Property

MOELIS CAPS 21 WITH A BANG IN BYRON’S HOTEL BRUNSWICK

Posted on December 17th, 2021 by Clyde Mooney
Moelis Australia Hotel Management has book-ended the big buys of Byron, paying $68 million for Delvene Cornell and David Gyngell’s Hotel Brunswick of Brunswick Heads. The Hotel Brunswick is an icon of northern NSW, 20 minutes north of Byron Bay,

AVC AND HPI’S BIG EOY SHAKE-UP

Posted on December 17th, 2021 by Clyde Mooney
Australian Venue Co and listed partner HPI have announced an end of year portfolio shake-up, cashing in at Acadia Ridge and snapping up the entire ‘Booze Bros’ Saturno portfolio. Hotel Property Investments (ASX:HPI) has agreed to pay $66.1 million in

NEWCOMER GETS LUCKY IN NEWCASTLE

Posted on December 15th, 2021 by Clyde Mooney
The McCloy sisters have sold their award-winning Lucky Hotel of Newcastle to a new entrant to the NSW pub market, private equity banker Martin Scott and family. Previous incarnation the ‘Lucky Country Hotel’ was a lively part of Newcastle’s pub

BAYSWATER IN THE HANDS OF LOCALS CO

Posted on December 15th, 2021 by Clyde Mooney
The expanding LocalsCo has added the landmark Bayswater Hotel to its collection of high-profile assets. The 123-year-old heritage-listed hotel resides on 6,452sqm between the Perth CBD and Airport, within Development WA’s Metronet East redevelopment area, boding an upgrade of the

STANFORD HAT TRICK PASSES PUB @ RIVO TO NEW MONEY

Posted on December 13th, 2021 by Clyde Mooney
The Stanford family have sold their third and final hotel, the Pub @ Rivo, to a new and growing consortium led by businessman Andrew Wheeler and publican Brendan Hood. Around three months ago the Stanfords began the process to navigate

FOOTY HERO BURKE FAMILY PASS NORTHSIDE TO HARVEST

Posted on December 10th, 2021 by Clyde Mooney
Harvest Hotels have taken another big regional pub in the Northside Hotel, Albury, from the famous footballing Burke family. Patriarch Peter Burke and co. bought the Northside in 2005 and have operated it for the past 16 years. They also

DUXTON REACHES A DOZEN

Posted on December 6th, 2021 by Clyde Mooney
The ambitious Duxton Pubs Group has added another in its quest for national prominence, buying the Port Broughton Hotel, north of Adelaide.   Built in 1910, the classic Victorian Hotel is centred around a large island style bar, with TAB,

SORELLA SNARES ADELONG ROYALTY

Posted on December 3rd, 2021 by Clyde Mooney
Growing group Sorella has taken the keys to the historic large-format Royal Hotel of Adelong, from long-term owners. The two-storey Royal occupies a prominent 2,023sqm corner site on Tumut Street, where it is part of the Snowy Mountains Highway. Known

ANOTHER NEW ENGLAND PUB SNAPPED UP

Posted on November 29th, 2021 by Clyde Mooney
Sales continue in the New England region with news of the freehold going concern of Armidale’s Railway Hotel transacting for circa $8 million. Established in 1879, the Railway resides on a generous 3,800sqm commercial property with dual street frontage, close

FRASER SHORT TAKES ON SIR GEORGE

Posted on November 26th, 2021 by Clyde Mooney
High-profile hotelier Fraser Short has picked up the acclaimed and rescued Sir George Hotel of Jugiong for $14 million. Vendors on the sale were mother-daughter duo Liz Prater and Kate Hufton, who acquired the dilapidated Hotel in 2015 and undertook