Property

IRIS GROUP PICK UP THE COLOMBIAN

Posted on September 16th, 2016 by Clyde Mooney
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford

SHORT SEES DOUBLE IN REDFERN PUB

Posted on September 12th, 2016 by Clyde Mooney
Marty Short has grown his Redfern presence with the purchase of the former Courthouse Hotel for around $6 million. Situated on the corner of George and Redfern Streets, the old Courthouse Hotel is opposite the landmark former Redfern Post Office,

COUGHLAN BUYS IN CAMPERDOWN AND EYES MORE

Posted on September 5th, 2016 by Clyde Mooney
High-profile publican Paddy Coughlan has picked up his second inner-west pub, bringing a Lady to Camperdown to append Lord Gladstone. Located on Parramatta Road, just west of Missendon Road, the Hampshire – soon to be ‘Lady Hampshire’ – is in

LOCAL WINS BATTLE FOR GRAVILLIS’ KEMPSEY PUB

Posted on August 31st, 2016 by Clyde Mooney
Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning

BUYERS ‘TUSSLE’ AS HOTELS SELL LIKE HOTCAKES

Posted on August 26th, 2016 by Clyde Mooney
The perfect storm is driving coastal and regional popularity and sharpening yields, and pubs in growth areas have never been more in vogue. Hotel Cessnock is the latest in a trail of assets scooped up by strong operators and prudent

JONES’ CORNER MARKET IN MENTONE PUBS

Posted on August 24th, 2016 by Clyde Mooney
The Bay-side suburb of Mentone will be welcoming new owners to its only pub – the Corner Store – as the Joneses look to keep up with the potential. Mentone is around 20 kilometres south of the Melbourne CBD, and

SHORT & O’HARA SNATCH TOORMINA FOR $10m

Posted on August 19th, 2016 by Clyde Mooney
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell.

HEMMES RESCUES ALEXANDRIA HOTEL IN ‘SPUR OF THE MOMENT’

Posted on August 12th, 2016 by Clyde Mooney
After more than a year of outrage, inner-west residents are celebrating the news Merivale has bought and will reopen the landmark Alexandria Hotel. Development company Centennial Property Group purchased the hotel a couple of years ago, and in the first

ROMANO’S HOTEL FINDS NEW SUITOR

Posted on August 8th, 2016 by Clyde Mooney
Riverina landmark Romano’s at Wagga Wagga has transacted following rekindled negotiations with previous suitors. Long-time operator John Hussey determined to test the market for a sale mid-2015 and again in 2016 through Chris Tinning & Co. While a purchase price

O’HARA & MALLOY TEAM UP FOR “THUMPING” MAITLAND PUB

Posted on August 5th, 2016 by Clyde Mooney
A new partnership between the O’Haras and Mark Malloy has brought about the big-ticket acquisition of the Bradford Hotel in the booming district of Maitland. The two families enjoy a long connection centred around rugby and St Joseph’s College (Joeys),