Property

ADELAIDE PRINCE PARKS ROYAL COACH HOTEL

Posted on March 24th, 2017 by Clyde Mooney
The prominent Royal Coach Hotel has been strategically bought by Prince Alfred College, banking a long-term development opportunity. Vendors Hospitality Investments P/L and McCracken Kent Town P/L have divested the three-storey city-fringe Hotel, which features a bar, the Terrace Restaurant,

NEW BLOOD INTO WATERLOO HOTEL

Posted on March 15th, 2017 by Clyde Mooney
Hickey and Negas have sold their Grosvenor Hotel in Waterloo for north of $5 million to some industry newcomers looking to get in on the action of Sydney’s thriving inner-west pub scene. Former CCA executive Denis Hickey and businessman Warwick

COLES’ BIG MANSFIELD TAVERN LISTED – AND SOLD

Posted on March 8th, 2017 by Clyde Mooney
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected

HARITOS’ VERANDAH SOLD IN RECORD TIME

Posted on March 1st, 2017 by Clyde Mooney
In what could be record short time on the market, Dean Haritos has signed over the deeds to his booming Verandah Hotel to an unnamed “well-known Sydney hotelier”. The price was reported to be “comfortably in excess” of the $9

WAUGH RETURNS, BUYING RIVERSDALE’S TOXTETH

Posted on February 24th, 2017 by Clyde Mooney
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John

IRVIN HOTELS BUYS HOMESTEAD TAVERN AS SPANKIE EXITS

Posted on February 24th, 2017 by Clyde Mooney
Another Sydney hotelier has bought big in Brisbane, with Joe Irvin picking up the “trophy asset” Homestead Tavern for $15.6 million. The ongoing shortage of opportunities in Sydney and Melbourne is driving more publicans up the coast, finding value in

NEW PUB GROUP GRABS DOVE & OLIVE

Posted on February 20th, 2017 by Clyde Mooney
One of Sydney’s most popular craft beer haunts has been sold by the purveyors of Good Beer. The Good Beer Company has operated sister venues the Dove & Olive and the Keg & Brew, both in Surry Hills, for the

CROWN TOPS OFF LANTERN SELL-OFF

Posted on February 13th, 2017 by Clyde Mooney
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of

PRIZED NEW OPERATOR FOR HISTORIC PORT OFFICE HOTEL

Posted on February 13th, 2017 by Clyde Mooney
One of Brisbane’s historic and best-loved pubs is in new hands, with Nick and Meagan Gregorski set to reopen the renovated Port Office pub tomorrow. Fourth generation publican Nick Gregorski recently revived The Alliance Hotel in Spring Hill, winning praise

LANTERN JUMPS TO CONCLUSION WITH GENERAL SALE

Posted on February 10th, 2017 by Clyde Mooney
Preceding its final sale campaign announcement, Lantern has revealed divestment of the last asset in its portfolio, Sydenham’s General Gordon Hotel, for a super-premium $18.1 million. The General has bypassed a public sale process and been bought by an unnamed