Real Estate

SOLOTEL TO OFFLOAD ALBION HOTEL PARRAMATTA

Posted on February 15th, 2016 by Clyde Mooney
Solotel is executing another big-ticket sale and lease-back, divesting the dirt at its Albion Hotel in Parramatta amid booming opportunity. After 30 years owning the generous 3,000 m² block on George St, facing the Parramatta river, Bruce Solomon has put

KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE

Posted on February 12th, 2016 by Clyde Mooney
Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs,

BALMAIN PUB GROUP BUYS BALMAIN’S TOWN HALL

Posted on February 10th, 2016 by Clyde Mooney
Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest.

LAUNDYS BUY ON CENTRAL COAST

Posted on February 10th, 2016 by Clyde Mooney
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long

MARKET SEES MELBA’S ON THE MARK

Posted on February 1st, 2016 by Clyde Mooney
A Sydney publican is divesting his booming Surfer’s Paradise pub, as Queensland hotel assets greet a thirsty 2016 market. George Fleming has owned Melba’s on the Park for a number of years, and following its massive reinvigoration has determined to

IRIS GROUP’S LANDMARK BONDI HOTEL SET FOR $17m MAKEOVER

Posted on January 29th, 2016 by Clyde Mooney
One of the country’s busiest pub groups has revealed plans for a massive redevelopment of its “County Bondi” landmark. The Cock n Bull – aka the Grand Hotel – could see a medium-rise development in Iris’ trademark style, with retail,

SURFAIR’S UP AS SUNSHINE PROPERTY GROWTH CONTINUES

Posted on January 29th, 2016 by Clyde Mooney
As the Sunshine State property market continues to heat up, the popular Surfair Beach Hotel is testing the waters. Like the other eastern States, Queensland is experiencing major development, particularly in areas that benefit from the booming tourism industry and

IRIS BUYS ‘PROJECT’ PARRAMATTA HOTEL FOR $38m

Posted on January 22nd, 2016 by Clyde Mooney
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris