Property

OSCARS SHAKE-UP SNARES MALOUFS’ BIG CAVES BEACH

Posted on April 13th, 2022 by Clyde Mooney
Representing a portfolio shake-up and region record, the Maloufs' Royal Hotels group has sold the oceanfront Caves Beach Hotel to the Gravanis’ expanding Oscars Hotels. Royal Hotels has expanded on operations at the seaside resort-style venue, and after the better

HARVEST WELCOME MORE WAGGA IN THE VIC

Posted on April 13th, 2022 by Clyde Mooney
The acquisitive Harvest Hospitality has snapped up another Wagga Wagga institution, in the form of the hugely popular Victoria Hotel, for a new regional record price of $29 million. Occupying an imposing 1,311 sqm landholding in the heart of town,

NELSON MEERS AT CROSSROADS FOR $160m

Posted on April 11th, 2022 by Clyde Mooney
The Nelson Meers group has set a new record for an Australian pub sale, putting up a reported $160 million for the massive Crossroads Hotel of Casula. Occupying a 1.28-Ha site at the junction of the Hume Highway and Camden

DON HODGE GROUP TAKE LAKE MACQUARIE

Posted on April 11th, 2022 by Clyde Mooney
The Don Hodge Group Inc has been announced as purchaser of the coveted Lake Macquarie Tavern in Mount Hutton, for a hot market $33 million. Mount Hutton is around 140 kilometres north of Sydney, and only 14 from Newcastle CBD,

K2 CONQUERS BLUE MOUNTAIN

Posted on April 8th, 2022 by Clyde Mooney
Lawson’s picturesque Blue Mountain Hotel has sold to new capital from Sydney, seeing K2 Property Development Group partnering with Locky Paech’s Goodtime Group. Built 1848 as the Blue Mountains Inn, the venue is perched on a high-profile 965sqm corner block,

TOMSIC TAKES OVER ANOTHER TOWN

Posted on April 8th, 2022 by Clyde Mooney
The indomitable Black Rhino group has stampeded into another town, taking two in legendary Coober Pedy to rack up 11 pubs in 11 months. Approximately 900 kilometres north of Adelaide – halfway to Alice Springs – Coober Pedy is one

BIG SINGLETON SALE FOR MURPHY BROTHERS

Posted on April 6th, 2022 by Clyde Mooney
An expanding Sydney hotelier has paid a booming market price of around $18.5 million for the Imperial Hotel in Singleton, bought only a few years ago by the Murphy brothers. Situated amongst a growing residential population in the upper Hunter

HERBERT PASSES BATON ON BOOMING BERESFIELD

Posted on April 4th, 2022 by Clyde Mooney
The big Beresfield Tavern and bottle barn have been sold by ‘accidental publican’ Craig Herbert to local business owners and fellow first-timers Sam and Pierre Patel. In 2021, the Tavern and bottleshop were put to market by Herbert, who had

MELBOURNE’S BIGGEST PRIVATE GAMING OPERATOR BUYS AGAIN IN SA

Posted on April 1st, 2022 by Clyde Mooney
Dave Tomsic’s Black Rhino continues its run into South Australia, announcing settlement of the Kadina Hotel, in the ‘Little Cornwall’ region. A handsome, Federation-style two-storey stone pub on the corner of Taylor and Hallett Streets, the Kadina boasts a classic front

AVC ON THE GREAT ROAD TO APOLLO

Posted on March 28th, 2022 by Clyde Mooney
Australian Venue Co has announced its acquisition of the newly-sold Apollo Bay Hotel, on Victoria’s famous Great Ocean Road. Following the $10.5 million sale last week to an unnamed Victorian publican, AVC has entered an exclusivity agreement with the freeholder