Property

INVESTOR SNAPS UP SYDNEY HOTEL FOR $18.5M

Posted on October 7th, 2015 by Clyde Mooney
The $18.5 million sale of the Bounce Backpackers hotel continue the run of offshore investment dollars that have seen Australia rank second in the Asia-Pacific region for hotel transactions. The five-star hotel is located opposite Sydney’s Central Station, with a

COLES PRIME FREEHOLD GOES TO MARKET IN NSW CENTRAL COAST

Posted on October 2nd, 2015 by Clyde Mooney
Continuing the trend of prime-tenanted freehold investment sales, one of Coles’ Spirit Hotels big trading pub and bottle shops is up for grabs. Located on the Pacific Highway between Gosford and Newcastle, the Northlakes Tavern was built by Coles on

RANDWICK’S TOP ‘DOG’ SELLS TO CRAFTY PUBLICAN

Posted on September 23rd, 2015 by Clyde Mooney
Owners of the uber-successful and crafty Dove & Olive and Keg & Brew have snapped up a Randwick landmark to add to the award-winning portfolio. The burgeoning Good Beer Company (GBC) has bought Newhaven Hotels’ Duke of Gloucester, with plans

DIXON BUYS 17 MELBOURNE PUBS IN ‘RECORD’ DEAL

Posted on September 18th, 2015 by Clyde Mooney
[caption id="attachment_3751" align="alignright" width="418"] Open Door Pub Co's College Lawn Hotel[/caption] The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip

TWO MORE MELBOURNE PUBS SELL AS INVESTORS EYE VALUE

Posted on September 14th, 2015 by Clyde Mooney
  Melbourne has seen two more hotel freeholds sell as investments ‘with potential’ as development prospects continue to be weighed against hospitality businesses. The deeds to the Hawthorn Hotel and South Melbourne’s Palmerston Hotel have sold to entities interested in

GALLAGHER POUNCES ON TIGER BAR

Posted on September 9th, 2015 by Clyde Mooney
Patrick Gallagher has snapped up Hurstville’s Tiger Bar in a play to round out his growing Sydney-wide portfolio. The king of the Irish bars has purchased the southern Sydney favourite for a reported $28 million from a syndicate that included

IRIS’ ‘EMPIRE’ BUILDING KINGS CROSS OPPORTUNITY

Posted on August 31st, 2015 by Clyde Mooney
Making the most of Kings Cross’ reluctant transformation to residential, cashed-up Iris Capital Group has acquired three adjacent blocks on Darlinghurst Road. It has been revealed Sam Arnaout’s Iris Group has completed the purchase of the Empire Hotel – adjacent

LEACH & SHORT BUY IMPERIAL HOTEL

Posted on August 28th, 2015 by Clyde Mooney
Just a month after being closed by OLGR, Erskineville’s Imperial Hotel has sold to industry stalwarts Fraser Short and AHA NSW President Scott Leach. The ‘Spicey’ former operators of the famous LGBTI-community venue operated the leasehold business for just three

TWO MORE PUBS FOR GROWING MELBOURNE PUBLICANS

Posted on August 24th, 2015 by Clyde Mooney
The burgeoning Dixon Hospitality Group (DHG) has swooped on two more Melbourne pubs as it continues to optimise its portfolio. The Middle Park Hotel is just a couple of kilometres due south of Melbourne’s CBD, and the Newmarket Hotel is

FEROS GRABS TOP GAMING PUB WITH D.A. UPSIDE

Posted on August 14th, 2015 by Clyde Mooney
Yet another of the State’s top gaming pubs has sold in another show of force for the pub and gaming industries. John Feros’ JDA Hotels has grabbed Mascot’s Tennyson Hotel for around $27 million as the national pub market continues