Property

AVC CONTINUES GROWTH VIA O’BRIENS AND PRINCE ALFRED HOTEL

Posted on March 5th, 2018 by Clyde Mooney
[caption id="attachment_12584" align="alignright" width="178"] Prince Alfred Hotel[/caption] The acquisitive Australian Venue Company is extending its working relationship with the O’Brien family, taking on the lease at the Prince Alfred Hotel in Richmond’s bustling Church Street. Australian Venue Company (AVC) –

SALE & LEASEBACK FOR COOKE-BEAUMONT AT BLAZING STUMP

Posted on February 23rd, 2018 by Clyde Mooney
Peter Cooke and Stephen Beaumont have successfully divested title of their big-format Blazing Stump in another example of the demand for strong commercial assets in Victoria. Occupying 1,780sqm on a 5,708sqm site in the heart of Wodonga, on the Victoria-NSW

REDCAPE’S $25m RETURN FLIGHT TO WATTLE GROVE

Posted on February 21st, 2018 by Clyde Mooney
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western

LAWLER BUYS FIRST PUB, HARVEY-PILON HEAD TO AMAROO

Posted on February 16th, 2018 by Clyde Mooney
Public House Management Group CEO Ben Lawler has taken the plunge with his first title in Dubbo’s Commercial Hotel, as vendors Brett Harvey and Greg Pilon pick up a local freehold. Around five hours’ drive north-west of Sydney, Dubbo is

MONTAGUE SOLD AS RETREAT BECKONS

Posted on February 16th, 2018 by Clyde Mooney
With one on the market, the Fermanis family has taken an unsolicited offer on title to its Montague Hotel on a tight Victorian return. Recently listing its Abbottsford pub, the Fermanis’ were approached off-market to sell their quaint corner pub

MYSTERIOUS MONARCH SELLS BIG BANKSIA TO RYANS

Posted on February 5th, 2018 by Clyde Mooney
Emerging pub group Monarch has divested its big footprint high-gaming Banksia Hotel in Rockdale to industry stalwarts Patrick Ryan and family. The Banksia was purchased by Monarch Hotels – a joint venture between hotel business veteran Joel Fisher and New

DIXON GROUP REBRANDS AND BUYS UP

Posted on January 15th, 2018 by Clyde Mooney
Dixon Hospitality Group has hit 2018 running, with a new group name and deals for two new northern venues into the stable. The Victorian-based hotel group fronted by former Spotless director Bruce Dixon has rebranded to Australian Venue Co (AVC),

$4.4m FOR EMPTY BRUNSWICK PUB

Posted on December 18th, 2017 by Clyde Mooney
An unnamed buyer has secured the blank canvas freehold of Melbourne’s promising East Brunswick Hotel at auction for $4.4 million. The former CUB pub on the corner of Lygon and Albert Streets has seen several incarnations over the years, and

OXFORD HOTEL MEANS TAYLOR SQUARE HATTRICK FOR UNIVERSAL

Posted on December 11th, 2017 by Clyde Mooney
Universal Hotels has landed a trifecta in Taylor Square with acquisition of Pelathon’s Darlinghurst icon, the Oxford Hotel. The pub on the corner of the eponymous Oxford Street and Bourke Street went through several name changes and minor geographical repositioning

ALH AUCTION ON BRIGHTON HOTEL FETCHES $3.7m

Posted on December 8th, 2017 by Clyde Mooney
ALH has divested the freehold going concern of its Brighton Hotel in Mandurah, a strong auction drawing $3.7m for the former Compass pub. Australian Leisure & Hospitality (ALH) bought up the entire 12-venue portfolio of the failed Compass Group for