Real Estate

HAWTHORN’S BEEHIVE ON OFFER

Posted on April 3rd, 2019 by Clyde Mooney
Queensland-based operator Rick Munday is divesting the long lease on the Beehive Hotel in Hawthorn, to focus on business closer to home. Munday took on the operation at the Beehive three years ago, furthering his Melbourne interests beyond rooftop function

GILBERTS GIVING UP GOLDEN FLEECE

Posted on April 1st, 2019 by Clyde Mooney
The Gilberts are looking to a swift divestment of their revived Golden Fleece Hotel in South Melbourne, switching focus to the new prize in Northcote. Andrew Gilbert and father Rick Gilbert bought the closed and run-down Golden Fleece in 2015,

SOUTH MELBOURNE PALACE LOOKS TO NEW MAJESTY

Posted on March 29th, 2019 by Clyde Mooney
The Palace Hotel in South Melbourne is on offer, as Firewater Enterprises continue to stoke the possibilities at their newest success. Located at a junction of bustling City Road, less than five kilometres from the Melbourne CBD, the Palace is

DARWIN HOTSPOT RORKES SEEKS NEW OPERATOR

Posted on March 26th, 2019 by Clyde Mooney
Popular Darwin hotel Rorkes is looking for a new operator, offering a new lease in a multi-million-dollar fit-out in Australia’s northern-most capital. The establishment at 22 Smith Street, in Darwin’s CBD, is a landmark heritage building that underwent a major

GM HOTELS ON OFFER FOR $70m

Posted on March 22nd, 2019 by Clyde Mooney
GM Hotels is shaking up the market with the portfolio sale of six pubs in Adelaide, expected to fetch around $70 million. The package represents the crème of GM Hotels collection in South Australia, and destined to be the highest

‘TOP TOWN’ QUEENSLAND HOTEL FOR SALE BOTH WAYS

Posted on March 22nd, 2019 by Clyde Mooney
The collective owners of the Queensland Hotel in downtown Goondiwindi have joined forces to offer the freehold going concern – or lease – in the ‘surprise package’ south-east Queensland community. Straddling the border with New South Wales, on the banks

NEW FACES TAKE TO THE RIVERVIEW

Posted on March 22nd, 2019 by Clyde Mooney
Balmain gastro-pub the Riverview Hotel has been taken by new entrants to the pub sector, bringing a sharp background in professional hospitality. Jimmy and Nicola Queally sold the leasehold Interest of the former Balmain Pub Group’s Riverview, citing “mixed emotions”

OSCARS PARTING WITH STRAND DARLINGHURST

Posted on March 20th, 2019 by Clyde Mooney
Rare vendors Bill and Mario Gravanis have decided to list their freehold going concern of the Strand Hotel Darlinghurst, to focus on recent acquisitions. Oscars Hotels operates 26 venues, making it one of the country’s largest privately-held groups, and one

PHMG RESHUFFLE AS WAUGH SELLS OUT OF WOOLLAHRA

Posted on March 20th, 2019 by Clyde Mooney
Industry icon Mitchell Waugh has sold his share of the landmark Woollahra Hotel and Bistro Moncur, taking away full ownership in Public House Management Group and three Sydney pubs. Public House Management Group (PHMG) purchased the iconic Woollahra in 2015

LENDLEASE LIST BARANGAROO INTEREST

Posted on March 20th, 2019 by Clyde Mooney
Development giant Lendlease has put to market its abiding interest in 35 Barangaroo Ave – home to Solotel’s acclaimed operation. The striking three-storey circular building on Barangaroo South’s waterfront is a redefinition of Australian hospitality design, featuring multi-plane timber façade