Property

COUGHLAN BACK IN PUBS, TAKING OSCARS’ FIVE ISLANDS

Posted on June 16th, 2021 by Clyde Mooney
Pub mover and shaker Paddy Coughlan is back in the race with a remodelled vehicle and acquisition of Oscars’ Five Islands Hotel in Wollongong for over $20 million. The Gravanis brothers’ Oscars Hotels bought the freehold going concern of the

AVC GOES PARKSIDE IN ADELAIDE

Posted on June 16th, 2021 by Clyde Mooney
Australian Venue Co. has continued its confidence in South Australia with acquisition of Adelaide’s Parkside Hotel. Built 1958, the pub has been known as the Fountain Inn Hotel, but enters a new era courtesy of a recent renovation and new

MERIVALE DOUBLES DOWN IN NAROOMA

Posted on June 16th, 2021 by Clyde Mooney
Merivale has continued the buying spree with purchase of The Whale Inn, in Narooma, furthering its footprint on the New South Wales South Coast.  The Whale Inn is a boutique hotel and restaurant boasting breathtaking views of beaches and Wagonga

AVC CHARGES INTO SEQ CAPEX

Posted on June 9th, 2021 by Clyde Mooney
Australian Venue Co continues its lavish Investment into south-east Queensland, with more acquisitions and two more of two dozen planned renovations underway. The corporate allegiance between Australian Venue Co (AVC) and ASX-listed HPI is representative of the State’s consolidated place

WAUGH BETS ON KINGS CROSS 2.0

Posted on June 4th, 2021 by Clyde Mooney
Ashton Waugh has placed a strategic bet on Sydney’s transforming Kings Cross with purchase of the re-stapled freehold going concern of the New Hampton Hotel. Leaseholder Kieran Coleman listed the business interest in the Hotel last October. Located on Bayswater

SOLOTEL SELLS LITTLE BIG HOUSE TO LOCAL PROJECT

Posted on May 31st, 2021 by Clyde Mooney
Solotel has sold the leasehold operation of its Little Big House in Brisbane to a new local hospitality group. New owners the Little Big House Project is fronted by managing director Brett Fitzpatrick, who previously owned Fitz+Potts in Nundah. He

KNOX DIPS INTO NORTHERN RIVERS

Posted on May 28th, 2021 by Clyde Mooney
Sustaining the flow of northern rivers pub sales, the Dougherty family have divested their Grafton Hotel to Riverina hotelier Jim Knox. The Doughertys have been staples of the region and community for decades, well-known for owning and operating both Westlawn

MERIVALE MOVES ON BYRON’S CHEEKY MONKEYS

Posted on May 26th, 2021 by Clyde Mooney
Merivale has announced expansion in northern NSW with acquisition of the former Cheeky Monkey’s bar, and the adjoining massage spa.  The 827 sqm site at 115 Johnson St, Byron Bay, has traded in recent years as Cheeky Monkey’s under Red Rock

HPI TAKE SIX MORE WITH AVC

Posted on May 26th, 2021 by Clyde Mooney
The acquisitive Hotel Property Investments has secured six more freeholds leased to Australian Venue Co in continued positivity for the market. The ASX-listed Hotel Property Investments (ASX:HPI) revealed it paid $32.7 million for the six hotel properties, all located in

A MILESTONE FOR HARVEST IN DUBBO

Posted on May 21st, 2021 by Clyde Mooney
Chris Cornforth and Fraser Haughton’s unlisted pub fund Harvest Hotels continues to expand its regional footprint, through acquisition of the Milestone Hotel in Dubbo from the Blair family. Built 1881 on a corner site in the heart of the Dubbo