Real Estate

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

DIXON GROUP COURTS PRIVATE EQUITY AS KKR LOOMS

Posted on May 1st, 2017 by Clyde Mooney
After shelving its mooted IPO, Dixon Hospitality Group is rumoured to be in talks with private equity buyers – including KKR – the company that sank Keystone. Dixon Hospitality Group (DHG) has hinted at plans for an Initial Public Offering

THE ELI AND THE BLOCK TO TEMPT TASSY SPIRIT

Posted on May 1st, 2017 by Clyde Mooney
High-profile pub ‘The Eli’ plus land package have come to market as the Apple Isle strides into its tourism boon and its builder owner needs a break. The large-format Elimatta Hotel sits on the banks of the Mersey River, adjacent

LION LONG-TIMER BUYS INTO GAME AT ROYAL HOTEL

Posted on April 28th, 2017 by Clyde Mooney
After decades selling drinks to them, former Lion director Frank Arangio has slipped onto the other side of the bar, buying Wyong’s Royal Hotel for nearly $7 million. Continuing the flow of sales of NSW coastal hotels, Arangio bought the

GALLAGHER BUYS BIG-BONES TERRIGAL PUB FOR $28m

Posted on April 26th, 2017 by Clyde Mooney
Irish pub king Patrick Gallagher has bought his biggest pub yet – paying $28 million for the Terrigal Hotel and a ‘return to his youth’. Gallagher describes the area around his latest purchase as ‘special’ and recalls family visits “just

BYRON ‘TOP PUB’ HAS ANOTHER CRACK IN HOT MARKET

Posted on April 24th, 2017 by Clyde Mooney
Byron Bay’s Beach Hotel is rumoured to be still on the market, with price expectations of $75 million. The massive beachside operation, known locally as the ‘Top Pub’, occupies 4,585 m² overlooking picturesque Main Beach. It was built in 1990