Real Estate

REVERENCE HOTEL FREEHOLD SALE MAY END ANOTHER OLD MUSIC PUB

Posted on February 6th, 2017 by Clyde Mooney
The procession of Melbourne pubs under threat of redevelopment continues with the freehold sale of Footscray’s home of live music, the Reverence Hotel. After years playing host to hundreds of independent and up-and-coming bands, the pub may be demolished to

NORTH COAST IVORY TAVERN GOES TO LAWLESS

Posted on January 30th, 2017 by Clyde Mooney
Sydney hotelier Brendan Lawless is following the money, purchasing Tweed Heads beauty the Ivory Tavern – with options. Lawless Hotels is expanding on its NSW north coast operations with the Ivory, having bought Mullumbimby’s Middle Pub in 2013 from Redcape,

BEST BEER GARDEN PUB HITS MARKET

Posted on January 30th, 2017 by Clyde Mooney
One of Melbourne’s best beer gardens and Fitzroy favourite has reluctantly come to market amid good trade but changing circumstance. Industry veteran Sam Silva is divesting his hugely popular Fitzroy Beer Garden after the unfortunate passing of his business partner.

BOURKE ST BUYS KING ST BOTANY VIEW

Posted on January 25th, 2017 by Clyde Mooney
Prominent publican Paddy Coughlan has secured another inner west pub, lauding southern King St and the Murphy family’s Botany View Hotel. The Murphys have owned and operated the Botany View (BVH) for the past 26 years, and the modest pub

SHAKY TIMES FOR OLD MELBOURNE PUBS

Posted on January 25th, 2017 by Clyde Mooney
The battle to save Melbourne’s historic pubs rages on, with two currently facing demolition and redevelopment into residential apartments. St Kilda’s Greyhound Hotel closed suddenly in the first week of January, despite community efforts to save it, with developers applying

LANTERN’S CROWN HERALDS END IS NIGH

Posted on January 23rd, 2017 by Clyde Mooney
Continuing its run of blockbuster sales capping 2016, Lantern Hotel Group has listed its second-last, landmark Surry Hills corner pub, the Crown Hotel. The ASX-listed Lantern has all but completed the strategic sell-off of its entire pub portfolio, executing a

LOCALS’ SHENANIGANS AS THOMAS FAMILY EXITS PUB GAME

Posted on January 23rd, 2017 by Clyde Mooney
Two brothers and three mates have taken the plunge with their first pub, beating hungry Sydney operators to buy the Thomas family’s long-held Shenanigans at The Imperial. Mike Thomas has been a staple of the NSW hotel industry for over

BIG LIDCOMBE HOTEL SALE SETS TONE FOR ANOTHER BIG YEAR

Posted on January 18th, 2017 by Clyde Mooney
The sale of a top-50 gaming pub has kick-started what is expected to be another big year in Australian pub real estate. The freehold of the Lidcombe Hotel was purchased by Marcus Levy’s Marvan Hotels eight years ago from Hedley

THE PRINCE OF KIRRAWEE JUST DAYS FROM OPENING

Posted on January 13th, 2017 by Clyde Mooney
Another brand new pub is set to open in Sydney, with 6 February now confirmed as inauguration date for Chris Feros’ The Prince, in Kirrawee. The rare greenfield construction* is the result of a four-year dream for Feros that recognised