Real Estate

FAMILY-RUN REGIONAL PUB SELLS IN ‘SPIRITED’ AUCTION

Posted on June 22nd, 2015 by Clyde Mooney
After three decades, the Woodward family has parted with their “Green Roof” hotel. Located in the west Newcastle suburb of Hamilton, Woodey’s Hamilton “Green Roof” Hotel has sold at auction for around $3.6 million to local operator Russell Richardson. Built

MAY OFFLOADS CENTRAL TAVERN TO THOMAS’

Posted on June 19th, 2015 by Clyde Mooney
Thomas Hotels has swooped on Ben May’s Central Tavern, bringing the Surry Hills pub into its local portfolio. George Thomas’ group already operates the Madison and GT’s Hotel on Devonshire Street, and has bought the Central across the road for

57-YEAR BUILDER OPERATORS CALL LAST DRINKS

Posted on June 17th, 2015 by Clyde Mooney
The baton has passed on a southern Sydney landmark pub, as its builders and six-decade operators “end an era”. The Durkin family built the Jannali Inn in 1958, and have run it ever since. The building includes retail space and

PUB FAMILY(S) SWOOP ON FEROS’ PANANIA HOTEL

Posted on June 12th, 2015 by Clyde Mooney
A well-backed up-and-comer has grabbed Feros’ Panania Hotel in a hot market deal worth nearly $15 million. Following a sustained effort to find a complementary venue for his Top 5 gaming pub, the Railway Hotel in Lidcombe, Mark Malloy has

MEDICH SELLS LAUNDY TWO MORE PRIZED PUBS

Posted on June 10th, 2015 by Clyde Mooney
[caption id="attachment_2686" align="alignright" width="426"] Woolloomooloo Bay Hotel, Woolloomooloo[/caption] The Laundys have flashed the cash, tempting Medich into the sale of two more ‘big deal’ pubs. In a transaction worth nearly $35 million, the Medich family’s Halcyon Hotel Group has parted

IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m

Posted on June 10th, 2015 by Clyde Mooney
Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. [caption id="attachment_2697" align="alignright" width="449"] An artist's impression of the proposed Mercure tower. Image: supplied[/caption] Earlier this year Iris lodged plans with the City

REDCAPE ‘FINE-TUNES’ OUT OF 3 MORE PUBS

Posted on June 5th, 2015 by Clyde Mooney
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s

NORTHERN BEACHES PUB JOINS RESIDENTIAL SELL-OFF

Posted on June 5th, 2015 by Clyde Mooney
The Brookvale Hotel has joined a distinguished list of pubs looking to capitalise on Sydney’s housing boom. [caption id="attachment_2662" align="alignright" width="483"] Brookvale Hotel. Image: Google maps[/caption] The Pittwater Rd site will be subdivided and the rear carpark and part of

CHARTER HALL AND HOSTPLUS TO BUY $200m MORE PUBS

Posted on June 3rd, 2015 by Clyde Mooney
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus

$25M GAMING PUB SALE PART OF “FRENETIC” 2015

Posted on May 29th, 2015 by Clyde Mooney
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and