Real Estate

LAKEVIEW HOTEL LOOKS GOOD TO SYDNEY PUBLICAN

Posted on July 14th, 2017 by Clyde Mooney
Sydney hotelier Garry Macdougall has expanded on his capital operations, grabbing a coastal change with acquisition of the Lakeview Hotel in Merimbula. Boasting a waterfront site and unique opportunity as the only hotel in town, the Lakeview sits on 4,646m²

INGHAM-MYERS’ SELLING UP TO RETURN NORTH

Posted on July 10th, 2017 by Clyde Mooney
The Ingham-Myers brothers are selling up their two Armidale operations as they relocate back to the sunshine state with new deeds to their name. Sam and Nick Ingham-Myers have been running the leasehold businesses of Armidale’s New England and Wicklow

CAMBRIDGE HOTEL AND TOWER PLANS ON OFFER

Posted on July 7th, 2017 by Clyde Mooney
Amid large-scale public works and growth in Newcastle, a big pub freehold development opportunity has come to market leveraging planning guidelines. The Cambridge Hotel occupies a prominent corner of Newcastle’s Hunter Street, adjoining the lot of 5-7 Denison Street, a

ENMORE’S THE DUKE UP FOR CONTENDERS

Posted on July 5th, 2017 by Clyde Mooney
As high-yielding leases continue to be the hot property, Mick Roche has put the inner-west Duke of Edinburgh to market, boding opportunity for a fresh operator. Occupying a prominent 430m² block on the corner of Enmore Road and Simmons Street,

CHINESE DEVELOPER BUYS PARRAS’ PEACHTREE

Posted on July 3rd, 2017 by Clyde Mooney
ASX-listed Chinese developer BHL has entered the Australian pub scene with the purchase of Colin Parras’ Peachtree Hotel Penrith. Boyuan Holdings Limited (ASX: BHL) is a Chinese property development company with growing interests in both residential and commercial development in

REVISED FOUR IN HAND NOW OPEN: WAUGH

Posted on July 3rd, 2017 by Clyde Mooney
Mitchell Waugh’s PHMG has settled in and overhauled the legendary Four in Hand, reopening with new integration alongside a sustained homage to history in the heritage-listed pub. Bursting onto the scene mid-2015, Public House Management Group (PHMG) let loose the

HUMBLE GREAT WESTERN TO GROW 26-STOREY TOWER

Posted on July 3rd, 2017 by Clyde Mooney
Council is expected to approve plans tomorrow for a $15m 26-storey tower atop the 153-year-old Great Western Hotel in Melbourne. Described as one of the most intact goldrush era pubs in Melbourne, the Great Western was built in 1864 on

MOELIS AT LAST LANDS FLYING REDCAPE HOTEL PORTFOLIO

Posted on June 30th, 2017 by Clyde Mooney
A vehicle controlled by investment bank Moelis Australia has finally cemented purchase of the high-flying Redcape Hotel portfolio for $677 million. Ending around two years’ speculation as to the hotel group’s fate, including rumours of suitors such as a partnership

KKR TAKES MAJORITY BITE OF DIXON HOTELS

Posted on June 30th, 2017 by Clyde Mooney
KKR has ended speculation, announcing acquisition of a “majority share” in the fast-growing Dixon Hospitality Group for an undisclosed amount. Dixon (DHG) stormed onto the Australian hospitality scene in 2012, expanding upon the ‘party’ boat business of former Spotless CEO