The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major redevelopment and refurbishment of both the site and structure. The new offering included multiple bars […]
The Moss St International Hotel just south of Brisbane has come to market as its interstate owner divests to focus on operations closer to home. Occupying 4,927 m² of Slacks Creek, around 20 minutes south of the Brisbane CBD, the pub is a landmark of the Moss St commercial and industrial area, and close to
The five-level Forbes Hotel on York Street has come to market looking to be the next entertainment and dining hot-spot in the heart of Sydney’s CBD. It was until late 2014 under lease to Iris Group, before Waugh Hotels took on the renewed lease operation. The Waughs worked to secure a DA for the building,
Getting a jump on next week’s AGM, Lantern has listed two of its big assets as news breaks of the top-dollar sale price secured for the Commodore Hotel. Systematically executing a turn-around strategy to reverse the company’s fortunes has seen the publicly-listed Lantern Hotel Group divest nearly $60 million in assets the plan deemed ‘non-core’.
LANTERN LISTING AS UNCLE BUCK’S AND AMBARVALE HEAD TO MARKET Read More »
Amid massive local development, Cairns’ Grand Hotel has hit the market, the Courthouse is being courted by Council, and a new team sign for the Cape York. Occupying 2,035 m² on a prominent corner in the heart of town, the Grand Hotel boasts the popular Croc Bar – a distinctive timber crocodile-shaped bar top and
Historic Queenslander The Australian at Gympie is up for sale, as husband and wife owners call time on their “old-style” pub. The first Australian Hotel built on the corner of Apollonian Vale and Lady Mary Tce was in 1873, with the licence granted to one Mary Jane Catherwood. A series of licensees followed over following
Peter Calligeros and Stephen Farley are releasing the massive Acacia Ridge Hotel to a hot Sunshine State market. After landing the trophy asset in mid-2014, business partners Calligeros and Farley have executed a calculated makeover and refresh of the business that has seen it climb the ranking of Queensland’s top pubs. It is the first
CALLIGEROS & CO. TO SELL TOP-10 ACACIA RIDGE HOTEL Read More »
The compelling Lantern Hotel Group has put to market one of its final non-core hotels, as it asks shareholders to ponder selling up the lot. The 150-year-old Commodore Hotel – originally the First Old Commodore, and rumoured favourite haunt of Henry Lawson – is a modern two-level pub in McMahon’s Point, beside the bustling North
COMMODORE SETS SALE AS LANTERN PLOTS COURSE FOR EXIT Read More »
St Kilda’s popular Elephant & Wheelbarrow has come to market, as long-term owners take the opportunity to concentrate on other pubs. Located near the St Kilda foreshore, the Elephant & Wheelbarrow is a landmark local, on a prominent corner of Fitzroy Street in the popular tourist district. The pub holds a late-trading licence and commercial
Real estate market mania continues to see hot property sent to market, now including operator and developer target, North Brisbane’s large-format Homestead Tavern. Located on a generous 7,550 m² block in beachside Boondall, the vendors have executed regular renovation to ensure it remains relevant and maintains consistent trade. Based around a large central bar, the
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