Property

SCHWARTZ REAPS $92m FOR DIXON’S THE DUKE PLUS ADINA

Posted on November 22nd, 2017 by Clyde Mooney
Morry Schwartz has divested two big properties in Melbourne’s East End, collecting $92 million for the Adina Hotel, and the city’s oldest pub, the Duke of Wellington, operated by Dixon Group. Publisher and property developer Morris ‘Morry’ Schwartz put the

UNIVERSAL ACQUIRE BRIGHTON HOTEL ON OXFORD ST BOUNCE

Posted on November 20th, 2017 by Clyde Mooney
Universal Hotels has boosted its presence in Darlinghurst, acquiring the multi-level Brighton Hotel in the heart of a rebounding Oxford Street. The Brighton has been owned by the same family since 1977, and hit the market in August as its

MELBOURNE’S ICONIC WATER RAT HOTEL SOLD

Posted on November 20th, 2017 by Clyde Mooney
UPDATE: The historic Water Rat Hotel in South Melbourne has sold, holding a short lease and offering a range of options for the buyer. The two-storey pub was built in 1858 as Druids Hotel on a 314sqm block just three

MOELIS GROW REDCAPE WITH 3 BUYS FOR $100m

Posted on November 17th, 2017 by Clyde Mooney
This week Moelis – new owner of Redcape Hotel Group – announced nearly $100 million in acquisitions into the portfolio ahead of a big capital raising and its potential re-listing. Redcape Hotel Group (RHG) already operates top gaming pub the

MERIVALE MOVES INTO BONDI AT THE ROYAL

Posted on November 10th, 2017 by Clyde Mooney
After some speculation, Merivale has confirmed its acquisition of the famed Royal Hotel at Bondi. The Royal is a Bondi Road institution, and part of local folklore. It saw the founding meeting of the historic Bondi Surf Bathers Life Saving

WHATHAMS’ AGI HOTEL SOLD TO CHINESE INVESTORS

Posted on November 8th, 2017 by Clyde Mooney
Singleton’s Agricultural Hotel has sold to a Chinese investor, as long-time owners the Whathams exit the pub game. The ‘Agi’, as it is known locally, has been owned by Allen and Sue Whatham for more than two decades, at times

TATTS HOTEL BACK IN SAFE HANDS

Posted on October 30th, 2017 by Clyde Mooney
The embattled Tattersalls Hotel at Lithgow is set to soar again, after a lengthy legal battle, receivership and auction sees a new start for a familiar face. The freehold title of the pub was bought nearly ten years ago, occupied

RYANS SELL REPUBLIC AND STAY

Posted on October 20th, 2017 by Clyde Mooney
Patrick Ryan and family have joined the coveted ranks of the sale-and-leaseback, divesting the title to Sydney CBD landmark the Republic Hotel, and staying on as operators. Ryan and siblings have owned the property since 1999 and executed a number

NEW LIFE AND BLOOD FOR CALEDONIA HOTEL

Posted on October 20th, 2017 by Clyde Mooney
After an exhaustive marketing campaign, the Caledonia Hotel has been sold to new blood, as the incumbent looks to other hotel and business interests. Local Ian Negline has been owner of the Caledonia, along with other Central Coast hotels and

PORT MELBOURNE’S MARDO’S HOTEL SOLD TO HACKS

Posted on October 16th, 2017 by Clyde Mooney
The magnificent Mardo’s Hotel has been sold to an up-and-coming craft beer operation, with plans for space for hacks and some onsite-brewing. After coming to market earlier this year, the 1860-built Mardo’s in Port Melbourne saw a lengthy sales process