Real Estate

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

SEASIDE HARRINGTON HOTEL JOINS COASTAL CAVALCADE

Posted on April 30th, 2021 by Clyde Mooney
The sea-kissed Harrington Hotel is being offered to market in mid-north coast NSW, for the first time in 23 years. Situated in the beachside township of Harrington, around 330 kilometres north of Sydney or forty minutes south of Port Macquarie,

MERIVALE MOVES INTO MELBOURNE

Posted on April 28th, 2021 by Clyde Mooney
Hospitality juggernaut Merivale has announced it will soon join Melbourne’s world-class hospitality industry in the beating heart of the city’s CBD, Flinders Lane. Justin Hemmes’ outfit has purchased the freehold of Tomasetti House at 277 Flinders Lane, for close to

AVC ROLLING OUT THE ASX ROADSHOW

Posted on April 28th, 2021 by Clyde Mooney
After years of rumours and a pandemic delay, Australian Venue Co has finally kicked off its run at the ASX. Australian Venue Co (AVC) has 175 venues across Australia and New Zealand, having aggressively accumulated leasehold sites since 2014. Majority-owned

MELBOURNE’S BLACK RHINO CHARGES INTO ADELAIDE

Posted on April 28th, 2021 by Clyde Mooney
Leading Victorian pub group Black Rhino is seizing opportunity, snapping up a collection of gaming hotels in metro and regional South Australia, starting with the Newmarket in Port Adelaide. David Tomsic – owner and managing director of the Black Rhino

ANOTHER WIN IN WAGGA FOR O’HARA AND CO

Posted on April 26th, 2021 by Clyde Mooney
A syndicate led by Sam Cruikshank and Sean O'Hara has furthered the faith in the land of many crows, snapping up the Sportsmens Club Hotel. Known locally as ‘Sporties’ the pub features public bar, bistro, gaming room with 14 machines,

STATE’S BIGGEST GAMING PUB ON OFFER

Posted on April 26th, 2021 by Clyde Mooney
Listed pub landlord HPI has put up a long lease on the extra-large-format Acacia Ridge Hotel in the Brisbane suburbs. Built in the 1970s by Castlemaine brewery, the pub was originally used as a warehouse for distribution. It counts a