Real Estate

SALISBURY IN RELUCTANT SALE

Posted on August 30th, 2023 by Clyde Mooney
Ged Dore and company have put up the handsome Salisbury Hotel in Stanmore, as an investor partner seeks to cash out. Built 1899, the three-level pub enjoys triple street frontage, occupying a prominent 800sqm corner lot on the main retail

NEW STAR OVER REDCAPE’S HISTORIC ASPLEY

Posted on August 28th, 2023 by Clyde Mooney
Redcape’s historic and beloved Aspley Hotel in Brisbane’s north has sold off-market to local operators Star Hotels. The Royal Exchange Hotel was built on the site in 1875, before the current building, designed by architects Addison and Macdonald, replaced it

HUNTER VALLEY STATION FOR SALE

Posted on August 28th, 2023 by Clyde Mooney
The colourful Station Hotel and Motel of Kurri Kurri is being sold by the Roche family, offering an entry level title in the Hunter Valley. The Station holds some history in the region. Designed by acclaimed Maitland architect James Warren

KKR OFFLOAD AVC IN BILLION-DOLLAR DEAL

Posted on August 25th, 2023 by Clyde Mooney
Global investment giant KKR has formalised an agreement with alternative investment firm PAG for purchase of its controlling share in Australian Venue Co (AVC) in a billion-dollar-plus deal. Today’s announcement finalises a process that began nearly a year ago with

REDCAPE REAPS REWARDS AT THE GROVE

Posted on August 25th, 2023 by Clyde Mooney
Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay,

MATHIESON’S RISING STAR

Posted on August 23rd, 2023 by Clyde Mooney
Billionaire pub baron Bruce Mathieson is looking to bolster his stake in the casino sector, applying to the regulator to increase his already substantial holding in the troubled Star Entertainment. Principle investor in Endeavour, keeper of the country’s largest pub

THE HIDEAWAY STEPS INTO THE LIGHT

Posted on August 23rd, 2023 by Clyde Mooney
Classic Queensland-style country pub the Station Hotel in the Fraser Coast region is being offered to market for the first time in more than four decades. The Station is in Tiaro, approximately 250 kilometres north of Brisbane, just south of

THE REPUBLIC SOLD TO DEVELOPER

Posted on August 21st, 2023 by Clyde Mooney
An up-and-coming developer has bought Sydney’s famous The Republic, prompting speculation the pub may see redevelopment. The trophy hotel has reportedly sold for around $40 million to diversified property group Virtical, which it’s said is seeking to capitalise on its

GOOD BEER SERVES UP TWO MORE

Posted on August 18th, 2023 by Clyde Mooney
John Azar’s Good Beer Co continues the portfolio shake-up, listing both the Union Hotel in North Sydney and The Harold of Forest Lodge. The Union is a classic Art-Deco pub on the Pacific Highway equipped with three bars, a restaurant,

REDCAPE POLISHING PORTFOLIO IN MACKAY

Posted on August 18th, 2023 by Clyde Mooney
High-profile hotel group Redcape has listed two of its large-format pubs, The Shamrock and The Grove hotels in Mackay, as it shores up the balance sheet to overcome hurdles and pave the way for future moves. Formerly the Andergrove Tavern,