Real Estate

NEW MOELIS FUND WINS BATTLE INTO COURTHOUSE

Posted on November 20th, 2020 by Clyde Mooney
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million.  The Courthouse is an icon of the Oxford

REDCAPE TEMPTS COOTES OUT OF THE GLADDY

Posted on November 20th, 2020 by Clyde Mooney
ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will

ALE RECORDS VALUE GROWTH AND TIGHTER YIELDS

Posted on November 18th, 2020 by Clyde Mooney
Following completion of independent valuation and a rent-determination process, ASX-listed ALE Property Group has recorded a $51.6 million gain in the value of its 86-venue portfolio and further support to its case for rental increases. As of 31 October the

JEWEL OF SOUTH MELBOURNE TO FETCH PRETTY PENNY

Posted on November 18th, 2020 by Clyde Mooney
The storied Emerald Hotel in South Melbourne has come to market for the first time in 48 years. Nestled on a 667sqm corner site, just a few kilometres south of the Melbourne CBD, with the 12 tram running right past

STARS ALIGN IN DUBBO SALE

Posted on November 16th, 2020 by Clyde Mooney
A Star of the state’s central west has come to market with generational owners joining with thriving leaseholders to offer the freehold going concern to market. The large format Western Star Hotel is considered an institution in the burgeoning Evocity

SYNDICATE SNAPS UP CRESCENT HEAD TAVERN

Posted on November 13th, 2020 by Clyde Mooney
Popular local the Crescent Head Tavern has been sold to a consortium of eager local mates, as the Gunns of The Tav look to family matters to the south. The Crescent Head Tavern (CHT) is a large-format pub on Main

DAWES OPEN NEW ERA IN COMMERCIAL TOP PUB

Posted on November 13th, 2020 by Clyde Mooney
The “Top Pub” Commercial Hotel of Kyogle has changed hands for the first time in nearly two decades, welcoming first time hoteliers the Dawes family into the game. Port Macquarie-based owners Deb and Scott Facey have held the Commercial of

WARATAH PUB FUND SNAPS UP ROYAL ROMA

Posted on November 11th, 2020 by Clyde Mooney
The refreshed Waratah Hotel group has taken the deeds to the Royal on Ninety-Nine in Queensland cattle country Roma. The Royal Hotel at Roma was to be found on the corner of McDowell and Hawthorne streets in the heart of

BULL AND BARLEY ON THE TABLE

Posted on November 9th, 2020 by Clyde Mooney
The elegant Bull & Barley Inn has come to market, boasting a strong operation with upside within a tastefully restored historic local hotel. Established in 1902, the Cambooya pub was originally named the Railway Hotel and one of only three

COUNTRY CLUB DALBY SET TO SWING AGAIN

Posted on November 6th, 2020 by Clyde Mooney
The landmark Country Club Hotel in Dalby has sold to a new consortium of owners from Brisbane and Sydney. Taking a large corner of Cunningham St and State Route 82, about 200 kilometres west of Brisbane, the two-story pub incorporates