Property

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

ROGERS TAKE ON HETHERINGTONS’ GUNYAH

Posted on September 11th, 2017 by Clyde Mooney
Campbell Rogers has grown his footprint of Central Coast pubs, purchasing the Gunyah Hotel from rugby league families the Hetheringtons and the Mullins’. League legend brothers Brett and Jason Hetherington and family have owned the Gunyah in Lake Macquarie with

ABBOTSFORD’S PARK HOTEL HOT SALE BY AUCTION

Posted on September 11th, 2017 by Clyde Mooney
Melbourne’s tightly-held freehold market has held to precedent, with the Park Hotel in Abbotsford selling at auction for more than 140 per cent of reserve, at a razor-sharp yield. Built in 1864, the Park sits on a big corner block

FEROS’ JDA WORKS SALE OF ALLAWAH HOTEL

Posted on September 8th, 2017 by Clyde Mooney
John Feros’ JDA Hotels and associates have executed a sale and management deal on top gaming pub the Allawah Hotel for around $30 million. Located on 1,274sqm on a corner of Railway Parade, beside the refurbished Allawah train station, the

IRIS OFFLOADS CROWN PARRAMATTA IN $50m DEAL

Posted on September 6th, 2017 by Clyde Mooney
Iris Capital has nailed another development play, selling its DA-approved Crown Hotel in Parramatta to Coronation Property, in a transaction worth $50 million. Iris bought Crown Parramatta mid-2014, with principal Sam Arnaout negotiating the deal himself with vendor Rod Salmon