Real Estate

O’BRIEN GROUP LANDS SINGO’S BONDI BEACH ICEBERGS

Posted on June 8th, 2018 by Clyde Mooney
The highly successful O’Brien Group has secured a foothold in Sydney with the lease rights purchase to Singleton’s iconic Icebergs in Bondi. The internationally renowned Icebergs Dining Room & Bar (IDRB) occupies 675sqm on the top level of the three-storey

DIXON & KKR’S AVC LOOKING TO LEAP WITH COLES JV

Posted on June 6th, 2018 by Clyde Mooney
The much-rumoured joint venture between Coles’ pub arm and a big operator is close to a deal with KKR’s Australian Venue Company, with the major hurdle fast approaching. Speculation has emerged about a broad change to the fleet of Spirit

HOLMESVILLE HAVEN UP FOR GRABS AS WOOLFS RETIRE

Posted on June 6th, 2018 by Clyde Mooney
Calling time on a decade owning the Holmesville Hotel, Steph Woolf and husband Geoff have put the heart of town to market. The Woolfs bought the two-storey brick and timber Federation-style pub in 2007, and went on to become licensees

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.