Real Estate

CHAAYA’S SALE AND LEASEBACK OF THE BAY HOTEL

Posted on June 4th, 2018 by Clyde Mooney
Melbourne publican Andre Chaaya is cashing in the title to his popular Bay Hotel, so he can take it to another level. Chaaya has owned the operation at the Bay in Mordialloc in south-east Melbourne since 2013, and two years

FORREST BEACH MECCA HITS THE MARKET

Posted on June 4th, 2018 by Clyde Mooney
The exquisite Forrest Beach Hotel has come to market, offering a broad business and big upsides in a sunny patch of northern Queensland. Forrest Beach is a coastal town of around 1200 people, an hour and a half drive north

DELAWARE SETTLES BIG BUYS IN BRISBANE, PASSES ON COLES

Posted on June 1st, 2018 by Clyde Mooney
US hospitality giant Delaware North has confirmed settlement on two of potentially many pub purchases in Queensland, as it exits the race to a JV with Coles’ Spirit Hotels. Founded in 1915, Delaware North (DN) operates hundreds of hospitality venues

EATONS HOTEL UP FOR GRABS AS RYAN STEPS DOWN

Posted on June 1st, 2018 by Clyde Mooney
Long-serving owner-operator Phil Ryan has listed his beloved Eatons Hotel, offering big potential for a fresh set of eyes. Ryan has been running the pub since buying it in 2003, working with his daughter to keep the Muswellbrook Hotel up

IRESON BRINGS NEW ERA FOR OPHIR

Posted on May 30th, 2018 by Clyde Mooney
First-time owner Tim Ireson and family have taken hold of Orange’s Ophir Tavern, with plans and plenty of opportunity on a great site in the growing town. The Ophir is set on a big 9,171sqm block zoned B6, and one

CBA & BANKWEST UNDER FIRE OVER PUB BANKRUPTCIES

Posted on May 30th, 2018 by Clyde Mooney
The high-profile Royal Commission into Australia’s banks has turned the spotlight on commercial practices – particularly the wake of foreclosures on pubs by Bankwest post-GFC. The controversial practice of ‘non-monetary default’ clauses has been in discussion at the Commission, prompted

O’SULLIVANS EXIT FORMER O’SULLIVAN HOTEL

Posted on May 30th, 2018 by Clyde Mooney
Ending two decades reign, the O’Sullivans have divested their iconic Essendon local. Previously a butcher shop and a hardware store, the family bought the Mt Alexander Rd site in 1988 and created an Irish-themed pub they eponymously called O’Sullivan Hotel.

VETERAN PUTS UP OLD NEWCASTLE GRAND

Posted on May 28th, 2018 by Clyde Mooney
Newcastle landmark the Grand Hotel has come to market for the first time in 30 years, as Mike Angus looks to retirement. [caption id="attachment_13472" align="alignright" width="355"] Grand Hotel, Newcastle. Images: website[/caption] The two-storey Grand Hotel is a classic Victorian-era structure

HEMMES LATEST HOTELIER ON ‘RICH LIST’

Posted on May 28th, 2018 by Clyde Mooney
The latest Rich List has been announced, featuring a dozen debutants including pub king Justin Hemmes. BRW first published its Top 200 Richest People in Australia in 1984, and counted (the late) John Hemmes and Merivale Hemmes, parents to Justin

CLUB HOTEL LISTED AS COLES RENEW PUB INTEREST

Posted on May 25th, 2018 by Clyde Mooney
As pundits speculate on the disposition of Coles’ Liquorland-Spirit cache of Queensland pubs, the freehold interest of the Group’s Club Hotel has hit the market boasting a new 15-year lease. The Club Hotel Waterford is set on a prominent 11,000sqm