Real Estate

MERIVALE GOES TO THE DOG

Posted on November 25th, 2020 by Clyde Mooney
Justin Hemmes’ Merivale has emerged from the slowdown swinging, snapping up Good Beer Co’s the Duke of Gloucester Hotel for around $32 million. Dominating the intersection of Frenchmans and Clovelly roads in Randwick, the expansive two-level heritage pub is known

SOLOTEL SELLS GREEN PARK TO ST VINCENT’S

Posted on November 25th, 2020 by Clyde Mooney
Sydney hospitality giant Solotel has announced completion of the sale of the iconic Green Park Hotel to precinct hero, St Vincent’s Hospital Sydney. Built 1893, the three-storey Darlinghurst institution and destination venue for Mardi Gras celebrations will soon be repurposed

HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS

Posted on November 23rd, 2020 by Clyde Mooney
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD,

HALLMARK TAKES THE HEART OF BRISBANE

Posted on November 23rd, 2020 by Clyde Mooney
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868,

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