Australian Venue Co is finding renewed strength under new owners PAG, and armed with a new investment chest is ratcheting up its acquisitions. In August news broke of the $1.4bn deal whereby PAG Asia Capital bought KKR’s 80 per cent stake in the pub group. The transaction has now settled, heralding a new $900 million debt […]
Interstate investors are divesting their long-held Railway Hotel in Marian, to focus closer to home. Located 28 kilometres from Mackay Airport, the Railway is the only hotel in the town of Marian, serving around 4,200 local residents and the broader Pioneer Valley, with its population of some 15,000 people. Within the Railway’s 1,586sqm site is
The Bayfield family is parting with their stately Light Brigade Hotel, as they head back to the beach. Standing like a sentinel at the highest point in Paddington-Woollahra since the 1880s, the three-level pub occupies a prominent position with two street frontages, on the corner of Oxford St and Jersey Rd. Beyond its proximity to
James Wynne’s investment vehicle Shogroup has partnered with John Upham to take their first pub in Adelaide with purchase of the new Eight Dragons in redeveloped Chinatown. Shogroup and Upham have secured a 37-year lease on the new Hotel, which is the only hotel in the precinct, and located in a prime spot beside the
The high-profile Public Hospitality Group led by Jon Adgemis has listed the Empire Hotel in Annandale, as it strives to maintain the collection under increasing financial strain. Public (PHG) has amassed 22 pubs and hotels in Sydney and Melbourne, including the Camelia in Alexandria, Lady Hampshire in Camperdown, and Strand Hotel in Darlinghurst. PHG picked
Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Cresent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the ongoing variations in boardroom strategies, as both groups look to deploy capital and capitalise on
The historic White Horse Hotel of St Peters has been sold to new hoteliers, as they saddle up to continue the entertainment quest and launch the music-lovin’ McLovin’s. Set on the arterial Princes Highway at St Peters, a pub named the Hero of Waterloo Inn was in operation on the site since 1853. It was
A private investor is divesting The 1880 Hotel in Bathurst, representing a ‘red hot’ opportunity for a freehold operation in a key regional town. The two-storey pub, formerly known as the Edinboro Castle Hotel, resides on a high-visibility 1,233sqm lot opposite the Bathurst Council and Civic Centre. It incorporates main bar and sports lounge with
The famous Tiger-tinted Mole Creek Hotel is being sold by long-time owner-operators, offering a tourist magnet in Mersey Valley. Built 1907, the two-storey hotel is a prominent figure on a 6,475sqm site on Pioneer Drive. Initially built as a hotel, it was unable to trade as such for decades due to a clause in
Newcastle icon The Camo may rock again, as the developers pull out of plans for a student tower and the historic hotel returns to the market. The pub was a virtual rite of passage for local and even international bands for more than five decades, hosting the likes of Tame Impala, The Black Keys, Silverchair
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