Property

MERIVALE GRABS COLLAROY ‘PAVILION’: HEMMES

Posted on August 14th, 2017 by Clyde Mooney
Justin Hemmes says Merivale has strengthened its northern beaches “destination” portfolio with the $21m purchase of Mitchell Waugh and PHMG’s The Collaroy. Speaking with PubTIC, Hemmes explained how The Collaroy feels like an opportunity he has had before. “I think

REDCAPE VESTIGES IN $24m ALL SEASONS SALE

Posted on August 11th, 2017 by Clyde Mooney
Redcape has completed the sale of its very large-format All Seasons Quality Hotel in Bendigo for around $24 million, completing a process begun before Moelis bought the balance of the portfolio in June. Occupying 3.56 hectares on McIvor Highway in

TAVERN COMPLEX FETCHES GOLD COAST PRICE

Posted on August 9th, 2017 by Clyde Mooney
As the Gold Coast gears up in anticipation of hosting the Commonwealth Games next April, the Merrimac Tavern freehold and complex has sold on a strong yield to a local investor. The lot at Merrilaine Cres, Merrimac, comprises the popular

PELATHON PARTS WITH OVERHAULED ORANA

Posted on August 2nd, 2017 by Clyde Mooney
After a top-to-bottom turnaround and just a year’s ownership, Pelathon has flipped its re-branded Orana Hotel in Lake Macquarie, ushering in new local veterans. Jaz Mooney’s Pelathon Pub Group (PPG) swooped on the receivership purchase of the flagging New Orana

BRAITHWAITE BOOLAROO PUB SALE A COMMERCIAL SUCCESS

Posted on July 31st, 2017 by Clyde Mooney
Following plenty of interest and multiple written offers, Peter and Emma Braithwaite are off to tour the sub-continent as they pass the mantle of their beloved Commercial Hotel to industry newcomers. The Braithwaites listed their big corner pub in Boolaroo

BRAS & KNICKERS OUTBACK ICON DALY WATERS SOLD

Posted on July 26th, 2017 by Clyde Mooney
Icon of the outback the Daly Waters Hotel, has been sold for an undisclosed amount that included the untold number of women’s bras and undies adorning the walls. The Daly Waters pub – as profiled in PubTIC magazine – is

THESPIANS SCORE CARLTON’S TRENDY ASTOR HOTEL, AKA PERCY’S

Posted on July 19th, 2017 by Clyde Mooney
A couple boasting background in the performance arts, education and several Victorian pubs have quietly secured trendy Carlton local the Astor Hotel. Ilona Phyland and Darran Smith have been operating the Astor, the business reflecting Smith’s influence as a professional

LAKEVIEW HOTEL LOOKS GOOD TO SYDNEY PUBLICAN

Posted on July 14th, 2017 by Clyde Mooney
Sydney hotelier Garry Macdougall has expanded on his capital operations, grabbing a coastal change with acquisition of the Lakeview Hotel in Merimbula. Boasting a waterfront site and unique opportunity as the only hotel in town, the Lakeview sits on 4,646m²

CHINESE DEVELOPER BUYS PARRAS’ PEACHTREE

Posted on July 3rd, 2017 by Clyde Mooney
ASX-listed Chinese developer BHL has entered the Australian pub scene with the purchase of Colin Parras’ Peachtree Hotel Penrith. Boyuan Holdings Limited (ASX: BHL) is a Chinese property development company with growing interests in both residential and commercial development in