Real Estate

THORPE SHAKE-UP HERALDS ODD CULTURE

Posted on December 18th, 2020 by Clyde Mooney
The burgeoning Thorpe Hospitality has orchestrated a serious shake-up, divesting flagship The Taphouse while taking on two new venues, and rebranding to become Odd Culture group. James Thorpe’s outfit first entered the Sydney pub scene with acquisition of Darlinghurst sweetheart

CATS SELL BROOK HOTEL TO MELBOURNE RACING

Posted on December 18th, 2020 by Clyde Mooney
By Grant Jones The Geelong Football Club has divested the Brook Hotel in south-west Melbourne to the Melbourne Racing Club in a play to ditch gaming. The venue at 215-221 Sneezes Rd in Point Cook was first put on the

OSCARS DIVEST COFFS’ PLANTATION

Posted on December 16th, 2020 by Clyde Mooney
Oscars Hotels has sold the once infamous Plantation Hotel for around $10 million to a Sydney publican and new entrant to the industry. The large-format Plantation occupies a prominent 3,000sqm lot in Coffs Harbour, providing an oversized bar with multiple

LAUNDY TOPS BIDDERS FOR BIDWILL

Posted on December 14th, 2020 by Clyde Mooney
Pub king Arthur Laundy has snapped up another Top100 pub, paying long-time owner Martin Secheny $35 million for the Bidwill Hotel – the latest addition to the Laundy local area. Occupying a generous 4,300sqm block in the north-western Sydney suburb,

PRENTICE GETTING OUT OF GATTON’S COMMERCIAL

Posted on December 14th, 2020 by Clyde Mooney
Queensland hotelier Tony Prentice is lightening the portfolio, offering up the Commercial Hotel of Gatton after an unexpected 15 years. Built 1927, the Commercial is the pub “Where everyone knows your name” and one of the oldest in the Gatton-Laidley

MALOUFS GET SHEARER’S ARMS OVER THE LINE

Posted on December 11th, 2020 by Clyde Mooney
Recognising the industry is back up and running, the new Malouf partnership has cemented the deal on their first Queensland operation in John Murphy and John Cornish’s Shearer’s Arms Hotel. The newly-formed North South Pub Co (NSPC) is Matthew Coorey

MOELIS TAKES TAYLOR SQUARE WITH KINSELAS

Posted on December 9th, 2020 by Clyde Mooney
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for

REDCAPE TAKE TWO MORE AS DELAWARE BOWS OUT

Posted on December 9th, 2020 by Clyde Mooney
ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of

SOUTHERN SUNSHINE ON BOBBIE PEELS

Posted on December 9th, 2020 by Clyde Mooney
Victorians are making hay in the sunshine of eased restrictions as opportunities emerge and the countdown to Christmas begins in earnest. This week brought the highly anticipated move to one patron per two square metres and no cap on numbers,

IRIS NABS BIGGEST BUY NARWEE HOTEL

Posted on December 7th, 2020 by Clyde Mooney
Iris has executed the biggest sale of the year in the final weeks of 2020, taking the Ryan family’s long-held Narwee Hotel in Sydney’s south. The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite