Property

MATTHEWS EXPANSION CONTINUES, WITH SUSSEX

Posted on September 19th, 2022 by Clyde Mooney
Matthews Hospitality, one of South Australia’s largest family-owned groups, has added the iconic Sussex Hotel at Walkerville to its portfolio. The Matthews group was established during World War II by Seymour and Doris (Dossie) Matthews, and today owned by third-generation

IRIS SEES OLD WISEMANS FROM YOUNG

Posted on September 12th, 2022 by Clyde Mooney
Bill Young has continued the house shake-up, selling his long-held Wisemans Inn Hotel to Sam Arnaout's expanding Iris Capital empire. The large-format Hotel was built by British convict Solomon Wiseman, who after being pardoned received a grant of 200 acres,

ENDEAVOUR SETS COURSE FOR FIVE ISLANDS

Posted on September 9th, 2022 by Clyde Mooney
Ludlow Hospitality and Paddy Coughlan have flipped popular Illawarra pub Five Islands to Mark Kennedy’s Endeavour Hotels. The former Cringila Hotel was built in 1956. The Gravanis brothers’ Oscars Hotels bought the tired operation, promoting itself as a ‘daddy daycare’

CLATWORTHYS OUT OF THE ARMS

Posted on September 9th, 2022 by Clyde Mooney
An historic Melbourne pub has changed hands for the first time in more than half a century, seeing the stalwart Clatworthy family move on. The Sawyers Arms Tavern of Newtown, on the fringe of Geelong, was built in 1850 by

CAMPIONS’ LONGY SALE AFTER A CENTURY

Posted on August 26th, 2022 by Clyde Mooney
The cornerstone Longueville Hotel is the latest is a procession of generational family exits to change hands, as long-timers the Campion family sell after nearly a century for reportedly close to $50 million. Occupying a gateway site fronting Lane Cove

ALH AND CHARTER HALL SNAP UP WARATAH’S TANDY

Posted on August 17th, 2022 by Clyde Mooney
ALH Group has teamed again with Charter Hall to purchase the Tandara Hotel in Sarina from pub pundits Waratah Hotel Group. The Tandara occupies a large 5,100sqm corner block fronting the Bruce Highway and Central Street, in coastal Mackay. It

MAGUIRE FAMILY EXIT AUSSIE AFTER 131 YEARS

Posted on August 15th, 2022 by Clyde Mooney
The Australian Hotel, established by the Maguire family in 1891, has been sold outside the family for the first time ever, to growing Sydney publican Warren Livingstone. A local western Sydney family was behind creation of the Australian Hotel, on

HAKFOORT FAMILY TEMPT HPI AND AVC OUT OF STANLEY

Posted on August 15th, 2022 by Clyde Mooney
The ASX-listed Hotel Property Investments (ASX:HPI) and Australian Venue Co (AVC) have sold the Lord Stanley Hotel in East Brisbane to Queensland faithfuls the Hakfoort Group. The re-stapled freehold going concern of the Lord, on circa 5,500 sqm, incorporating public

NO-FRIEND YOUNG BUYS BAR BROADWAY

Posted on August 12th, 2022 by Clyde Mooney
Wallaby publican Bill Young has scored again, beating off competition to take the prominent Bar Broadway in Chippendale for a reported circa $36 million. The re-stapled freehold going concern, first known as the Westminster Hotel, then the Guys & Dolls

ADELAIDE JUMPS AS LATEST REAL ESTATE HOT SPOT

Posted on August 12th, 2022 by Clyde Mooney
Adelaide has cemented itself as the latest feeding ground for pub investment, as a reported $100 million worth of pub sales are announced, including Harvest’s new fund and a record price by ALH/Endeavour. The surge of transaction activity has been