Real Estate

WOOLWORTHS OUTLINE ALH SALE

Posted on July 3rd, 2019 by Clyde Mooney
Woolworths has finally announced strategy to divest its contentious Hotels division, to be coupled with its key liquor division, leaving the future of Australia’s biggest drinks-hospitality group dithering. ASX-listed Woolworths (WOW) today released details of its plan to merge Endeavour

PADDINGTON’S CAPTAIN COOK SEEKS FRESH CANVAS

Posted on July 3rd, 2019 by Clyde Mooney
Jirsch Sutherland Insolvency Solutions has announced sale of the leasehold interest in Sydney’s historic Captain Cook Hotel, beside the stadiums in Paddington. The stately four-storey Captain Cook, built 1914, stands at the intersection of Flinders Street and Moore Park Road,

LAUNDY JUMPS TO OXFORD DRUMMOYNE

Posted on July 1st, 2019 by Clyde Mooney
Arthur Laundy has won the race to Drummoyne’s big Oxford Hotel for circa $42 million, securing a deal in just two weeks from owner-operators Michael Wiggins and Joanne Cassar. Wiggins and Cassar bought the Oxford from Iris Group in 2015

CONTI UP FOR GRABS AS STELLAR GOES UNDER

Posted on July 1st, 2019 by Clyde Mooney
The future of Sorrento’s majestic Continental Hotel is in the wind with the property reluctantly returning to market as developer Stellar winds up. Hotelier Julian Gerner moved to Sorrento, on the Mornington Peninsula, in 2013, with his wife, to start

ALH’S $45m REDEVELOPMENT OF THE PARKWAY

Posted on June 28th, 2019 by Clyde Mooney
After considerable resistance, ALH will soon begin construction on its $45 million redevelopment of the Parkway Hotel, having cleared final hurdles. Back in 2015 the majority Woolworths-owned Australian Leisure & Hospitality (ALH) submitted plans for a massive re-working of the

HAROLD PARK RACES TO MARKET

Posted on June 26th, 2019 by Clyde Mooney
Famed comedy house and inner west local the Harold Park Hotel has come to market, boasting unbridled opportunity and a generous sale proposition. Built in the late naughties opposite what was the Harold Park Raceway, in Sydney’s Forest Lodge, four

SUMMER HOUSE LINKING EAST COAST CHAIN

Posted on June 26th, 2019 by Clyde Mooney
The Somerville brothers are taking big east coast steps with their Summer House venues, expanding out of Melbourne and now announcing two new acquisitions, in Cairns and Brisbane. A short walk from the Brisbane CBD is the Flamin’ Galah –

WOOLWORTHS’ ALH SELL-OFF DILEMMA

Posted on June 24th, 2019 by Clyde Mooney
Speculation is rife Woolworths and the Mathieson family are poised to announce sell-off of the $3.6 billion ALH pubs portfolio. Senior management of Woolworths Group and Bruce Mathieson Jr are believed to be back at the negotiating table, discussing plans

HARBOUR VIEW HOTEL LOOKS TO MARKET

Posted on June 21st, 2019 by Clyde Mooney
For the first time in 20 years, the handsome Harbour View Hotel in Sydney tourist mecca The Rocks has come to market. The HVH is one of the few freehold hotels in The Rocks, with most titles held by the

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