Real Estate

CARLTON CLUB AND WINSOR CASTLE IN THE AIR

Posted on February 5th, 2025 by Clyde Mooney
Well known Melbourne pubs the Carlton Club and Windsor Castle Hotel are in limbo after hotelier Tracey Lester was forced to call in administrators, and creditors are urgently seeking buyers. A former artist, emanating from New Zealand, Lester has held

CROSSROADS LOOKS TO NEW PATH

Posted on February 3rd, 2025 by Clyde Mooney
Prominent Sydney developer Sonnel Hospitality has lodged plans for a massive $33 million demolition and upgrade of the chart-topping Crossroads Hotel. An ultra-large-format pub at the ‘crossroads’ of major Sydney arteries the Hume Hwy and Camden Valley Way, the multi-faceted

ROCHE CASHES IN AT CALYPSO BAY

Posted on February 3rd, 2025 by Clyde Mooney
Roche Group has divested its waterside Harrigan’s, at Calypso Bay, to Queensland hotelier Rick Adams. Roche is the private developer of the entire $2 billion Calypso Bay master planned housing estate, which it has been creating on a 269-Ha former

RAILWAY WINDSOR SOLD AFTER 27 YEARS

Posted on January 31st, 2025 by Clyde Mooney
The Railway Hotel in Sydney’s north-west growth corridor has transacted for the first time in decades, becoming the first metropolitan sale in the NSW capital for 2025. A classic corner pub in Windsor, the two-storey Railway is located at the

VETERAN NOVOCASTRIANS SNAP UP FINNEGAN’S

Posted on January 29th, 2025 by Jane Louise
Newcastle icon Finnegan's Hotel has been sold for the first time in decades, with the Hunter family handing over to established locals. Positioned prominently at the intersection of busy King and Darby Streets, opposite Newcastle Civic Park and City Hall,

HPI’S TAKEOVER TAKES HOLD

Posted on January 29th, 2025 by Clyde Mooney
Listed pub landlord Hotel Property Investments' shareholders have voted with their balance sheets to accept the protracted, $760 million attempted takeover by Charter Hall and Hostplus. HPI (ASX:HPI) holds a stable of pubs in multiple states, totalling around 60 sites.

VIRTICAL’S LAST PUB SOLD

Posted on January 24th, 2025 by Clyde Mooney
The sun has set on pub operator Virtical’s portfolio, with a successful sale of Hotel Australasia to another hospitality developer. The picturesque heritage-listed Hotel is a landmark of Eden, on the NSW south coast, built in 1904, with 38 metres

REDCAPE REVERSES WITH MULTIPLE ACQUISITIONS

Posted on January 22nd, 2025 by Clyde Mooney
MA Redcape Hotel Fund has reversed its run of divestments with purchase of three hotels in coveted southeast Queensland, to further its portfolio refresh and optimisation. The prior calendar year continued a shake-up of the Redcape stable that saw multiple

COUNCIL PROCEEDS WITH HERITAGE HIT LIST

Posted on January 22nd, 2025 by Jane Louise
Last year the Inner West Council (IWC) of Sydney restirred a heritage hornet’s nest, furthering its attempt to preserve urban culture by forcing protections on old pubs under its purview. The Council’s proposal has now successfully amended planning controls, such

IRIS TAKES TWO FROM REDCAPE

Posted on January 20th, 2025 by Clyde Mooney
The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million.