Woolworths has finally announced strategy to divest its contentious Hotels division, to be coupled with its key liquor division, leaving the future of Australia’s biggest drinks-hospitality group dithering. ASX-listed Woolworths (WOW) today released details of its plan to merge Endeavour Drinks and Australian Leisure & Hospitality Group (ALH) into a combined entity, Endeavour Group Limited […]
Jirsch Sutherland Insolvency Solutions has announced sale of the leasehold interest in Sydney’s historic Captain Cook Hotel, beside the stadiums in Paddington. The stately four-storey Captain Cook, built 1914, stands at the intersection of Flinders Street and Moore Park Road, adjacent to Allianz Stadium and the Sydney Cricket Ground. The location enjoys constant vehicular and
Arthur Laundy has won the race to Drummoyne’s big Oxford Hotel for circa $42 million, securing a deal in just two weeks from owner-operators Michael Wiggins and Joanne Cassar. Wiggins and Cassar bought the Oxford from Iris Group in 2015 for around $34 million, after selling their prized Royal Exhibition. The historic Oxford is a
The future of Sorrento’s majestic Continental Hotel is in the wind with the property reluctantly returning to market as developer Stellar winds up. Hotelier Julian Gerner moved to Sorrento, on the Mornington Peninsula, in 2013, with his wife, to start a family. He already boasted a half-dozen heritage hotel projects under his belt, and purchased
After considerable resistance, ALH will soon begin construction on its $45 million redevelopment of the Parkway Hotel, having cleared final hurdles. Back in 2015 the majority Woolworths-owned Australian Leisure & Hospitality (ALH) submitted plans for a massive re-working of the Hotel site in Frenchs Forest, just 600 metres from the massive new Northern Beaches Hospital.
Famed comedy house and inner west local the Harold Park Hotel has come to market, boasting unbridled opportunity and a generous sale proposition. Built in the late naughties opposite what was the Harold Park Raceway, in Sydney’s Forest Lodge, four kilometres west of the CBD, the Hotel is a modern two-storey brick structure with a
The Somerville brothers are taking big east coast steps with their Summer House venues, expanding out of Melbourne and now announcing two new acquisitions, in Cairns and Brisbane. A short walk from the Brisbane CBD is the Flamin’ Galah – the rebranded Beetle Bar adjoining a 30-room, 150-bed backpacker hostel. The two lots are the
Speculation is rife Woolworths and the Mathieson family are poised to announce sell-off of the $3.6 billion ALH pubs portfolio. Senior management of Woolworths Group and Bruce Mathieson Jr are believed to be back at the negotiating table, discussing plans to de-couple the ‘Fresh Food People’ from the hotels business, motivated by the unfavourable public
For the first time in 20 years, the handsome Harbour View Hotel in Sydney tourist mecca The Rocks has come to market. The HVH is one of the few freehold hotels in The Rocks, with most titles held by the Sydney Harbour Foreshore Authority. It was rebuilt in its current form in 1924 for the
Sam Arnaout’s Iris Group has snapped up another massive Sydney pub, securing the freehold operation of ALH’s high-performing Cambridge Hotel in Fairfield for $56 million. Still celebrating last month’s milestone acquisition of Manly’s The Steyne, Iris continues its rapid portfolio expansion with a complex deal on both the freehold and lease of the western Sydney
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