Real Estate

HERITAGE HOTEL SELLS IN STRONG AUCTION

Posted on November 13th, 2015 by Clyde Mooney
The auction of one of Rockhampton’s most beloved hotels has achieved a “good result”, with locals triumphing over a room of registered bidders. The hammer fell in Brisbane’s Eagle Street auction house this morning, ushering new owners to the historic

MORE SUITORS TO PRIZED REDCAPE PORTFOLIO

Posted on November 11th, 2015 by Clyde Mooney
The looming presence of the partnership between Moelis & Co and hotelier Nelson Meers has stepped into the light, with the entity disclosing a play at the prized Redcape portfolio. Purchased in a fire-sale situation by New York hedge funds

DEVELOPER “HUNGER” DRIVES BIG PRICE FOR BRIDIE’S

Posted on November 4th, 2015 by Clyde Mooney
Popular Melbourne franchise pub Bridie O’Reilly’s has sold to a local developer in a prime location example of opportunity sales taking place in the capital cities. Freehold owner John Connellan developed the business for the Bridie O’Reilly’s group nearly two

LANTERN FINE-TUNES WITH THREE PUB SALES

Posted on October 30th, 2015 by Clyde Mooney
The new board of Lantern Hotel Group has begun its portfolio shake-up, announcing the divestment of three “non-core” assets from its books. The ASX-listed Lantern (LTN) released news yesterday it would be selling three of its 17 pub assets, amid

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