Property

MERIVALE $60m DOUBLE-TAKE, INTO LEICHHARDT AND LORNE

Posted on May 19th, 2021 by Clyde Mooney
Justin Hemmes’ empire has announced another $62 million in acquisitions, expanding in Sydney’s inner west with Norton’s Irish Pub and the Lorne Hotel, south of Melbourne. Mere metres from Lorne’s main beach, the Lorne is the end destination for the

SHORT O’HARA MALOUF GO AGAIN IN COFFS

Posted on May 19th, 2021 by Clyde Mooney
The growing syndicate of Martin Short, Sean O’Hara, Jamie Malouf and Co. has acquired the large-format and highly acclaimed Moonee Beach Tavern in Coffs Harbour from Harry Barry. The Tavern is a very large-format family-oriented local, on a huge 1.17-Ha

UNIVERSAL SNAP UP NEWTOWN AS CLG EXITS

Posted on May 17th, 2021 by Clyde Mooney
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to

TENANTS TAKE THE TITLE AT SODEN’S

Posted on May 17th, 2021 by Clyde Mooney
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies

LEWIS LEAPS INTO RAMADA

Posted on May 12th, 2021 by Clyde Mooney
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s

WAGGA HATTRICK AS BUYERS TAKE WHAT THEY CAN GET

Posted on May 10th, 2021 by Clyde Mooney
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub

IPO-BOUND AVC ADDS TWO MORE

Posted on May 7th, 2021 by Clyde Mooney
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks,

OSCARS DIVEST STRAND TO ADGEMIS’ JAGA GROUP

Posted on May 5th, 2021 by Clyde Mooney
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast

OATES GROW RIVERINA REALM WITH ROMANO’S

Posted on May 3rd, 2021 by Clyde Mooney
Another Wagga Wagga hotel hotel has sold sold, as the famous Romano's joins a family in Riverina pub ownership. The landmark Romano’s Hotel has been in the hands of a syndicate of local and Sydney-based owners since 2016. The investors

MERIVALE MOVES INTO MELBOURNE

Posted on April 28th, 2021 by Clyde Mooney
Hospitality juggernaut Merivale has announced it will soon join Melbourne’s world-class hospitality industry in the beating heart of the city’s CBD, Flinders Lane. Justin Hemmes’ outfit has purchased the freehold of Tomasetti House at 277 Flinders Lane, for close to