Real Estate

BUNDY’S RAILWAY ON NEW TRACKS

Bundaberg hospitality stalwart Stephen Paterson has handed over his town favourite, the Railway Hotel, with the Spotted Dog Café, Bar and Grill, to first-timer Adrian Evans and partners including Arthur Laundy. Mid-2020, the iconic Spotted Dog Tavern and adjacent backpackers hostel were lost to a massive fire. The Dog was Paterson’s sixth hotel, and speaking …

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REDCAPE WRAPS TWO MORE SALES, FOR NOW

After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term industry participants, who have “been through the cycles and continue to see long term value …

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 A BUNCH OF SPORTS STARS PILE INTO A HERITAGE PUB

The handsome Heritage Hotel of Rockhampton is undergoing an usual sale process, mustering Queensland sporting greats Gorden Tallis, Nick Gregorski, Mark Knowles and Scott Prince, and a host of new owners. Built 1898 on Rockhampton’s riverfront, the three-storey premise was formerly known as the Commercial Hotel, and is considered a sister venue to Brisbane’s famous …

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REDCAPE SELL-DOWN DROPS MT ANNAN IN S-W SYDNEY

High-flying pub group Redcape “continues momentum” in its recent divestment program, with the big-ticket sale of its prized Mount Annan Hotel to an established Sydney hotel family. Redcape de-listed from the ASX in September 2021, with shareholders hoping to achieve higher valuations and MA Financial retaining 39 per cent of the $1.4 billion portfolio. At …

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BROWNING FAMILY PUTS UP BALLARAT COLLECTION

The Browning family has put their portfolio of hospitality venues in Ballarat on the market, representing more than an acre of freehold assets in the heart of one of Victoria’s largest regional centres. Billed as ‘The Ballarat Collection’, leading the pack are the freehold going concerns of two of the town’s most recognised hotels, being …

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