Real Estate

BALMAIN TOWN HALL HOTEL SOLD BUT SAVED

Posted on May 12th, 2017 by Clyde Mooney
Balmain Pub Group has confirmed its sale of Balmain’s Town Hall Hotel, and the new owner confirmed he will be mixing things up. After some speculation, particularly that of the Mayor of (the former) Leichhardt Council, Darcy Byrne, heralding the

THE TROUBLED GREYHOUND IS GONE

Posted on May 12th, 2017 by Clyde Mooney
Despite last-minute attempts by Port Phillip Council to save it, in the wake of public outcry, St Kilda’s iconic 164-year-old Greyhound Hotel is currently being demolished. Built in 1853, the Hotel has been through a number of transformations, renovated in

SEGERSTROM AND SCHUBERT TO SELL BOMADERRY PUB & PROSPECTS

Posted on May 12th, 2017 by Clyde Mooney
Amid the hot run on coastal hotels radiating north and south of Sydney, long-time publican Lloyd Segerstrom and league legend Ian Schubert are divesting their resurgent Bomaderry Hotel. Segerstrom and Schubert bought the large-format pub as partners in 2014 from

SAND HILL ROAD SECURE MELBOURNE ICON THE ESPY

Posted on May 10th, 2017 by Clyde Mooney
After weeks of speculation, Sand Hill Rd have finally confirmed their purchase of the iconic Esplanade Hotel – The Espy – taking on the challenge of reviving one of Melbourne’s cultural institutions. The five-level building graces The Esplanade, St Kilda,

NEW ERA BECKONS FOR EMPIRE HOTEL AT AUCTION

Posted on May 10th, 2017 by Clyde Mooney
The elegant Empire Hotel will go to auction later this month, with the somewhat tired Victorian pub presenting plenty of options. The two-story Empire, located on Railway St in Kurri Kurri, formerly a pit-stop on the highway going west from

HOT MARKET SEES COOLIBAH HOTEL FETCH $40m

Posted on May 5th, 2017 by Clyde Mooney
Continuing the wave of hot transactions, the biggest for two years has gone down, with the top-ranked Coolibah Hotel in Merrylands selling for around $40 million. The very private family-run Vlandis group, led by Peter Vlandis and his son-in-law Michael

MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY

Posted on May 5th, 2017 by Clyde Mooney
In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican

RICHMOND’S RUBRIC RISING SUN TO RISE AGAIN

Posted on May 5th, 2017 by Clyde Mooney
After several years in the wilderness, Richmond’s iconic Rising Sun Hotel is coming back to life – reassured of remaining part of Melbourne’s hotel landscape. Pat Reardon (Sr) bought the leasehold business in the late 90s, furthering the family’s history

BELMORE AND UNANDERRA JOIN BIG HOTEL AUCTION DAY

Posted on May 3rd, 2017 by Clyde Mooney
In a stock-starved market where strong regional pubs are becoming the ‘new black’ – two more Sydney-satellite freeholds will soon test the waters at a group auction. Murphy Hotels is putting up the large-format Belmore Hotel, dominating Maitland’s main street.

HISTORIC MIRANI HOTEL LISTED BY VETERAN FAMILY

Posted on May 3rd, 2017 by Clyde Mooney
After 75 years in the family, Scott and Casey Cronin will soon bid a reluctant farewell to their historic Mirani Hotel. Mirani is a town in the heart of sugarcane country, a transport hub mid-way on the Mackay to Eungella