Property

BLACK RHINO BUOYANT ON LAKESIDE BARMERA

Posted on August 16th, 2021 by Clyde Mooney
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera

DIXON AND EUMUNDI GO TO COURT HOUSE

Posted on August 13th, 2021 by Clyde Mooney
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales.   The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and

BLUE-CHIP SALES TIGHTENING YIELDS

Posted on August 13th, 2021 by Clyde Mooney
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has

EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL

Posted on August 11th, 2021 by Clyde Mooney
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a

KNOX GOES MORE IN MOREE

Posted on August 6th, 2021 by Clyde Mooney
Growing local hotelier Jim Knox has expanded his collection with purchase of the Royal Hotel in Moree from long-term owners Deb and Tim Evans. The Royal of Moree is a large, two-storey brick pub with a generous Federation-style parapet, on

NEW TEAM INTO BRIGHT BROLGA HOTEL

Posted on August 6th, 2021 by Clyde Mooney
The thriving Brolga Hotel of Coleambally has been sold by successful first-timers to new ambitious first-timers Darren and Nathan Maddison. Located north of Albury, around 600 kilometres south-west of Sydney, Coleambally is home to around 650 people, and one pub

ROCHE RICH-LISTERS CONTINUE EXPANSION INTO PUBS

Posted on August 4th, 2021 by Clyde Mooney
A new generation of hotel royalty is stepping up its footprint in pubs, with rich-listers the Roche family consolidating their pivot with purchase of Armidale’s Royal Hotel. The Royal is the latest acquisition by the Roche Group, headed by Bill

STAR GROUP SEES BLUE SKY IN TOWNSVILLE

Posted on August 4th, 2021 by Clyde Mooney
Star Hotels’ expansion and diversification continues with purchase of the Central Hotel in Townsville. Steven Shoobridge’s Star Group lays claim to being Queensland’s largest independently owned and operated pub and liquor retail chain. The company moved into hospitality in 1996

FEROS AND CO TAKE ONE50 FOR $12M

Posted on August 2nd, 2021 by Clyde Mooney
The Gold Coast’s dormant One50 Public House has been bought by the Feros’ JDA Hotels for $12 million, in partnership with Queensland hotelier Nick Kalaf, as market heat cooks prices. Nestled in the heart of the main commercial precinct of

AVC’S STRATEGIC PLAY ON THE SKI SLOPES

Posted on August 2nd, 2021 by Clyde Mooney
Australian Venue Co. continues its expansion into domestic tourism hubs with acquisition of the Hotham Hotel in Mount Hotham Previously known as Swindlers Bar, the venue is the heartbeat of the Hotham ski fields and a staple for food and