Real Estate

ALH TO HAVE THE CAV

Posted on October 2nd, 2024 by Clyde Mooney
Endeavour Group and ALH have stepped up the footprint in the Territory, securing approval to buy Mick Burns’ legendary The Cav. The Cavenagh Hotel is one of the Northern Territory’s oldest pubs, first licensed in 1932 as the Don Hotel,

NEWCOMER PICKS UP GARRY OWEN

Posted on October 2nd, 2024 by Clyde Mooney
Garry Owen is looking to a new future in Rozelle, as the century-old inner west pub changes hands again. Occupying a 358sqm lot on a corner of bustling Darling Street, the two-storey Garry Owen was built in 1920. Holding a

UNIVERSAL TAKES TEMPE VIA THE RIVERVIEW

Posted on September 30th, 2024 by Clyde Mooney
The Kospetas family’s Universal Hotel Group has executed a coup in Tempe with acquisition of staunch local the Riverview Hotel. Situated in Sydney’s inner west, roughly 10 kilometres southwest of the CBD, it features a popular sports bar, bistro, function

ATO FALLS ON VIRTICAL

Posted on September 27th, 2024 by Clyde Mooney
The strings are unravelling on the rise and fall of the skyrocketing Virtical Group, as the ATO unleashes the first of what could be many fines for improper tax claims. An audit, which is the first to emerge from what

GILLIGAN’S FGC SETS OFF ON MAIDEN CRUISE

Posted on September 25th, 2024 by Clyde Mooney
FNQ hospitality icon Gilligan’s has officially hit the market, offered as a freehold going concern for the first time. Situated in the heart of Cairns, at the gateway to Australia's famous Barrier Reef, the award-winning business is an “adventure destination”

RECEIVERS SNATCH VIRTICAL’S JUST SOLD REPUBLIC

Posted on September 23rd, 2024 by Clyde Mooney
Receivers have taken control of the Republic Hotel in Sydney’s CBD only days after Virtical signed to sell the property to Chris Thomas for a major loss, and as the group is accused of not paying staff Super. Under the

FAMILIES LIST FITZROY FREEHOLD

Posted on September 23rd, 2024 by Clyde Mooney
Melbourne families have listed Fitzroy’s multi-level Hotel Fitzroy, tipped to attract investors and owner-occupiers. Located minutes from the Melbourne CBD, opposite the Atherton Gardens estate, the pub is surrounded by entertainment precinct bars, restaurants and shops, seeing high pedestrian traffic

VIRTICAL RULE OUT THE REPUBLIC

Posted on September 20th, 2024 by Clyde Mooney
In the spotlight developer Virtical has offloaded the Republic in the Sydney CBD to industry veteran Chris Thomas for a significant loss. After bursting into the picture in 2023, spending over $125 million in a matter of months including more

PUBLIC HOSPITALITY CREDITORS TAKE FIVE

Posted on September 18th, 2024 by Clyde Mooney
The party is winding down for Jon Adgemis’ Public Hospitality Group (PHG), as a major lender calls in receivers and managers on five venues in the collection. Last week FTI Consulting’s Vaughan Strawbridge and Joseph Hansell stepped in, under security

AVC MOVES INTO HALLMARK

Posted on September 16th, 2024 by Clyde Mooney
Weighing into the recent return in pubs activity, Australian Venue Co has struck its first major deal under its new majority owners, buying 10 venues from Hallmark Hospitality in SEQ. The Melbourne-based group has paid around $50 million for the