Real Estate

PUB ‘KING’ BUYS PADDINGTON ‘HOTEL’ – EXCLUSIVE

Posted on October 30th, 2015 by Clyde Mooney
Prominent hotelier Ben May has bought a Paddington ‘hotel’, in which he and wife Lucy will live. The heritage-façade Windsor Castle Hotel, on Windsor Street, has been sold by Rita and Peter Polovin, following an extended project to turn the

EXCHANGE HOTEL CHANGES HANDS BETWEEN PUBLICANS

Posted on October 28th, 2015 by Clyde Mooney
Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney. Built in 1872, the Exchange is one of the oldest pubs in the area and

NEWMARKET SALE OPENS DOOR TO MELBOURNE MARKET

Posted on October 26th, 2015 by Clyde Mooney
Just two months after the leasehold business was sold to the booming Dixon Hospitality, Gerry Ryan’s Melbourne pub group is offloading the Newmarket Hotel freehold. Situated on a generous 1,000 m² block in bustling St Kilda, the hotel underwent an

LAUNDY SYNDICATE BUYS LONG JETTY PUB

Posted on October 23rd, 2015 by Clyde Mooney
A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought

ICON ISLAND HOTEL SALE PROMPTS ‘FLOOD’

Posted on October 19th, 2015 by Clyde Mooney
The signature hotel of one of Queensland’s holiday meccas has hit the market, prompting a flood of enquiries from “everywhere”. Residing on a strip of sand in the Coral Sea, around 30 kilometres south-east of Brisbane, North Stradbroke Island is

UPSIDE SEES $773m BID FOR ALH LANDLORD REJECTED

Posted on October 16th, 2015 by Clyde Mooney
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to

HOT PROPERTY INNER-WEST PUB ENTICED TO MARKET

Posted on October 16th, 2015 by Clyde Mooney
Another prized Sydney freehold has come up for sale, in direct response to market demand. In the heart of the trendy, inner-west suburb of Stanmore, the Salisbury Hotel has targeted “family-friendly”, with strong food and bev trade, gaming and TAB,

“LUCKY” GAMING PUB HITS MARKET

Posted on October 16th, 2015 by Clyde Mooney
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside

WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON

Posted on October 14th, 2015 by Clyde Mooney
  Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of