Property

BEER DELUXE JOINS DIXON GROUP STABLE FOR $31m

Posted on May 16th, 2016 by Clyde Mooney
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service

ILLAWARRA GOLD BOUGHT BY PEAK INVESTMENTS

Posted on April 27th, 2016 by Clyde Mooney
The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up

NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

Posted on April 27th, 2016 by Clyde Mooney
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. © 2015 Mark Merton Photography The heritage-listed Federation style building sits quietly on the corner of Harris and

GOLD COAST LANDMARK PUB SELLS AMID ‘TRADING UPLIFT’

Posted on April 20th, 2016 by Clyde Mooney
Gold Coast gold mine Melba’s on the Park has sold for a sunny $12.5 million to former Sydney publican Bob El’s Leda Holdings. Vendor George Fleming had owned the Gold Coast institution for several years, and executed a massive reinvigoration

MELBOURNE PUB FREEHOLDS SETTING NEW RECORDS

Posted on April 13th, 2016 by Clyde Mooney
As the hotel sector continues to shine amongst investment options, Melbourne CBD commercial real estate is seeing unprecedented yields on strategic properties. Luxury car dealer Bobby Zagame has divested another A-grade freehold at a bustling auction last Thursday. The Marine

$15m FOR BROOKVALE HOTEL SELL-OFF

Posted on March 30th, 2016 by Clyde Mooney
The Kelly family’s plan to subdivide and sell off the rear of the Brookvale Hotel has resulted in a developer paying $15 million for the northern Sydney block. The Kelly’s own a number of hotels in Sydney, and several years

HUNT HOTELS SNAGS OPPORTUNITY IN HUNTER

Posted on March 23rd, 2016 by Clyde Mooney
Much lauded and super-fit hotelier Stephen Hunt has unveiled to PubTIC plans for his latest acquisition in one of NSW’s growth corridors. Located on a busy intersection of the New England Highway, on tourist route A43 out of Newcastle, the

MAY BUYS BURLEIGH HEADS BEACHFRONT PAVILION

Posted on March 9th, 2016 by Clyde Mooney
Colourful hotelier Ben May has partnered with his Manly Wharf landlord Robert Magid to buy iconic beachside property The Burleigh Pavilion. One of Australia’s only absolute beachfront premises, the Burleigh Heads building currently houses the Rick Shores bar-restaurant, Oskar’s Restaurant,

ZAGAME’S ALH PORTFOLIO BOUGHT FOR $75m

Posted on March 2nd, 2016 by Clyde Mooney
The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) –

PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE

Posted on February 26th, 2016 by Clyde Mooney
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It