Property

LAUNDY JUMPS TO OXFORD DRUMMOYNE

Posted on July 1st, 2019 by Clyde Mooney
Arthur Laundy has won the race to Drummoyne’s big Oxford Hotel for circa $42 million, securing a deal in just two weeks from owner-operators Michael Wiggins and Joanne Cassar. Wiggins and Cassar bought the Oxford from Iris Group in 2015

SUMMER HOUSE LINKING EAST COAST CHAIN

Posted on June 26th, 2019 by Clyde Mooney
The Somerville brothers are taking big east coast steps with their Summer House venues, expanding out of Melbourne and now announcing two new acquisitions, in Cairns and Brisbane. A short walk from the Brisbane CBD is the Flamin’ Galah –

IRIS LANDS ALH’S CAMBRIDGE TAVERN FOR $56m

Posted on June 19th, 2019 by Clyde Mooney
Sam Arnaout’s Iris Group has snapped up another massive Sydney pub, securing the freehold operation of ALH’s high-performing Cambridge Hotel in Fairfield for $56 million. Still celebrating last month’s milestone acquisition of Manly’s The Steyne, Iris continues its rapid portfolio

OSCARS BUILDS ON INNER WEST EMPIRE

Posted on June 17th, 2019 by Clyde Mooney
Oscars Hotels has snapped up another inner west landmark, taking title to the freehold going concern of Parramatta Road icon the Empire Hotel, in Annandale. Built circa 1890 for Tooth’s & Co, the three-storey Empire, particularly its façade, was refashioned

GOOD TIMES AS INGHAM-MYERS DIVEST NEW ENGLAND

Posted on June 17th, 2019 by Clyde Mooney
Brett Nielson and Steve Forbes have taken their newly-formed Good Times Industries west to Armidale, picking up ‘The Newie’ as the Ingham-Myers' exit the region. Nielson is long-time owner of the Glengarry Castle Hotel in Redfern, where he used to

PENTAGON TAKES $30m EBC PORTFOLIO

Posted on June 12th, 2019 by Clyde Mooney
The expanding Pentagon Group has fronted up over $30 million for EBC Leisure’s portfolio of three pubs in the blossoming apple isle. Unlisted pub vehicle EBC began moves last year to divest its pub interests, after more than a decade

SOLMAN TICKS BUCKET AS NEWCOMER ENTERS CLUB HOUSE

Posted on May 29th, 2019 by Clyde Mooney
Brad Solman has executed his plan for early retirement, divesting the freehold going concern of Singleton’s grand old Club House Hotel. The two-level brick pub on main road John Street offers a welcoming public bar, bistro, beer garden, on-site parking

TOOMEY RETURNS TO THE GAME AT QUEENSPORT

Posted on May 27th, 2019 by Clyde Mooney
Brisbane’s “country pub in the city” – the Queensport Tavern – has been sold by its colourful long-term owners to Michael Toomey, in a return to industry. Former horse racing identity Peter Chase and race car driver Warwick Brown have

AVC + COLES EXPANSION BEGINS WITH RIVERLAND

Posted on May 13th, 2019 by Clyde Mooney
The brand new joint venture between Australian Venue Company and Coles has kicked off further expansion plans with purchase of Open Arms Hospitality’s Brisbane hot-spot Riverland. This marks the first acquisition for the newly-formed Queensland Venue Company (QVC), which sees

IRIS TAKES HOTEL STEYNE IN RECORD DEAL

Posted on May 6th, 2019 by Clyde Mooney
High-flyers Arthur Laundy and John Singleton have sold their Manly institution The Steyne to booming Iris Capital in a record deal for a Sydney freehold going concern. Built 1859, the Hotel Steyne has stood sentry over the Manly Beach for