Real Estate

REDCAPE SERVES STRONG HALF-YEAR RESULTS

Posted on February 21st, 2020 by Clyde Mooney
Redcape has released its results for the first half of the financial year, boding well for its growth prospects and for the broader industry. Redcape Hotel Group Management (RHGM), responsible entity for the Redcape Hotel Group (ASX:RDC) portfolio, reported a

RIVERSDALE’S THE ELEPHANT TAKES TILLEY & WILLS TO QUEENSLAND

Posted on February 19th, 2020 by Clyde Mooney
The Riversdale operated APF has completed its freehold “disposal strategy” in Brisbane, selling the voluminous The Elephant for over $20 million to Sydneysiders Simon Tilley and Nick Wills. Singleton, Dixon and Carnegie’s Australian Pub Fund (APF) has been strategically selling

McGUIRE HOTELS FORTUNE ON SHOW IN SUPREME COURT

Posted on February 19th, 2020 by Clyde Mooney
The McGuire Hotels family fortune has been on show courtesy of a Supreme Court case, appealing to extend a family trust an additional 25 years as new generations enter the vast and expanding business. Patriarch and former policeman in Ireland,

KELLY GRABS GULGONG

Posted on February 17th, 2020 by Clyde Mooney
Ned Kelly & Co have taken the second new pub in as many weeks, growing the Mudgee region portfolio with Gulgong’s Centennial Hotel. The 148-year-old Centennial stands at the town centre corner of Mayne and Medley Streets in Gulgong, home

HARVEST CASH OUT OF YASS

Posted on February 17th, 2020 by Clyde Mooney
Harvest Hospitality has completed an exit from Yass with the quick-turnaround sale of the historic Australian Hotel. A pub opened on the site in 1863, named the Hibernian Hotel, owned and operated by former convict John Martin. It was renamed

GRAFTON FAMILY HOTEL ON OFFER

Posted on February 14th, 2020 by Clyde Mooney
Continuing the run of northern NSW pubs looking for a new home, the Camptons have put up their handsome Roches Family Hotel in Grafton. The Roches is a two-storey sandstone and timber Federation-style structure on 988sqm at the corner of

MOELIS LANDS RECORD SALE AT BYRON

Posted on February 12th, 2020 by Clyde Mooney
Moelis Australia has announced finalisation of its record-breaking purchase of Byron Bay’s Beach Hotel, and its ongoing strategy for the gaming-free coastal icon. The Beach, aka the ‘Top Pub’, occupies a sprawling 4,585sqm site that counts 100 metres fronting Byron’s

CAPTAIN COOK SETS A NEW COURSE

Posted on February 12th, 2020 by Clyde Mooney
The recently beached Captain Cook Hotel at Paddington is back in the game at the hands of new owners, with a revised charter and fresh approach. Built 1914, the four-storey Captain Cook oversees the intersection of Flinders Street and Moore

ROYAL HOTEL MOTEL AT THE GATES

Posted on February 10th, 2020 by Clyde Mooney
Another Hunter Valley pub has found its way to market in regal Scone’s unbridled Royal Hotel Motel. Scone is found in the upper-west Hunter region, around 150 kilometres outside of Newcastle, 280 kilometres from Sydney. It counts almost 5,000 residents

HARVEST LIST YASS’ BIG AUSTRALIAN

Posted on February 10th, 2020 by Clyde Mooney
Harvest Hospitality has listed the historic Australian Hotel in Yass, aiming to reap the benefit of a fresh makeover and strong interest in strong regional operations. Fraser Haughton and Chris Cornforth’s Harvest purchased the pub mid-2017 and executed a comprehensive