Real Estate

FIVE DOCK HITS MARKET AS LANTERN DOWN TO FOUR

Posted on November 11th, 2016 by Clyde Mooney
Hot on the heels of highly profitable divestments, Lantern has listed its best pub onto the opportunity-starved market. After 12 months of shedding assets, in pursuit of a turnaround strategy that has transformed into a complete sell-down as market frenzy

NO BULL FOR DYLDAM TO DEMO HERITAGE PUB

Posted on November 11th, 2016 by Clyde Mooney
The historic and sprawling Bull & Bush Hotel will see the wrecking ball, after Council voted in favour of Sydney-based developer Dyldam’s plans to demolish it and build three residential towers. The corner site of Windsor and Seven Hills Roads

DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB

Posted on November 7th, 2016 by Clyde Mooney
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent

COLLECTOR HOTEL & BENEFITS ON SALE IN BOOM TOWN

Posted on November 7th, 2016 by Clyde Mooney
The Collector Hotel in Parramatta has come to market boasting lessee assets in the town of opportunity. Parramatta is alive with development activity, hosting the lion’s share of building sites that have seen Sydney leading the record-breaking crane count across

FEROS TO ROLL AUCTION DICE WITH PRIMED TENNYSON

Posted on November 4th, 2016 by Clyde Mooney
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially

DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE

Posted on November 2nd, 2016 by Clyde Mooney
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The

PALISADE HOTEL RETURNS TO MARKET

Posted on October 28th, 2016 by Clyde Mooney
The palatial Palisade Hotel – described as the “Jewel of Millers Point” – is back on the market. The iconic Palisade Hotel in Millers Point went to market in March, 2015, following a top-dollar renovation to revive it after being

FEARS FOR ADELAIDE HERITAGE PUB ‘THE CRANKER’

Posted on October 28th, 2016 by Clyde Mooney
As anger rages over one illegal demolition, Adelaide’s famous Crown & Anchor is under threat beneath the spectre of a $50 million development next door by its new owner. South Australian developer Karidis Corporation purchased the heritage-listed hotel, established in

LANTERN VOTES TO SELL THE LOT

Posted on October 26th, 2016 by Clyde Mooney
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the

DESIGNING FOR EFFICIENCY, DIFFERENTIATION AND LONG-TERM

Posted on October 26th, 2016 by Clyde Mooney
[caption id="attachment_7712" align="alignright" width="179"] Con Cayas[/caption] Con Cayas is a veteran of hospitality design, boasting over 20 years’ experience in the Queensland marketplace. He moved from director and partner at a mid-sized Brisbane practice and founded Cayas Architects back in