Property

IMG HOTELS FURTHER MASSIVE MPK PORTFOLIO BUY

Posted on July 14th, 2021 by Clyde Mooney
Dubbo’s Western Star is the latest from the MPK stable to be bought by newcomers IMG Hotels, following their major portfolio purchase earlier this year. In April news emerged of sale of the whole freehold going concern portfolio of Nick

NEWCOMER ANSWERS CALL FOR COOEE HOTEL

Posted on July 12th, 2021 by Clyde Mooney
Michael Lucas and David Kennewell have secured their latest exit from the industry with sale of their Cooee Hotel in St Georges Basin for around $7.7 million. Brisbane-based Lucas and long-term partner Kennewell acquired the freehold of the pub, just

HARVEST MOVES ON WILLIAM FARRER

Posted on July 12th, 2021 by Clyde Mooney
Harvest Hotels has announced its successful acquisition of Wagga Wagga’s William Farrer Hotel. This is the latest regional hospitality venture for the group. It follows the revival of Tamworth’s oldest pub, The Courthouse, and purchase of Brady’s Railway Hotel Albury,

HUNT TAKES NEXT HOP, INTO HARRINGTON

Posted on July 9th, 2021 by Clyde Mooney
The ultra-waterfront Harrington Hotel has been sold by the Nixon family to the pub coast king, Stephen Hunt. Having purchased the pub in 1998, the Nixons have sold the Hotel in line with market guidance, sources say was $15 million,

IRISH TAKE OVER BALMAIN’S LONDON HOTEL

Posted on July 9th, 2021 by Clyde Mooney
Balmain's famed London Hotel has been sold off-market by the Stevens family to Ray Reilly and Co for $8.5 million.  The Stevens’ acquired the landmark pub on Balmain’s Darling Street in 1989 from the Coopers Brewing family. The family also

WAYNE GROUP TOPS BIDDERS ON O’MALLEY’S

Posted on July 7th, 2021 by Clyde Mooney
Kings Cross landmark O’Malley's Hotel has sold to the expanding Wayne Group, representing their entry to the super-hot Sydney market. O’Malley’s came up for sale in March, on behalf of KPMG as Receivers & Managers, amid rumours of a partnership

LOCAL DEVELOPER STEAMS INTO PARKES’ RAILWAY

Posted on July 7th, 2021 by Clyde Mooney
The award-winning Railway Hotel in Parkes has been sold by Bianca Sheridan and Kasie Fergusson to an aspiring local developer. Sheridan and Fergusson purchased the hotel in 2010. They went about a major renovation and repositioned the pub to focus

LONG-TIME MANAGER WINS RACE TO REST

Posted on July 5th, 2021 by Clyde Mooney
The waterfront Anglers Rest Hotel is ushering in the next generation, seeing Geoff Watts and Mal McKellar sell the freehold going concern to one of their long-serving managers. The McKellar and Watts families have owned the Anglers Rest Hotel for

COLOSIMO & CO HEAD TO MUSWELLBROOK

Posted on July 5th, 2021 by Clyde Mooney
Eatons Hotel in Muswellbrook has been sold by the Ryan family to an associate of Marcello Colosimo, with operations destined for the Momento portfolio. Eatons is positioned on almost an acre of land (3,490sqm) on the major arterial road through

LAUNDY O’HARA CRUICKSHANK BUY BIG IN ALBURY

Posted on July 2nd, 2021 by Clyde Mooney
Continuing the interest in hot regional assets, the Laundy O’Hara Cruickshank consortium has bought Albury’s Springdale Heights Tavern for $22 million, representing a regional record. Established in 1988 on a huge 1.2-Ha corner site on arterial Kaitlers Rd in Lavington,