Real Estate

CESSNOCK GRANDEUR UP FOR GRABS

Posted on August 20th, 2021 by Clyde Mooney
Another strong regional pub is up for grabs in the Grand Neath Hotel of Cessnock, as ongoing residential migration moves the goal posts on hospitality opportunity.  Set on a generous 1,227sqm site on a prominent corner of Cessnock Road, the

YOUNG PUTS UP A FRIEND

Posted on August 18th, 2021 by Clyde Mooney
Wallaby hotelier Bill Young has listed his twice-loved Friend in Hand of Glebe, to focus on the family’s growing stable of large-format pubs. Built 1858, the two-storey Friend is a vestige of Glebe’s blue collar past. It is close to

REDCAPE FULL YEAR RESULTS AND EXIT FROM ASX

Posted on August 18th, 2021 by Clyde Mooney
Redcape has announced its full-year financial results, along with proposal it delists its dissatisfying shares from the ASX. Today Redcape Hotel Group Management, as the responsible entity of the Redcape Hotel Group (ASX:RDC), announced financial results for year ending 30

ALH PUB SALE SETS NEW BENCHMARK

Posted on August 18th, 2021 by Clyde Mooney
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner

BLACK RHINO BUOYANT ON LAKESIDE BARMERA

Posted on August 16th, 2021 by Clyde Mooney
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera

DIXON AND EUMUNDI GO TO COURT HOUSE

Posted on August 13th, 2021 by Clyde Mooney
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales.   The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and

BLUE-CHIP SALES TIGHTENING YIELDS

Posted on August 13th, 2021 by Clyde Mooney
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has

PHMG PLAN NEW HURSTVILLE HOTEL

Posted on August 11th, 2021 by Clyde Mooney
PHMG is working with developers on a brand-new family-friendly pub within a major new retail and commercial development in Hurstville. Currently under construction, One Hurstville Plaza is a $60 million 14-storey office tower at 288 Forest Rd, between Westfield, Hurstville

EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL

Posted on August 11th, 2021 by Clyde Mooney
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a

KNOX GOES MORE IN MOREE

Posted on August 6th, 2021 by Clyde Mooney
Growing local hotelier Jim Knox has expanded his collection with purchase of the Royal Hotel in Moree from long-term owners Deb and Tim Evans. The Royal of Moree is a large, two-storey brick pub with a generous Federation-style parapet, on