Property

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

BIG NORTH NOWRA PUB SELLS FOR $12m

Posted on September 4th, 2017 by Clyde Mooney
Sydney publican Mark Duggan has teamed with Gary O’Donnell to secure the large-format North Nowra Tavern for close to $12 million. Duggan operates Burwood’s Avondale Hotel, and O’Donnell brings local knowledge, having formerly run Nowra’s Archer Hotel, before selling it

LAUNDY SELLS BIG BATEAU BAY

Posted on August 30th, 2017 by Clyde Mooney
Laundy group has capitalised on the market for coastal freehold properties, divesting the big-format Bateau Bay Hotel for circa $13m to a growing local operator. The Laundy Hotel Group purchased the Bateau Bay Hotel (BBH) in early 2015 for around

HOGES SYNDICATE GRABS QUEENS ARMS FOR $21m

Posted on August 28th, 2017 by Clyde Mooney
A syndicate of six investors including Paul Hogan has signed on to buy New Farm’s big Queens Arms Hotel for a reported $21 million. The syndicate is QAP Holdings, headed by Sydney publican Peter Ashelford and businessman Nick Politis –

HEINEKEN BUYS 1,900 PUBS

Posted on August 23rd, 2017 by Clyde Mooney
Brewing giant Heineken has been given the nod to secure nearly 1,900 British pubs from Punch Taverns. More than two years in the making, the monster deal will see more than 3,200 pubs in the Punch portfolio split between Heineken