The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions up (1.97 per cent). Directors’ valuations during the course of the year saw the book […]
Despite divesting its entire portfolio late 2017, the beleaguered Publican Group has been put into voluntary liquidation. The cashed-up Dixon Hotel Group – since rebranded to Australian Venue Co (AVC) – bought the clutch of nine Publican Group venues in Victoria and Western Australia in October 2017, taking possession late November. Founded in 2014, AVC’s
PUBLICAN GROUP SINKS INTO RECEIVERSHIP DESPITE DIXON SWOOP Read More »
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
FEDDY IN DENI TO RISE AGAIN VIA NEW INVESTOR MODEL Read More »
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
FULL YEAR RESULTS: INSIGHT ON HOSPITALITY PROPERTY AND PRODUCT Read More »
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
MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY Read More »
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
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