Property

OPEN ARMS AND EUMUNDI LAND $13m PLOUGH INN

Posted on September 29th, 2017 by Clyde Mooney
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River.

HOTEL PALISADE SOLD AGAIN FOR $30m+

Posted on September 27th, 2017 by Clyde Mooney
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of

DIXON GROUP’S SHENANNIGANS ENTRY TO NT

Posted on September 27th, 2017 by Clyde Mooney
Dixon Group has expanded into another state, picking up the operation of Shenannigans in Darwin. Shenannigans, known locally as “Shags”, is an Irish-themed party pub that opened 21 years ago, and has largely set the tone for the city’s Mitchell

MEERS PUTS $45m ON THE RITZ

Posted on September 25th, 2017 by Clyde Mooney
The Nelson Meers Group has pounced on Hurstville’s iconic Ritz, paying $45 million to add the baker’s dozen to its strong gaming portfolio. The long-standing landmark Hurstville ‘Ritz’ Hotel has been twice owned by former Newtown Jets front rower, Steve

IRIS DIVESTS $34m CLOVELLY HOTEL

Posted on September 22nd, 2017 by Clyde Mooney
Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of

TOP PUB BEACH HOTEL TOPS UP SALE PRICE RECORD

Posted on September 20th, 2017 by Clyde Mooney
Byron Bay’s legendary Beach Hotel has broken its own sales record, fetching $70 million from sophisticated new investors. One of Australia’s richest families is backer to the Impact Investment Group, which has expanded slightly beyond its normal investment type with

GINTY LAYS DOWN GLASGOW ARMS

Posted on September 20th, 2017 by Clyde Mooney
Steve Ginty has sold his Glasgow Arms Hotel in Sydney’s inner west, ushering in another up-and-coming veteran Adam Derwin. Ginty has been a career publican, beginning life in pubs as a barman at the Woolwich Pier Hotel. [caption id="attachment_11062" align="alignright"

PATONGA BEACH HOTEL SOLD TO BE LATEST BOATHOUSE

Posted on September 15th, 2017 by Clyde Mooney
Jewel of the central coast the Patonga Beach Hotel has sold to a growing operator, the waterfront pub to become another addition to the acclaimed Boathouse port. Boasting 1540sqm of water frontage overlooking Patonga Beach, facing south-east across Pittwater to

LOCAL SNAPS UP MURPHYS’ BELMORE HOTEL MAITLAND

Posted on September 13th, 2017 by Clyde Mooney
The Murphy family has parted with Maitland’s thriving Belmore Hotel, with a local businessman picking up the freehold going concern for $9 million. The Murphys have owned the Belmore since 2003, and citing increasing interests in other endeavours made the