Property

BLUE BROTHERS PART WITH KIAMA INN

Posted on August 1st, 2018 by Clyde Mooney
The Blue brothers have parted with their long-held Kiama Inn Hotel in the jewel of the Illawarra. The large-format Kiama Inn opened in 1888 as Tory’s Hotel, named after local colonial publican George Tory. Still sporting the embossed name on

REDCAPE BUY INTO BREWING WITH COLOSIMO’S ROUSE HILL FLAGSHIP

Posted on July 11th, 2018 by Clyde Mooney
Redcape has announced its acquisition of the Colosimos’ Australian Hotel and Brewery for around $50 million, heralding the group’s plans to invest in the “craft and localised beer market”. Marcello Colosimo and family opened the large-format Australian Hotel and Brewery

BAM OFFLOADS BIG GAMER VAUXHALL INN TO REDCAPE

Posted on July 9th, 2018 by Clyde Mooney
Redcape has let loose the chequebook again, acquiring Bondi Asset Management’s Vauxhall Inn for around $40 million. Bondi Asset Management (BAM) was formed in 2015, counting Sydney hotelier Andrew Lazarus and former Citibank director Stuart King as stakeholders. BAM kicked

FOUR IN HAND TO STAY PUB WITH SALE TO GOOD BEER CO

Posted on July 4th, 2018 by Clyde Mooney
PHMG has sold its highly speculated Four in Hand to the Good Beer Company, marking its continued future as a pub. Mitchell Waugh’s Public House Group purchased the Paddington icon in 2015, clinching a hattrick of pubs in the precinct

HAYWARD EXITS AS PRENDIVILLES TAKE BRISBANE

Posted on July 4th, 2018 by Clyde Mooney
Well-known publican Geoff Hayward is bowing out of the game, having sold his final piece, the Brisbane Hotel, to the growing Prendiville family. Hayward’s Capital Management WA has owned and operated the Boulevard Hotel in Floreat, and the Brisbane Hotel,

UNIVERSAL TAKES OXFORD ST ICON MIDNIGHT SHIFT

Posted on June 27th, 2018 by Clyde Mooney
Universal Hotels has clinched another Oxford Street icon – it’s biggest to date – settling on the once-thriving now dormant Midnight Shift. The acquisitive pub group now holds title on four Oxford Street pubs, in a clear play to invest

TOURIST HOTEL SOLD TO LOCAL

Posted on June 25th, 2018 by Clyde Mooney
A Sydney-based syndicate has sold Narrabri’s big Tourist Hotel to an enterprising local set to breathe some new life into the simmering local. Narrabri is a town of 6,000 people around 500 kilometres north-west of Sydney, best-known for its cotton

LAUNDY-MALLOY ACQUIRE COLES’ LAST NSW PUB

Posted on June 18th, 2018 by Clyde Mooney
Coles has completed its exit from NSW pub operations, selling the Northlakes Tavern to the pub partnership of Arthur Laundy and Mark Malloy. Moving to minimise or remove itself entirely from its PR burden of association with gaming, Coles listed

READY-TO-GO TERRANORA TAVERN ON OFFER

Posted on June 15th, 2018 by Clyde Mooney
Brisbane developer Terry Harmer has listed the business opportunity of the refurbished Terranora Tavern, in the newly appointed Terranora shopping centre. Harmer boasts a background in shopping centre development, and around two years ago bought from United Petroleum the entire

RIVERSDALE BUYS LPH NEWCASTLE

Posted on June 13th, 2018 by Clyde Mooney
Riversdale has ended speculation of a complete sell-down with the purchase of the Lambton Park Hotel in suburban Newcastle. The pub was bought around three years’ ago by a partnership of three newcomers to the industry, who went on to