Property

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),

LANTERN SELLS LAWSON PARK HOTEL

Posted on August 5th, 2016 by Clyde Mooney
The down-sizing ASX-listed Lantern Hotel Group has offloaded yet another pub, settling this week on the sale of Mudgee’s Lawson Park Hotel. Lantern (LTN) announced its intention to sell non-core assets and rebuild the company structure in November, 2015. Since

HUNT HOSPITALITY NAILS NEW ASSET IN HUNTER

Posted on August 3rd, 2016 by Clyde Mooney
Steve Hunt has furthered his pub fund portfolio with the acquisition of the thriving Duke of Wellington in outer Newcastle for around $8.5 million. The Hunt family’s Hunt Hospitality operates a number of successful Newcastle region pubs, such as the

PELATHON PICKS UP LANTERN’S COURTHOUSE

Posted on July 27th, 2016 by Clyde Mooney
Pelathon has continued its big plans for expansion, paying $6.25 million for Lantern’s Courthouse Hotel as it completes its exit from the Sunshine State. The Cairns’ Courthouse Hotel is an “institution” in north Queensland. It was the official Court building

COLONIAL MOVES INTO ANOTHER STATE WITH PURCHASE OF THE FOX

Posted on July 15th, 2016 by Clyde Mooney
Colonial Leisure Group (CLG) has jumped into another State, bringing Brisbane’s big-trading Fox Hotel into its premium portfolio. Continuing the expansion plans that saw it quietly acquire Keystone’s Newtown Hotel in February, CLG has bought its first Queensland pub –