Real Estate

IRIS LANDS ALH’S CAMBRIDGE TAVERN FOR $56m

Posted on June 19th, 2019 by Clyde Mooney
Sam Arnaout’s Iris Group has snapped up another massive Sydney pub, securing the freehold operation of ALH’s high-performing Cambridge Hotel in Fairfield for $56 million. Still celebrating last month’s milestone acquisition of Manly’s The Steyne, Iris continues its rapid portfolio

OSCARS BUILDS ON INNER WEST EMPIRE

Posted on June 17th, 2019 by Clyde Mooney
Oscars Hotels has snapped up another inner west landmark, taking title to the freehold going concern of Parramatta Road icon the Empire Hotel, in Annandale. Built circa 1890 for Tooth’s & Co, the three-storey Empire, particularly its façade, was refashioned

PORTERS BUILD FUTURE AT PLAINLAND PUB

Posted on June 17th, 2019 by Clyde Mooney
The dedicated and long-serving Porter family has doubled the footprint of Porters Plainland Hotel with a $7 million development to deliver a dream more than a decade in the making. The Porter family bought the big Plainland, on a sprawling

GOOD TIMES AS INGHAM-MYERS DIVEST NEW ENGLAND

Posted on June 17th, 2019 by Clyde Mooney
Brett Nielson and Steve Forbes have taken their newly-formed Good Times Industries west to Armidale, picking up ‘The Newie’ as the Ingham-Myers' exit the region. Nielson is long-time owner of the Glengarry Castle Hotel in Redfern, where he used to

OXFORD HOTEL DRUMMOYNE BACK TO MARKET

Posted on June 14th, 2019 by Clyde Mooney
Private hoteliers Michael Wiggins and Joanne Cassar have put up the big corner Oxford Hotel in Drummoyne, in a rare opportunity for Sydney’s tightly-held gaming market. Wiggins and Cassar have owned a string of pub operations, divesting their Royal Exhibition

PENTAGON TAKES $30m EBC PORTFOLIO

Posted on June 12th, 2019 by Clyde Mooney
The expanding Pentagon Group has fronted up over $30 million for EBC Leisure’s portfolio of three pubs in the blossoming apple isle. Unlisted pub vehicle EBC began moves last year to divest its pub interests, after more than a decade

KEARNEYS OFFER UP NEWCASTLE’S BEAUFORD

Posted on June 12th, 2019 by Clyde Mooney
After more than 30 years on the job, Newcastle pub stalwarts the Kearney family have determined to depart their Beauford Hotel, in Mayfield. The two-storey red brick pub was built on a 1,473sqm block around 1924, dominating the corner of

HUNT SEEKS BUYER FOR THE KENT

Posted on June 7th, 2019 by Clyde Mooney
Central coast pub doyens the Hunt family have put to market their high-performing The Kent, offering up one of the biggest NSW hotel businesses north of Sydney, amid Newcastle’s ongoing renaissance. Built 1924, The ‘Royal’ Kent dominates a corner of

50-YEAR PUBLICANS BID FAREWELL TO SUBIACO

Posted on June 7th, 2019 by Clyde Mooney
After a half-century, Michael and Judy Monaghan, and partners, are selling the stately Subiaco Hotel in western Perth. The multi-storey Victorian hotel on Hay Street in the upmarket Perth suburb of Subiaco was built in the gold rush days of

CLANCYS LOOK TO EXIT THE BANK

Posted on June 5th, 2019 by Clyde Mooney
The Clancys are taking The Bank to market, offering a handsome Maitland freehold as they look to far horizons. The two-storey Bank occupies a sizeable 2,346sqm block on East Maitland main road Melbourne Street, just off the New England Highway.