Real Estate

GERNER GONE FROM SORRENTO’S TROUBLED CONTINENTAL

Posted on September 6th, 2019 by Clyde Mooney
Julian Gerner has found a good outcome with sale of his troubled Continental Hotel, with a buyer looking to resume restoration and development works immediately. Career hotelier Gerner bought into the Continental – aka the Conti – back in 2015.

MURPHYS MOVE INTO SINGLETON

Posted on September 6th, 2019 by Clyde Mooney
The Murphy brothers are back in the game, picking up the freehold going concern of Singleton’s Imperial Hotel. In July freehold owners Walker Douglas Group (WDG) teamed up with lessee Callen Hotels to offer the business and property to a

DAN AND JANINE FAREWELL GEORGE TO THOMAS

Posted on September 4th, 2019 by Clyde Mooney
Dan and Janine Redman have ended two decades defining hospitality with the big-ticket sale of their beloved George Tavern Greenhills to Chris Thomas and Thomas Hotels. The George is a big, friendly pub on the New England Highway through Greenhills,

REPUBLIC ROSE ON OFFER

Posted on September 2nd, 2019 by Clyde Mooney
One of Hobart’s favourite old watering holes has come to market amid partnership dispute, bringing approved DAs, and history of live music and solid trade. The iconic Republic Bar & Cafe first poured drinks as Rose Hotel House, back in

ALLAWAH HOTEL SALE WITH UPSIDE

Posted on August 30th, 2019 by Clyde Mooney
Another Top200 gaming pub finds the market as Feros’ JDA Hotels and White & Partners offer up their high-performing Allawah Hotel in Sydney’s south-west.  Allawah is around 20 kilometres from the CBD, beside bustling Hurstville, with its widespread development and

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

Posted on August 30th, 2019 by Clyde Mooney
This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio

RICHMOND HOT PROPERTY TO TEMPT HOTELIERS

Posted on August 28th, 2019 by Clyde Mooney
Parties have combined to bring the freehold going concern of Richmond’s RG McGee’s to market, triggering what will likely be one of the year’s hotly contested campaigns. RG McGee’s enjoys a sizeable 942sqm landholding within Richmond’s main retail and commercial

HURLEYS GO COASTAL WITH IVORY TAVERN TWEED HEADS

Posted on August 23rd, 2019 by Clyde Mooney
Industry stalwart the Hurley Group has expanded beyond home state with purchase of Brendan Lawless’ elegant Ivory Tavern in Tweed Heads. NSW publican Brendan Lawless purchased the Ivory in 2017, taking option on the freehold going concern from a Brisbane-based

GOULBURN GOLD TO MARKET BY REQUEST

Posted on August 21st, 2019 by Clyde Mooney
In the wake of offers to sell, the Empire Hotel and operation in the heart of Goulburn is being offered to market.  The Empire occupies a sizable 1,578sqm block in Goulburn’s main retail and commercial area, in the centre between