Real Estate

TWO NEW OWNERS ENTER BIG-TRADING CROSSROADS HOTEL

Posted on March 26th, 2018 by Clyde Mooney
The Macintosh family has parted with their beloved Crossroads Hotel at Narrabri, having rebuilt and expanded upon the 1861 pub. After being closed for many years, the hard-working family of five orchestrated every aspect of the old building’s restoration, from

O’HARA LISTS BATHURST’S KELSO HOTEL

Posted on March 23rd, 2018 by Clyde Mooney
Liam O’Hara has reluctantly listed his thriving Kelso Hotel in Bathurst, as he looks to develop other businesses and close to 100 villas. Member of the industry stalwart O’Hara family, Liam has owned what was the only pub in the

JDA TAKES FULL OWNERSHIP AT AUCTION OF PADSTOW PARK

Posted on March 21st, 2018 by Clyde Mooney
Following an international EOI campaign, the Padstow Park Hotel has sold under the hammer to incumbent operators JDA Hotels. The Padstow was purchased in 2014 by White & Partners for $13.7 million from Coles’ Spirit Hotels, with John Feros’ JDA

WINEMAKER TEMPTED INTO LEURA’S ELEGANT ALEXANDRA

Posted on March 21st, 2018 by Clyde Mooney
A former publican turned winemaker is back in the game after snapping up Leura’s beautiful Alexandra Hotel, in the lower Blue Mountains, outside of Sydney. Once upon a time, Greg Perrett was proprietor of the Bellbird Hotel in the Hunter

WESFARMERS’ WOES COULD BE AUS VENUE CO BOON

Posted on March 19th, 2018 by Clyde Mooney
The battle of the supermarket pub groups has taken another twist with Wesfarmers’ mooted plans to shed Coles from its portfolio, as Aus Venue Co looks to step up the value of its operations. Eleven years after buying and reviving

IRIS SEEKS HOTELIER FOR NEWCASTLE’S EAST END

Posted on March 19th, 2018 by Clyde Mooney
Iris has changed tack in its massive East End development, now considering a hotel operator for an alternative use in the former David Jones building. The four-stage development at Newcastle’s East End originally conceived 16 large apartments to occupy the

‘UNIQUE’ YARRAVILLE PUB ON OFFER

Posted on March 14th, 2018 by Clyde Mooney
A large corner pub on the outskirts of Melbourne city has hit the market, boasting a blank canvas and development potential in a rapidly growing precinct. Yarraville’s Commercial Hotel occupies 1,538sqm at the junction of Whitehall and Hall Streets, around

TOURIST OF NARRABRI ON THE TRAIL

Posted on March 14th, 2018 by Clyde Mooney
One of Narrabri’s big pubs has come to market through Ray White, with diverse revenue and new opportunities amid NSW’s recently proposed gaming laws. The Tourist Hotel is central to the North West Slopes regional town of 6,000 people, incorporating

INSTANT PORTFOLIO FOR MYSTERY BUYER TO MOUNT ISA

Posted on March 14th, 2018 by Clyde Mooney
Two adjacent pubs in mega-mining town Mount Isa have sold in one deal from one private group to another. The Red Earth and Isa Hotels have been part of the stable of a well-known Brisbane-based hotel group, sharing adjoining boundaries

TOOHEY MOVES IN TO RESCUE THE RETREAT

Posted on March 12th, 2018 by Clyde Mooney
After heading to market as a vacant possession to optimise the buyer pool for its potential redevelopment, the storied Retreat Hotel has been bought to stay a pub for a long time yet. Listing in January, the modest Retreat is