Real Estate

ALH FLAGS PUBS WON’T REOPEN AS ALE CALLS OUT MANAGEMENT

Posted on October 26th, 2020 by Clyde Mooney
Woolworths-backed ALH has flagged not reopening Melbourne pubs under restricted capacity, as landlord ALE drags the group back to court questioning the quality of management at venues. From 2 November licensed venues in Melbourne including pubs will be allowed to

NEW LAUNDY JORDAN SPRINGS PUB PENDING

Posted on October 26th, 2020 by Clyde Mooney
Laundy Hotels is vying to build another new western Sydney pub, bringing the fledgling suburb of Jordan Springs its first local watering hole. The Jordan Springs Tavern would be located on Lakeside Parade, on a 5,026sqm site. The public house

NEW OFFER IN THE NEW HAMPTON

Posted on October 23rd, 2020 by Clyde Mooney
The premium leasehold interest in the New Hampton Hotel in Kings Cross is being marketed for sale through a public campaign. Located at the western end of Bayswater Road, a stone’s throw from the famous Coke sign, the New Hampton

AWARD-WINNING RAILWAY OFF TO MARKET

Posted on October 21st, 2020 by Clyde Mooney
The freehold going concern of the award-winning Railway Hotel in Parkes has come to market amid major local development and opportunity. The two-storey red brick Railway was built 1915, sporting the traditional stilted veranda on three sides. It occupies a

IRIS’ $65m PLANS FOR THE BOURBON EMPIRE

Posted on October 16th, 2020 by Clyde Mooney
Iris has put out its $65 million proposal for the redevelopment of four adjacent Potts Point sites, between the iconic The Bourbon and the Empire Hotel. Piccadilly Hotel Operations Trust P/L, connected to Iris Capital, has worked through an extensive

FIRST-TIMERS PLUCK ROSE OF ROZELLE

Posted on October 12th, 2020 by Clyde Mooney
Two enthusiastic nearly-newcomers have taken the keys to Rozelle’s former Ruby L'otel turned Native Rose Hotel.  Matthew Younger and Kaine Costello have purchased the lease on the Native Rose from Mark Fethers and Tanya Maystrovoich, securing a deal for 17

HARVEST EXPANSION ON TRACK IN ALBURY

Posted on October 9th, 2020 by Clyde Mooney
Heralding a new focus on pubs, Harvest Hotels has expanded with the freehold going concern acquisition of Brady’s Railway Hotel for around $10 million. Harvest is fronted by hospitality die-hards Fraser Houghton and Chris Cornforth, who wield a focus on

BALMORAL LIST APPROVED FLAGSTONE TAVERN

Posted on October 9th, 2020 by Clyde Mooney
Balmoral Hospitality Group has put its ready-to-build Flagstone Tavern site on the market, citing greater focus on further opportunities home in NSW. Joel Fisher and Andrew Denmeade’s Balmoral Hospitality Group (BHG) purchased the greenfield project in early 2019, shortly after

NEW DEAL ON THE OLD FITZ

Posted on October 7th, 2020 by Clyde Mooney
In the end of an old era, Woolloomooloo hotelier Gary Pasfield has listed the lot at his city-fringe stalwart, the Old Fitzroy Hotel. Overseeing the corner of Dowling and Cathedral Streets on a commanding 237sqm site in Sydney’s bustling waterside

THORPE HAT TRICK TO REVIVE THE DUKE

Posted on October 2nd, 2020 by Clyde Mooney
The Duke of Enmore has a new master, with the leasehold interest sold to emerging Sydney operator James Thorpe. The Thorpe brothers took on Darlinghurst beer mecca The Taphouse in 2017. They took their next step into Petersham’s Oxford Tavern