Real Estate

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

Posted on August 30th, 2019 by Clyde Mooney
This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio

RICHMOND HOT PROPERTY TO TEMPT HOTELIERS

Posted on August 28th, 2019 by Clyde Mooney
Parties have combined to bring the freehold going concern of Richmond’s RG McGee’s to market, triggering what will likely be one of the year’s hotly contested campaigns. RG McGee’s enjoys a sizeable 942sqm landholding within Richmond’s main retail and commercial

HURLEYS GO COASTAL WITH IVORY TAVERN TWEED HEADS

Posted on August 23rd, 2019 by Clyde Mooney
Industry stalwart the Hurley Group has expanded beyond home state with purchase of Brendan Lawless’ elegant Ivory Tavern in Tweed Heads. NSW publican Brendan Lawless purchased the Ivory in 2017, taking option on the freehold going concern from a Brisbane-based

GOULBURN GOLD TO MARKET BY REQUEST

Posted on August 21st, 2019 by Clyde Mooney
In the wake of offers to sell, the Empire Hotel and operation in the heart of Goulburn is being offered to market.  The Empire occupies a sizable 1,578sqm block in Goulburn’s main retail and commercial area, in the centre between

HUNTER SURRENDERS REGAL STANCHION

Posted on August 19th, 2019 by Clyde Mooney
Cessnock’s handsome Royal Oak Hotel has come to market, harbouring local opportunities in a region skirting top-of-market influences. The commanding two-storey brick Royal Oak occupies a sizeable 1,619sqm block on one of the busiest corners in Cessnock, around 50 kilometres

MURPHY GETS COMMERCIAL IN REDBANK

Posted on August 16th, 2019 by Clyde Mooney
Another NSW hotelier has jumped the border, with Gerry Murphy paying circa $6 million for classic ‘Queenslander’ the Commercial Hotel at Redbank. The two-storey balcony-clad mostly timber pub was built 1915 on a generous 2,702sqm lot, in the block between

ALH ACQUISITION SHAKES UP LOCALS

Posted on August 14th, 2019 by Clyde Mooney
Australia’s largest pub group has gotten a little larger on its road to independence, looking to shake up Ingham with a big-budget revival of the troubled East Ingham Hotel. The two-storey pub holds a generous 4,046sqm block, with main public

QUEENSLANDER HEADS TO FRISCO

Posted on August 14th, 2019 by Clyde Mooney
A Queensland-based hotel investor has secured Woolloomooloo’s heritage-listed Frisco Hotel from the Micola family. The Frisco occupies a tidy 304sqm corner lot in Sydney’s historic wharf district, built back in 1856 to serve the public house needs of the local

SORRENTO SALE AS BROO BREWS FUTURE

Posted on August 12th, 2019 by Clyde Mooney
Kent Grogan – owner of Broo Ltd – has put to market his Sorrento Brewhouse on the Mornington Peninsula, as recent expansion in the beer business consumes his focus. The Sorrento Brewhouse is a newly-refurbished limestone building, occupying a large