Property

REDCAPE’S $51m ‘SWAP’ WITH SLEIMAN

Posted on December 16th, 2019 by Clyde Mooney
Redcape ends a record-setting year in pub real estate with a bang, acquiring Hurstville’s Kings Head Tavern while divesting its Royal Hotel Granville for $51 million to the same party.  The ASX-listed Redcape Hotel Group (ASX: RDC) today announced a

MURPHY BROTHERS TAKE IMPERIAL SINGLETON

Posted on December 11th, 2019 by Clyde Mooney
Two years after selling in Maitland, the Murphy brothers are back in the Hunter, buying the freehold going concern of the Imperial Hotel at Singleton from Walker Douglas and Callen Hotels. Walker Douglas Group (WDG) has held title on a

LONG-TIME OWNERS FAREWELL COMMERCIAL CURLEWIS

Posted on December 9th, 2019 by Clyde Mooney
After more than three decades the Edmonds and Schofields have called time on the partnership running the Commercial Hotel in Curlewis, finding a new owner from Newcastle. In 1987 Gwenda and Kevin Edmonds, and Robert and Margaret Schofield, went into

HUNTER GROUP SCORES KINNY PUB

Posted on December 6th, 2019 by Clyde Mooney
Central Coast favourite the Kincumber Hotel has sold for circa $15 million, but remains in local hands by way of Hunter Hotel Group. Known locally as ‘Kinny Pub’, the Kincumber Hotel has been an institution in the coastal precinct since

QUINN & CO GRAB HUNT’S LAKESIDE

Posted on December 2nd, 2019 by Clyde Mooney
The dynamic Hunt Hospitality has agreed to sale of its large-format Lakeside Village Tavern at Raymond Terrace, to the growing stable under Nicholas Quinn. Stephen Hunt’s pub group has been refreshing the books since the new financial year, to optimise

LAZARUS GOES TO THE BEACH

Posted on November 29th, 2019 by Clyde Mooney
Merewether’s magnificent Beach Hotel has sold for the first time in its 120-year history as a freehold going concern to industry veteran Andrew Lazarus. The Beach Hotel is found on a large hilltop block with panoramic views of Merewether Beach,

LOCALS BAND TOGETHER FOR SINGO’S UNITY HALL

Posted on November 28th, 2019 by Clyde Mooney
Singo’s Australian Pub Fund and Riversdale Group have sold off their last Sydney operation to a band of Balmain brothers, welcoming the Roddys back to prime Peninsula hospitality. Formed in 2010 by business identities John Singleton, Mark Carnegie and Geoff

WAUGH GOES LONG IN RICHMOND

Posted on November 25th, 2019 by Clyde Mooney
RG McGees in growing Richmond has sold to prominent Sydney hotelier Ashton Waugh’s pub group Watering Hole Hotels, furthering the region’s surge of pub investment. The well-known Hotel came to market in August, as a cooperative arrangement between tenant Jason

NELSON MEERS SNAPS UP MONARCH’S BELMORE

Posted on November 22nd, 2019 by Clyde Mooney
Industry doyen Nelson Meers has furthered the run of prized gaming pub sales, taking Monarch’s top-performing Belmore Hotel for around $50 million. Monarch Hotels, fronted by hotel veteran Joel Fisher, acquired the pub in 2015 from the Waugh family. It

MON KOMO FINDS HOME IN LEWIS LAND

Posted on November 22nd, 2019 by Clyde Mooney
Lewis Land Group has added to its select portfolio of large-format pubs with acquisition of renowned south-east Queensland entertainment venue, the Mon Komo Hotel. The Hotel was developed by Kyko Group in 2011 as part of its multi-award-winning mixed-use Mon