Lucky Toowoomba institution the Shamrock Hotel has hit the market following a big refurbishment, as the Lees look to other ventures. Seona and Wayne Lee bought the large-format pub four years ago and have chipped away at improvements since, unveiling the new Shooters Super TAB sports bar last year. (video below) The Hotel counts four […]
Small-scale partial investors will revive the magnificent Federal Hotel in Deniliquin via a ‘fractional investing’ scheme driven by pioneering entertainment company Omecca. The Federal Hotel, on the town centre corner of Napier and Cressy street in Deniliquin, was built in 1897 after a strike by the local fire brigade saw firefighters watch as the exiting
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Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans under maverick CEO Brad Banducci. The ASX-listed company (WOW) is battling to combat the diminishing
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ALE has posted its annual results, with its nine per cent valuation lift and profit increases boding well for the pub industry. Listed ALE (ASX: LEP) is the largest landlord to Australia’s largest pub group, ALH, owned by Woolworths and the Mathieson family. ALE comprises 86 freehold hotel properties across five states, all leased to
KKR has ended speculation, announcing acquisition of a “majority share” in the fast-growing Dixon Hospitality Group for an undisclosed amount. Dixon (DHG) stormed onto the Australian hospitality scene in 2012, expanding upon the ‘party’ boat business of former Spotless CEO Bruce Dixon and son Michael. Bringing some high-profile business backers, DHG purchased one venue, then
Charter Hall and Hostplus’ Long WALE REIT has extended its relationship with Australia’s biggest publican, buying three hotels in a sale and leaseback deal worth $23.2 million. Long WALE (Weighted Average Lease Expiry)(ASX: CLW) is managed by Charter Hall Group (ASX: CHC), with its 25+ years’ experience managing property and over $19bn in funds under
In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican Nelson Meers, and is close to a deal for the complete portfolio for an Asian-backed
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After shelving its mooted IPO, Dixon Hospitality Group is rumoured to be in talks with private equity buyers – including KKR – the company that sank Keystone. Dixon Hospitality Group (DHG) has hinted at plans for an Initial Public Offering almost since it burst into the Australian hospitality spotlight with meteoric expansion courtesy of a
Charter Hall’s pub REIT has stepped up expansion plans, retiring bank debt in favour of a A$200 million US Private Placement note as it chases “sustainable and growing returns” for its investors. The Long WALE Investment Partnership (LWIP), 45 per cent owned by the Charter Hall Long WALE REIT (Real Estate Investment Trust), Charter Hall
CHARTER HALL LONG WALE PUB REIT – LONGER AND STRONGER Read More »
The ASX-listed Lantern Hotel Group recently completed a very public exit from the hotel game. PubTIC spoke with CEO John Osborne about the Group’s problems, the subsequent solution, and those jaw-dropping premiums to book value. Emerging from a failed pub REIT created by finance giant ING, Lantern became an owner-operator, with around two-dozen pubs and
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