Property

BRIGHTON’S MARINE HOTEL SHARPENS YIELDS FURTHER

Posted on June 16th, 2017 by Clyde Mooney
Investment money keeps pouring into the pub sector, with the Marine Hotel Brighton setting another low yield benchmark in Victoria. The freehold interest of the Marine Hotel was sold early 2016 by automotive entrepreneur Bobby Zagame for $13 million, showing

FUTURE BRIGHT FOR PICTON’S SOGGY GEORGE IV

Posted on May 31st, 2017 by Clyde Mooney
Almost a year to the day since Mother Nature rose up and engulfed the historic George IV Inn, it has sold at auction to an industry newcomer swept by a passion to revive it for the locality. Built in 1835

NEW LOCAL OWNERS FOR LOCAL TAPHOUSE DARLO – POST-GABS

Posted on May 29th, 2017 by Clyde Mooney
As beer barons Guy Greenstone and Steve Jeffares sign off on another GABS, they also announce the passing of the baton at their beloved Local Taphouse Darlinghurst to the brothers Thorpe. Victorians Greenstone and Jeffares opened their northern instalment of

BALMAIN EXITS ERSKINEVILLE WITH SWANSON SALE

Posted on May 24th, 2017 by Clyde Mooney
Hot on the heels of the recent sale of Balmain’s Town Hall, and listing of North Sydney’s historic Greenwood, Balmain Pub Group announce the sale of its inner-west Swanson Hotel. Located on Swanson St, Erskineville, the former Kurrajong Hotel saw

RIVERSDALE’S KINSELAS – SALE WITH UNIVERSAL APPEAL

Posted on May 22nd, 2017 by Clyde Mooney
The Kospetas family’s Universal Hotels has secured Riversdale’s iconic Kinselas Hotel, stepping up its strategy around embedding modern hospitality in historic settings. Rumours the three-level landmark at Oxford Street’s Taylor Square was on the market began late last year, even

DUCK INN TO MAKE SPLASH WITH NEW OWNER

Posted on May 19th, 2017 by Clyde Mooney
  As Sydney freeholds continue to sell like hotcakes, a private investor has landed the deeds to Chippendale’s Duck Inn. Tucked into Chippendale’s Rose St, a stone’s throw from Sydney University, the Duck Inn Pub & Kitchen is a popular

BILL & SAM BUY EXCELLENT ALFRED

Posted on May 19th, 2017 by Clyde Mooney
Sydney stalwart publican Bill Smith has teamed up with Sam Smith to buy ‘locals pub’ the Alfred Hotel, in city-fringe Camperdown. Established in 1939, the Alfred was originally the Grose Farm Hotel, built in Art Deco style with curved walls

BALMAIN TOWN HALL HOTEL SOLD BUT SAVED

Posted on May 12th, 2017 by Clyde Mooney
Balmain Pub Group has confirmed its sale of Balmain’s Town Hall Hotel, and the new owner confirmed he will be mixing things up. After some speculation, particularly that of the Mayor of (the former) Leichhardt Council, Darcy Byrne, heralding the

SAND HILL ROAD SECURE MELBOURNE ICON THE ESPY

Posted on May 10th, 2017 by Clyde Mooney
After weeks of speculation, Sand Hill Rd have finally confirmed their purchase of the iconic Esplanade Hotel – The Espy – taking on the challenge of reviving one of Melbourne’s cultural institutions. The five-level building graces The Esplanade, St Kilda,

HOT MARKET SEES COOLIBAH HOTEL FETCH $40m

Posted on May 5th, 2017 by Clyde Mooney
Continuing the wave of hot transactions, the biggest for two years has gone down, with the top-ranked Coolibah Hotel in Merrylands selling for around $40 million. The very private family-run Vlandis group, led by Peter Vlandis and his son-in-law Michael