Real Estate

PETERSHAM HOTEL SALE TICKS INVESTOR BOXES

Posted on May 20th, 2016 by Clyde Mooney
After the successful introduction of a new tenant, the freehold of the Petersham Hotel has burst onto a market prowled by investors. Located just a few kilometres from Sydney’s CBD, the Hotel possess a coveted 3am licence, bistro, nine EGMs

LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND

Posted on May 18th, 2016 by Clyde Mooney
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John

REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION

Posted on May 18th, 2016 by Clyde Mooney
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted

BEER DELUXE JOINS DIXON GROUP STABLE FOR $31m

Posted on May 16th, 2016 by Clyde Mooney
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service

BAYSIDE PUB & ACCOMMODATION UP FOR GRABS

Posted on May 13th, 2016 by Clyde Mooney
A St Kilda pub and hotel business has hit the market amid the boom in pub-style accommodation around the country. Located on bustling Barkly Street in the bayside suburb of St Kilda, Hotel Barkly holds a 3am licence and consists

MALONEY’S HEART OF BONDI REVIVED

Posted on May 11th, 2016 by Clyde Mooney
One of Australia’s most famous pubs is undergoing a major overhaul and the completed Phase 1 ushers in a “fresh new look and feel”. The historic Hotel Bondi was built in 1919, and stands vigil over the world famous Bondi

STRAND HOTEL AND OCEANFRONT LAND SALE SCREAM POTENTIAL

Posted on May 11th, 2016 by Clyde Mooney
The Strand Hotel and surrounding land has hit the market, offering operators or developers “one of the last strategic land holdings” on the thriving east coast of Queensland. A local landmark, The Strand Yeppoon sits central in the redevelopment project

REDCAPE PULLING OUT OF FAIRFIELD WATERS DEVELOPMENT

Posted on May 9th, 2016 by Clyde Mooney
Redcape Hotel Group is relinquishing one of its future plans, divesting its Fairfield Waters site to focus on core assets. One of the country’s largest gaming-based hotel groups, Redcape currently operates 26 venues nationally, and is looking for more Sydney

‘THE EDGY’ BACK ON THE BRINK OF NOWHERE

Posted on May 9th, 2016 by Clyde Mooney
A troubled Victorian heritage pub is again under threat as local stakeholders refuse to compromise on making its restoration commercially viable. The Mentone Hotel – colloquially known as ‘The Edgy’ due to its former moniker of the Edgewater Hotel –