Newcastle icon Finnegan’s Hotel has been sold for the first time in decades, with the Hunter family handing over to established locals. Positioned prominently at the intersection of busy King and Darby Streets, opposite Newcastle Civic Park and City Hall, Finnegan’s is a handsome two-storey Art Deco hotel brimming with street appeal. It incorporates public […]
Listed pub landlord Hotel Property Investments’ shareholders have voted with their balance sheets to accept the protracted, $760 million attempted takeover by Charter Hall and Hostplus. HPI (ASX:HPI) holds a stable of pubs in multiple states, totalling around 60 sites. The majority are leased to AVC and its partnership with Coles, QVC (Queensland Venue Co).
The sun has set on pub operator Virtical’s portfolio, with a successful sale of Hotel Australasia to another hospitality developer. The picturesque heritage-listed Hotel is a landmark of Eden, on the NSW south coast, built in 1904, with 38 metres of frontage on a 2,886sqm lot. It was the first pub bought by hospitality investor
MA Redcape Hotel Fund has reversed its run of divestments with purchase of three hotels in coveted southeast Queensland, to further its portfolio refresh and optimisation. The prior calendar year continued a shake-up of the Redcape stable that saw multiple assets divested. In April the group sold its Crescent Hotel in gaming heartland Fairfield to
Last year the Inner West Council (IWC) of Sydney restirred a heritage hornet’s nest, furthering its attempt to preserve urban culture by forcing protections on old pubs under its purview. The Council’s proposal has now successfully amended planning controls, such that a total of 22 pubs have been added to the State Heritage register. These
The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million. The two pubs hold a combined 17K sqm and boast approved development upside. The Cabramatta
Leading Sydney operator Solotel has emerged as the new operator of the majority of the Public Hospitality portfolio recently into receivership, adding three inner west pubs to the collection. Formerly high-flying dealmaker for tax advisor KPMG, Jon Adgemis, came unstuck during a rapid rise to two-dozen hotels, as construction costs and interest rates rose following
One of Glebe’s historic watering holes has a new Friend – for the third time in six years, as Ray Reilly and co take on the inner west pub, following a public sale by Marcello Colosimo’s Momento Hospitality. In 2022 Momento undertook a rapid expansion of its inner west footprint, buying the Friend from Wallaby
Bill and Mario Gravanis’ Oscars Group has acquired Sydney’s famous Luna Park, with plans to further increase its hospitality appeal. Enjoying a picturesque and totally unique location on the shores of Sydney Harbour, the historic Luna Park Sydney is a sprawling operation with many facets. It features 17 amusement rides, the heritage-listed Coney Island, the
Hakfoort Group has bought the resurrected Country Club Hotel, settling in with plans and a prompt name change in tune with the precinct. Located on Cunningham Street in the heart of Dalby’s town centre, on a prominent and expansive 2,073sqm lot, the Hotel is an historic landmark of the community. Built 1912, it was originally
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