Property

AUSTRALIA’S OLDEST IRISH CLUB EMBRACES SARAH SANDS

Posted on March 25th, 2024 by Clyde Mooney
The celebrated Celtic Club has found a new home, taking over AVC’s (former) Sarah Sands Hotel, in the craic of Brunswick. Melbourne’s 600-strong Celtic Club was formed in 1887, and has outlasted sister initiatives in Sydney and Brisbane to become

AVC BUY FOUR FREEHOLDS FROM LANDLORD HPI

Posted on March 22nd, 2024 by Clyde Mooney
ASX-listed HPI today announced it has entered a binding agreement to sell four of its hotels to its major tenant, Australian Venue Co, for a total of $48.6 million. Set to occur in two tranches, the four properties comprise three

BLACK RHINO BACKS UP IN THE SUNSHINE STATE

Posted on March 15th, 2024 by Clyde Mooney
Dave Tomsic’s Black Rhino Group has continued its run into Queensland, picking up Irvin Hotels’ long-held Overlander Hotel in Mount Isa. Set on a large-format site on main drag Marian Street through Mount Isa’s Townview, the pub counts 40 EGMs,

BARRY BACKS IT UP AT CORINDI BEACH

Posted on February 9th, 2024 by Clyde Mooney
Kelly & Co Hotels has divested the “opportunity-laden” Corindi Beach Hotel on the NSW Coffs Coast to honed local Harry Barry. Originally known as the Amble Inn, the large-format pub sits on an enormous 16,120sqm site and includes public bar,

DUXTON PLUCKS ALMA FROM THE NEST

Posted on January 22nd, 2024 by Clyde Mooney
A murder of Crows has sold the famous Alma Tavern to the growing, state-dominant Duxton Pubs group. The Alma sports quite a history with AFL champs the Adelaide Crows. Previously on the deeds were Simon Goodwin and Patrick Dangerfield, along

ALH GETS NOD TO BUY RYE

Posted on December 8th, 2023 by Clyde Mooney
Australia’s largest publican, ALH, is clawing back in its plan to turn the balance sheet around, securing approval by the ACCC to proceed with purchase of Victorian landmark the Rye Hotel. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase the

KELLY AND THE GANG EXIT GULGONG

Posted on December 1st, 2023 by Clyde Mooney
Kelly & Co Hotels have furthered their strategic portfolio consolidation with the sale of the Centennial Hotel in Gulgong to a pair of newcomer siblings. Situated on a prominent corner site of 1,345sqm with excellent street frontage, the pub known

BUNDY’S RAILWAY ON NEW TRACKS

Posted on November 27th, 2023 by Clyde Mooney
Bundaberg hospitality stalwart Stephen Paterson has handed over his town favourite, the Railway Hotel, with the Spotted Dog Café, Bar and Grill, to first-timer Adrian Evans and partners including Arthur Laundy. Mid-2020, the iconic Spotted Dog Tavern and adjacent backpackers

SHORTS PASS ON SEABREEZE LEGACY

Posted on November 24th, 2023 by Clyde Mooney
The Shorts have sold their idyllic and windswept Seabreeze Beach Hotel on the NSW mid-north coast to the growing Hunter group. The Short family have owned and operated the seaside pub at picturesque South West Rocks for over two decades,

REDCAPE WRAPS TWO MORE SALES, FOR NOW

Posted on November 23rd, 2023 by Clyde Mooney
After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term