Property

HAPPY ENDING FOR PELATHON IN CASE OF COURTHOUSE

Posted on December 14th, 2016 by Clyde Mooney
A “positive outcome for all” has been achieved with Cairns Council announcing the purchase of Pelathon’s Courthouse Hotel – just bought from Lantern Hotel Group. Lantern listed the Hotel for sale back in June, executing an Expressions of Interest campaign

TSEKOS SNAGS ALH’S IRON HORSE FOR $15m

Posted on December 12th, 2016 by Clyde Mooney
Leo Tsekos has won the title to ALH’s Iron Horse Hotel with a cheeky last bid at the auction for the blue-chip investment property in the heart of Newcastle. A strong crowd gathered for Burgess Rawson’s final commercial auction of

SOLOTEL SECURES KEYSTONE’S CHOPHOUSE

Posted on December 9th, 2016 by Clyde Mooney
The unlocking of Keystone value continues with Solotel securing the fallen Group’s deed to Sydney’s Chophouse restaurant. Award-winning hospitality group Solotel teamed up with celebrity chef Matt Moran earlier this year, bringing the five MorSol venues into its fold. The

BIGGEST BONUS YET FOR LANTERN’S WATERWORKS

Posted on December 7th, 2016 by Clyde Mooney
It’s a Merry Christmas come early for Lantern shareholders, as the latest sale snags the biggest premium to date. The ASX-listed Lantern Hotel Group (LTN) has all but sold off its collection of Australian hotel interests, following a decision to

IRIS GROUP BACKS IT UP WITH GASLIGHT BUY

Posted on December 5th, 2016 by Clyde Mooney
Consolidating a footprint in Darlinghurst, Sam Arnaout’s Iris Group has secured the freehold going concern of the quirky Gaslight Hotel – immediately behind the recently acquired Colombian. The four-level Gaslight fronts Crown Street on the corner of Little Oxford St,

AUCTIONS SOAR: TENNYSON TO MERIVALE AND FIGTREE TO DENFISH

Posted on December 2nd, 2016 by Clyde Mooney
Plenty of big names were amongst the crowd that overflowed the auction room of Ray White yesterday for sale of the top-billing Tennyson Hotel and regional stronghold the Figtree Hotel. The auction began with Wollongong’s Figtree, possessing a huge 9,300

BIG PRICE FOR BIG ACREAGE ACACIA RIDGE

Posted on November 30th, 2016 by Clyde Mooney
Another Sydney buyer has bought the very large-format Acacia Ridge Hotel for a top-tier sum from Sydney-based Peter Calligeros and partner Steve Farley. Billed as one of Queensland’s biggest hotels, the Acacia occupies 18,450 m² with development potential, on busy

FIVE DOCK HOTEL HARVEST REAPED

Posted on November 21st, 2016 by Clyde Mooney
Lantern has sold its best yet to former Wallaby Bill Young, in a swift campaign fetching another big premium at nearly $29 million. Coming to market less than two weeks ago, the ASX-listed Lantern (LTN) has announced the sale of

PARRAS SECURES LANTERN’S AMBARVALE GEM FOR $21m

Posted on November 18th, 2016 by Clyde Mooney
As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a

DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB

Posted on November 7th, 2016 by Clyde Mooney
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent