Property

RAW GROUP GOES COMMERCIAL WITH PURCHASE OF IPG PUB

Posted on April 27th, 2015 by Clyde Mooney
Independent Pub Group has completed its strategic exit from Queensland, selling the last of its hotels in that State to the up and coming Raw Group. The Commercial Hotel Nambour was the seventh and final asset sell-off for IPG, with

SHORT GRABS LOCAL FAVOURITE IN PUB HOT-ZONE

Posted on April 20th, 2015 by Clyde Mooney
Marty Short’s pub group has picked up a local favourite in Redfern as city fringe assets continue to emerge as the must-haves in a hot market. Spying the area’s steady development, the operators named in recognition of patriarch Warwick Short

SLEEPING BEAUTY PALISADE PUB – SOLD

Posted on April 17th, 2015 by Clyde Mooney
Dormant for nearly seven years, the magnificent Palisade Hotel has sold to a private investor after a packed auction and vigorous negotiation. Located overlooking the Harbour Bridge and foreshore and $6 billion Barangaroo development, the Hotel has been closed since

EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’

Posted on April 15th, 2015 by Clyde Mooney
Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. [caption id="attachment_1974" align="alignright" width="314"] Chris Cheung[/caption] “It is with a heavy heart that we made the decision to put

MERIVALE MARCHES INTO NEWTOWN

Posted on April 13th, 2015 by Clyde Mooney
With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. [caption id="attachment_1959" align="alignright" width="313"] Chris Hogarth & Patrick Friesen[/caption] Very close to Newtown station on

NEWHAVEN HOTELS OFFLOADS KEY ASSET TO LAUNDYS

Posted on April 13th, 2015 by Clyde Mooney
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe

EXCLUSIVE: NEW ERA FOR TEA GARDENS HOTEL

Posted on April 1st, 2015 by Clyde Mooney
A Tea Gardens hotel has changed hands after 68 years of family ownership. Manenti Quinlan reported the historic sale of the Tea Gardens Hotel Motel yesterday after a campaign involving potential buyers from around the country. Director Gerry Quinlan told

MERIVALE TAKES UP NEWPORT ARMS

Posted on March 18th, 2015 by Clyde Mooney
The battle for the beaches hit top gear last night as Merivale CEO Justin Hemmes signed on to take over the iconic Newport Arms Hotel. Only a few months since the Laundys and Fraser Short purchased the nearby Mona Vale

HISTORIC ILLAWARRA HOTEL SET TO RETURN

Posted on March 16th, 2015 by Clyde Mooney
The historic Imperial Hotel at Clifton will be “restored to its former glory” after being boarded up for more than a decade. WIN Corporation has owned the hotel “breathtakingly perched high above the Pacific Ocean” on Grand Pacific Drive for