Real Estate

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

REDCAPE OFFLOAD LIVINGSTONE HOTEL TO OSCARS

Posted on June 28th, 2017 by Clyde Mooney
As Redcape’s destiny continues to be the subject of speculation, the Group has quietly sold one of its inner western Sydney pubs to the Gravanis brothers’ diverse and acquisitive Oscars Hotels. Located on the corner of New Canterbury and Livingstone

MARKET SCORES MERCHANT LANE PUB ON MORNINGTON

Posted on June 28th, 2017 by Clyde Mooney
Mornington’s unique and popular Merchant Lane has hit the market, the pride of Melbourne’s southern peninsula after a ‘no expense spared’ renovation. Merchant Lane is within a retail strip on Main St, Mornington, minutes’ walk from the Foreshore Reserve, which

DUBBO’S BIG COMMERCIAL HOTEL FOR SALE

Posted on June 28th, 2017 by Clyde Mooney
Dubbo pub kings Greg Pilon and Brett Harvey have listed their town centre Commercial Hotel in the rural hub, eying expansion to the coast. Comprising a traditional hotel adjoining a former dwelling, the Commercial occupies 1,635m² on a corner of

THIELE OPENS DOOR TO NEW PUB CO

Posted on June 26th, 2017 by Clyde Mooney
The team behind the Open Door Pub Co are back, with ambitious plans and the freehold acquisition of Hardiman’s Hotel in Kensington. Open Door Pub Co (ODPC) was the product of Michael Thiele and Craig Ellison, formed in 2004, furthering

HUGE GALLAGHER IRIS HUNTERS HILL TIGER PUB SALE BUY SWAP

Posted on June 23rd, 2017 by Clyde Mooney
Iris and Gallagher Hotels have furthered their history, speaking exclusively of selling each other the Hunters Hill Hotel and Tiger Bar in the biggest pub transaction in years, sources say tops $64 million. Sam Arnaout’s Iris Capital has been behind

LONG WALE GETS LONGER WITH ALH

Posted on June 23rd, 2017 by Clyde Mooney
Charter Hall and Hostplus’ Long WALE REIT has extended its relationship with Australia’s biggest publican, buying three hotels in a sale and leaseback deal worth $23.2 million. Long WALE (Weighted Average Lease Expiry)(ASX: CLW) is managed by Charter Hall Group