Real Estate

CULLENS LIST BAY HOTEL AND PACKAGE

Posted on July 17th, 2024 by Clyde Mooney
Landmark coastal pub the Bay Hotel and surrounding businesses have been listed by the Cullen family, after 35 years owner-operation. The diverse business is set on a combined landholding of 4.4 hectares in Bonnells Bay, overlooking Lake Macquarie, with an

ASENSIO OFFERS KULETO’S ON KING

Posted on July 15th, 2024 by Clyde Mooney
Long-time owner Donna Asensio has offered up the quirky Kuleto's hotel on King Street in inner west Newtown, holding plenty of upside for a hands-on operator. Formerly known as the Milton Hotel, the three-storey venue is at the northern end

KINSELAS AND COURTHOUSE DEAL IN COURT

Posted on July 12th, 2024 by Clyde Mooney
The big-ticket sale of Kinselas and the Courthouse Hotel by MA Financial to operator-developer Virtical has fallen over, with parties now arguing the specifics in court. Last September news broke that Moelis was divesting the pair of pubs at Taylor

MORTGAGEE SALE ON PUBLIC’S PADDINGTON FLOWER

Posted on July 10th, 2024 by Clyde Mooney
Lender Australia Pacific is selling Public Hospitality venue El Primo Sanchez Hotel – formerly the Rose, Shamrock and Thistle – as Adgemis’ collection unravels. One of Paddington’s historic pubs, the Rose, Shamrock & Thistle first opened in 1884, on the

LOCAL VISION FOR OCEAN VIEW HOTEL

Posted on July 10th, 2024 by Clyde Mooney
The run of Victorian regional pub sales has continued with new locals taking over the picturesque Ocean View Hotel in Kilcunda. Found in the heart of Victoria’s picturesque Gippsland coastline, the ‘Killy Pub’ is the flagship of the seaside town

REDCAPE TRIFECTA TO FRANCIS AND SONNEL

Posted on July 8th, 2024 by Clyde Mooney
Redcape has given a fresh boost to the portfolio reshuffle, selling three more of its A-grade pubs to two different buyers, for a total value of over $136 million. The latest three hotels to exit the Redcape stable are the

NEW TEAM TAKING THE HUNTER TO KHARTOUM

Posted on July 5th, 2024 by Clyde Mooney
Kitchener’s handsome Khartoum Hotel has been sold by veteran Ray Prescott, ushering in a trio of new operators to optimise its opportunity in the Hunter. The historic two-storey pub was constructed in 1926, on a commanding 2023sqm site on what

KNOX DROPS AREA IN A HOT REGION

Posted on July 3rd, 2024 by Clyde Mooney
There’s a new rising star of the region as Jim Knox divests his big Area Hotel in Griffith to a local operator. Knox bought the pub in 2019 for around $8 million from a private syndicate who had operated it

THE SPORTING GLOBE TAKE BENDIGO’S BELOVED METRO

Posted on July 3rd, 2024 by Clyde Mooney
The Signature Group has been unveiled as the buyer of the historic Metropolitan Hotel of Bendigo, with a new instalment of The Sporting Globe heralding a new era for sports enthusiasts in the regional hub. Popularly known as The Metro,

WESTERNPORT ON MARKET FOR FIRST TIME IN 20 YEARS

Posted on July 1st, 2024 by Clyde Mooney
Coastal gem the Westernport Hotel of San Remo has hit the market, available for the first time in 20 years. The popular pub occupies a 2,781sqm corner site with over 100 metres of dual street frontage. Inside is a well-patronised