Property

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

FEROS TO ROLL AUCTION DICE WITH PRIMED TENNYSON

Posted on November 4th, 2016 by Clyde Mooney
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially

DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE

Posted on November 2nd, 2016 by Clyde Mooney
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The

CAMPION WINS RACE TO LANTERN’S COMMODORE

Posted on October 19th, 2016 by Clyde Mooney
Lane Cove stalwart Graham Campion has emerged as the big-ticket buyer of Lantern’s Commodore Hotel, picking up his coveted second pub for a cool $14.5m. Listed pub group Lantern (ASX: LTN) put the McMahon’s Point beauty up for grabs last

GOING, GOING? GONE: CAIRNS PUBS COGNIZANCE

Posted on October 17th, 2016 by Clyde Mooney
Amid massive local development, Cairns’ Grand Hotel has hit the market, the Courthouse is being courted by Council, and a new team sign for the Cape York. Occupying 2,035 m² on a prominent corner in the heart of town, the

USHERS MOVE INTO ST KILDA PUB CELEBRITY

Posted on October 12th, 2016 by Clyde Mooney
The famous Hotel Barkly has sold to husband and wife operators Dragon’s Door P/L and will continue its key role in St Kilda’s renaissance. [caption id="attachment_7537" align="alignright" width="312"] Mick Malloy and friends at the Hotel Barkly[/caption] The 1853-built Hotel Barkly