Real Estate

MALONEY LISTS ST JAMES FREEHOLD

Posted on May 18th, 2020 by Clyde Mooney
Publican Kim Maloney OAM has listed two freehold assets in Sydney’s CBD, behind and above his St James Hotel, with sources suggesting market expectations circa $60 million. The long-time publican and son of industry legend Cyril Maloney bought the freehold

CONTI SOLD AGAIN TO ANOTHER DEVELOPER

Posted on May 15th, 2020 by Clyde Mooney
The heartbreaking saga of the restoration of Sorrento’s magnificent Continental Hotel has reached another milestone, with prominent Melbourne developer Trenerry Property Group ready to settle on the latest deal. Bought years ago by Melbourne hotelier Julian Gerner, the four-storey limestone

LAUNDY REVIVING PENRITH’S LOG CABIN

Posted on April 29th, 2020 by Clyde Mooney
While venues across the country languish under the weight of a pandemic, Arthur Laundy is busy building for a new era, announcing major plans for the reinvented former Log Cabin Hotel in Penrith. The revival of one of Penrith’s best-loved

CRESCENT HEAD ON THE BLOCK

Posted on April 24th, 2020 by Clyde Mooney
The Gunns have announced the listing of their large-format Tavern of Crescent Head, offering a strong business and opportunity ready to capitalise on the reopening honeymoon. Darren and Hanh Gunn bought the business in 2011, bringing along their two-year-old son

CROOKWELL HOTEL SOLD

Posted on April 17th, 2020 by Clyde Mooney
Amid an historically quiet time in the pub game, Deborah Lang and David Kelly have taken the plunge with acquisition of the Crookwell Hotel in the NSW southern tablelands. The Victorian two-storey pub was built 1884 on a 2,183sqm corner

AVC HALTS DEAL TO BUY SAND HILL ROAD PORTFOLIO

Posted on April 15th, 2020 by Clyde Mooney
The nine-digit deal for KKR’s Australian Venue Company to buy the Sand Hill Road portfolio has been put on hold as both groups share in the national pain of pub closures. News emerged early March of the agreement, understood to

LAUNDY REVEALS NEW GREENFIELD SITES

Posted on March 20th, 2020 by Clyde Mooney
As the hospitality industry reels from what is hoped to be a temporary downturn, news has emerged pub industry patriarch Arthur Laundy is building no less than three new pubs. A deal was recently secured to purchase the site of

INVERELL’S IMPERIAL JOINS THE MARCH

Posted on March 16th, 2020 by Clyde Mooney
The stately Imperial Hotel in the heart of Inverell is for sale, as long-time operator Michael Painko looks to move on. The two-storey Georgian Imperial was built on an expansive 2,063sqm lot on a major corner of Otho Street, which

SARACENS HEAD KEYS AND TITLE ON OFFER

Posted on March 16th, 2020 by Clyde Mooney
Adelaide’s elegant Saracens Head Hotel is for sale as a long-term lease or freehold going concern. Commonly known as ‘Sarries’, the two-storey stone and iron lacework pub was built 1873 on a prominent corner of Carrington Street, amid universities and

O’DONNELLS EXIT WITH NORTH NOWRA ON OFFER

Posted on March 13th, 2020 by Clyde Mooney
The O’Donnell family flags the end of its portfolio sell-down with the listing of its south coast landmark operation the North Nowra Hotel. The large-format pub is set on an underutilised block of 6,019sqm next to the North Nowra Shopping