the lot at his city-fringe stalwart, the Old Fitzroy Hotel. Overseeing the corner of Dowling and Cathedral Streets on a commanding 237sqm site in Sydney’s bustling waterside

THORPE HAT TRICK TO REVIVE THE DUKE

Posted on October 2nd, 2020 by Clyde Mooney
The Duke of Enmore has a new master, with the leasehold interest sold to emerging Sydney operator James Thorpe. The Thorpe brothers took on Darlinghurst beer mecca The Taphouse in 2017. They took their next step into Petersham’s Oxford Tavern

LAUNDYS PASS SWANSEA TO HUNTERS

Posted on September 30th, 2020 by Clyde Mooney
The Laundy family has brushed up the portfolio with sale of the big Swansea Hotel, sold in a second deal with the growing family-run Hunter Hotels. “We plan to be active in this environment both in terms of reviewing opportunities

TWO ‘MAGNETIC’ PUBS FOR SALE

Posted on September 30th, 2020 by Clyde Mooney
Two large hospitality businesses on Queensland’s Magnetic Island have come to market, as a family operation looks to wind up and capitalise on the market for strong-performing coastal assets. Magnetic Island is eight kilometres off the coast from Townsville, with

CHARTER HALL INVEST IN ALH’S PARAP

Posted on September 25th, 2020 by Clyde Mooney
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its

REBOUND REFLECTED IN REDCAPE Q1

Posted on September 23rd, 2020 by Clyde Mooney
ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19

AVC OFF TO AN OLD START IN ROBE

Posted on September 21st, 2020 by Clyde Mooney
Australian Venue Co. has announced its first post-COVID acquisition, signing on for the long-term lease of the historic Robe Hotel on the South Australian coast. The heart of the town of Robe, the Hotel will be AVC’s newest oldest pub,

LEWIS GROUP GOES LONG IN MON KOMO

Posted on September 21st, 2020 by Clyde Mooney
Lewis Land Group has announced completion of its acquisition of Redcliffe’s Mon Komo Hotel, representing the first Queensland pub transaction finalised amidst the COVID-19 pandemic. Mon Komo is a multi-faceted hospitality venue in what is considered the most desirable position

ALE SLUMPS ON NEWS BACKING NO RENT INCREASES

Posted on September 21st, 2020 by Clyde Mooney
In a significant development for the increasing discussion around rent for tenants in the aftermath of COVID-19, the ASX-listed ALE Property Group announced it has taken a backward step in its quest for rental increases at many of its ALH-occupied

RISING NEWCOMER CATCHES MARVAN’S EVENING STAR

Posted on September 18th, 2020 by Clyde Mooney
The ready to shine Evening Star Hotel in Surry Hills has been sold for $12 million by Marvan Hotels to up-and-coming hotelier Barham Hamarashid, who is looking to capitalise on the precinct’s resurgence. Marcus Levy’s Marvan Hotels listed the pub