Real Estate

HOTEL TULLY HITS HOT QUEENSLAND MARKET

Posted on May 12th, 2021 by Clyde Mooney
Hotel Tully, on Queensland’s Cassowary Coast, has hit the market amid increasing interest in tourism-laden regional assets.   Commonly known as the ‘Top Pub’, Hotel Tully was built 1926 and is considered a local landmark, with direct frontage to main

AVC HALTS IPO AND ALH KICKS OFF

Posted on May 10th, 2021 by Clyde Mooney
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to

WAGGA HATTRICK AS BUYERS TAKE WHAT THEY CAN GET

Posted on May 10th, 2021 by Clyde Mooney
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub

IPO-BOUND AVC ADDS TWO MORE

Posted on May 7th, 2021 by Clyde Mooney
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks,

JACARANDA ON OFFER: FIRST TIME IN 56 YEARS

Posted on May 7th, 2021 by Clyde Mooney
Grafton’s Jacaranda Hotel has been listed for sale by the long-serving Stokes family, who have held it for over five decades. The Jacaranda is a classic two-storey timber structure on a generous 2,037sqm corner lot in the heart of the

FEROS OFFERS UP TERREY HILLS TAVERN

Posted on May 5th, 2021 by Clyde Mooney
Feros Group has announced the very large-format Terrey Hills Tavern is back on the market, as they look to focus on a swathe of opportunities in Sydney’s south. Nick and Chris Feros' group has listed the Northern Beaches landmark, as

OSCARS DIVEST STRAND TO ADGEMIS’ JAGA GROUP

Posted on May 5th, 2021 by Clyde Mooney
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast

AVC LOOK TO RAISE $350m IN IPO

Posted on May 5th, 2021 by Clyde Mooney
Australian Venue Co. has taken the next steps toward its public float, with fund managers this week informing investors the process will look to raise $352 million, while New York financial giants KKR retain their share.  American heavyweight KKR secured

OATES GROW RIVERINA REALM WITH ROMANO’S

Posted on May 3rd, 2021 by Clyde Mooney
Another Wagga Wagga hotel hotel has sold sold, as the famous Romano's joins a family in Riverina pub ownership. The landmark Romano’s Hotel has been in the hands of a syndicate of local and Sydney-based owners since 2016. The investors