Property

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,

NEW MOELIS PUB FUND BUYS IN BENDIGO FOR $55m

Posted on July 2nd, 2021 by Clyde Mooney
Moelis Australia has announced acquisition of Bendigo’s All Seasons Resort Hotel for $54.5 million, expanding into regional Victoria with a property previously sold by Redcape. MA Financial Group (ASX:MAF) reports it has exchanged contracts on the purchase, set on a

BLACK RHINO BULLISH ON O’CONNELL ST

Posted on July 2nd, 2021 by Clyde Mooney
David Tomsic’s Black Rhino Group has gone again in Adelaide, picking up a vacant pub on O’Connell Street with plans for an overhaul and new eponymous moniker. The latest acquisition is amongst the bustling North Adelaide Village Shopping Centre, offering

NEWCOMERS TAKE MOONEY’S BYRON BAY PRIZE

Posted on June 30th, 2021 by Clyde Mooney
Long-time hotelier Tom Mooney is the latest to benefit from the appetite for Byron Bay, selling the Great Northern Hotel, which the family have owned and operated for nearly three decades. The commanding Great Northern stands on a 2000sqm corner