Real Estate

HISTORIC HOTEL MITCHELL SET TO CLOSE

Posted on October 17th, 2018 by Clyde Mooney
The century-old Hotel Mitchell west of Brisbane has issued a ‘hail Mary’ for a new owner, with trustees looking for a bare-bones offer on the historic two-storey pub. Mitchell is a town of 800 souls an hour west of Roma,

TWO BIG QUEENSLANDERS HEAD TO MARKET

Posted on October 15th, 2018 by Clyde Mooney
Private investors have offered up a portfolio of two big-trading Queensland pubs likely to be some of the last offered in the northern state for 2018. The Commercial Hotel in Redbank and Oonoonba Hotel Townsville are run under management by

GRAND VIEW SEES HUNGRY INVESTOR INTO MOUNTAINS

Posted on October 15th, 2018 by Clyde Mooney
Ben Tufrey is free to pursue retirement, having sold his long-held Grand View Hotel in the Mountains to a Chinese investor. Tufrey has owned and operated the Grand View for 16 years, virtually “going through the motions” in the past

MILES FAMILY CALL TIME ON BELLS INSTITUTION

Posted on October 12th, 2018 by Clyde Mooney
The picturesque institution Bells Hotel in Woolloomooloo has hit the market, after almost 50 years’ owner-operation by the Miles family. The proud “Country pub in the City” stands at #1 Bourke St, on the corner of Cowper Wharf Road, opposite

IPO IN THE WORKS FOR FLYING REDCAPE

Posted on October 12th, 2018 by Clyde Mooney
After years of speculation and a change of ownership, Redcape has begun steps toward an Initial Public Offering in December. The prominent pub group was acquired mid-2017 by Moelis Australia after several rumoured divestment considerations by its former owners, US

$80m DEVELOPMENT OF SORRENTO’S THE CONTI BEGINS

Posted on October 12th, 2018 by Clyde Mooney
The massive restoration and development of Sorrento’s famous Continental Hotel has begun, with hotelier Julian Gerner and Stellar Group’s partnership flagging an $80 million project. The four-storey Continental – popularly known as The Conti – was built 1875 from local

UPDATE: SALE OF THE HARBOUR VIEW HOTEL

Posted on October 10th, 2018 by Clyde Mooney
PubTIC wishes to clarify a recently published article PHOENIX RISING: PATERSON TAKES HARBOUR VIEW It has now become known to us that Phoenix Hotel Group has not purchased the Harbour View Hotel yet. We would like to extend apologies to

PULLOS GROUP LIST SAMFORD & WOODFORD TO KEEP ROYAL GEORGE

Posted on October 8th, 2018 by Clyde Mooney
Les Pullos and family have listed their big-trading south-east Queensland pubs the Samford and Woodford Hotels, to focus on the roaring RG’s. Pullos has been a veteran of the Queensland pub game for decades, leaving a string of successful country

SOLOTEL LEAVE CLOVELLY TO NEW TEAM

Posted on October 5th, 2018 by Clyde Mooney
Solotel has announced it has divested its leasehold interest in the beachside Clovelly Hotel. The group took on a lease in 2016 with Sam Arnaout’s Iris Capital, which had owned and operated and renovated it extensively over the past decade,

HOT LEASE ON COOKIES LOUNGE IN BAKEHOUSE QUARTER

Posted on October 3rd, 2018 by Clyde Mooney
A rare leasehold interest in North Strathfield’s burgeoning Bakehouse Quarter has come to market, offering retail-style rent and ownership of the liquor licence and PMEs. Cookies Bar & Lounge is within the Bakehouse Quarter – a mixed-used development covering six