The booming Australian Venue Co is refinancing a new $600 million debt facility, as investors flock to hold the deeds on its pubs around the country. Most recently, the freehold of the Bentley Hotel and associated First Choice Liquor outlet in central Perth sold for just over $10 million, leased to the AVC-Coles partnership until […]
Australia’s largest publican, the ASX-listed Endeavour Group, aka ALH, reported mixed financial results this week, prompting a share price surge. Representing the milestone of its first full financial reporting period since listing, Endeavour (ASX:EDV) has both benefitted and suffered at the hands of the COVID pandemic. The announcement Monday cited its hotel operations, a portfolio
ENDEAVOUR POSTS STRONG RESULTS DESPITE LAGGING PUBS PORTFOLIO Read More »
The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong, the Crown Hotel in Surry Hills, and most recently the North Nowra Tavern. All are
The fast-growing Kickon Group has taken its next step into Queensland, and kick-started its progressive new Pub Partner Program. Kickon has now settled on the iconic Osbourne Hotel in Brisbane’s Fortitude Valley, which is its first official acquisition since rebranding from Collective Heads in September. The Osbourne Hotel was established 1864, and has been operated
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the listed Charter Hall Long WALE REIT (ASX:CLW) and with ongoing real estate partner Hostplus, for
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape Hotel Group ran an IPO and listed late 2018, to a lacklustre public response. The
Australia’s largest drinks and hospitality business, the recently listed Endeavour Group (ASX:EDV), has announced its first end of financial year results, finding a less than positive reaction. After splitting from parent company Woolworths (ASX:WOW) in June, Endeavour hit the open market boasting a portfolio of 1,643 retail stores and 339 hotels under Australian Leisure &
Wallaby hotelier Bill Young has listed his twice-loved Friend in Hand of Glebe, to focus on the family’s growing stable of large-format pubs. Built 1858, the two-storey Friend is a vestige of Glebe’s blue collar past. It is close to the big Broadway Shopping Centre and adjacent to Roxy Pacific’s West End Residences development of
Redcape has announced its full-year financial results, along with proposal it delists its dissatisfying shares from the ASX. Today Redcape Hotel Group Management, as the responsible entity of the Redcape Hotel Group (ASX:RDC), announced financial results for year ending 30 June 2021. The news was highlighted by statutory net profit after tax (NPAT) up 153.6
On the eve of its debut on the ASX and uncoupling from Woolworths, ALH is looking to let loose the cheque book to secure further acquisitions and market share in accommodation. Billionaire major shareholder Bruce Mathieson has said “people will be surprised” by the kind of properties ALH is looking to buy in its aggressive
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