Property

ROYAL OAK GROWS LOCAL GROUP

Posted on April 23rd, 2021 by Clyde Mooney
The troubled Royal Oak Hotel of Cessnock has been sold through receivers to a growing local hotelier.  Built 1922, the pub enjoys a prominent corner in Cessnock – known as the gateway to tourism hotspot the Hunter Valley.  The large

UNIVERSAL SECURES FAMILY TIES IN TEMPE

Posted on April 21st, 2021 by Clyde Mooney
The Kospetas family’s Universal Hotels has picked up the unsung Tempe Hotel for north of $10 million, with big hopes for the changing pub landscape. A hotel was first established on the site, on the Princes Highway, in 1856. In

BIG GUNS TAKE UP THE SUN IN BOOMING BYRON

Posted on April 16th, 2021 by Clyde Mooney
The Winchester Group has soaked up The Sun Hotel in Bryon Bay from the Flannery family’s KTQ Group for an undisclosed price. The rich-listed Flannery family built The Sun on a generous 7,653sqm freehold landholding near Byron Bay’s North Beach,

ROYAL FLUSH FOR QUINN & CO

Posted on April 14th, 2021 by Clyde Mooney
A posse of publicans led by Newcastle-based Nicholas Quinn have purchased both the freehold going concern of Taree’s Royal Hotel and passive freehold of the nearby Australian Hotel in Wingham. The Royal Taree is a classic regional watering hole, offering

ANOTHER WIN IN BATHURST

Posted on April 12th, 2021 by Clyde Mooney
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial

NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL

Posted on April 9th, 2021 by Clyde Mooney
The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date.  MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst,

AVC PICKS UP A BIMBO

Posted on April 9th, 2021 by Clyde Mooney
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of

HAWKESBURY HERO LIONHEART LUKE PARTS WITH CLARENDON

Posted on April 7th, 2021 by Clyde Mooney
Luke ‘Lionheart’ Ainscough has sold his regional landmark in Sydney’s burgeoning northwest to the up-and-coming Endeavour, as the region dries out from subsiding floodwaters. The Clarendon resides on a 1,959sqm lot on Hawkesbury Valley Way – the main arterial road

BELLEVUE IN NEW HANDS AGAIN

Posted on March 31st, 2021 by Clyde Mooney
The Calligeros clan has taken ownership from the Maloufs of Paddington’s much-loved and much-owned landmark, the Bellevue Hotel. The two-storey Bellevue has stood on the corner of Hargrave Street and Windsor Lane since 1880. Industry faithful Steven Speed and partner

JDA TAKES MOUNTBATTEN

Posted on March 31st, 2021 by Clyde Mooney
The Feros’ JDA Hotels has secured the leasehold interest of the coveted Mountbatten Hotel in Haymarket for $7.5 million. The Mountbatten is one of the true ‘locals’ of Sydney’s major boulevard, George Street, with an office workers’ happy hour from