Real Estate

ALH’S $45m REDEVELOPMENT OF THE PARKWAY

Posted on June 28th, 2019 by Clyde Mooney
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

HAROLD PARK RACES TO MARKET

Posted on June 26th, 2019 by Clyde Mooney
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

SUMMER HOUSE LINKING EAST COAST CHAIN

Posted on June 26th, 2019 by Clyde Mooney
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 –

WOOLWORTHS’ ALH SELL-OFF DILEMMA

Posted on June 24th, 2019 by Clyde Mooney
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

HARBOUR VIEW HOTEL LOOKS TO MARKET

Posted on June 21st, 2019 by Clyde Mooney
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

IRIS LANDS ALH’S CAMBRIDGE TAVERN FOR $56m

Posted on June 19th, 2019 by Clyde Mooney
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

OSCARS BUILDS ON INNER WEST EMPIRE

Posted on June 17th, 2019 by Clyde Mooney
Oscars Hotels has snapped up another inner west landmark, taking title to the freehold going concern of Parramatta Road icon the Empire Hotel, in Annandale. Built circa 1890 for Tooth’s & Co, the three-storey Empire, particularly its façade, was refashioned

PORTERS BUILD FUTURE AT PLAINLAND PUB

Posted on June 17th, 2019 by Clyde Mooney
The dedicated and long-serving Porter family has doubled the footprint of Porters Plainland Hotel with a $7 million development to deliver a dream more than a decade in the making. The Porter family bought the big Plainland, on a sprawling

GOOD TIMES AS INGHAM-MYERS DIVEST NEW ENGLAND

Posted on June 17th, 2019 by Clyde Mooney
Brett Nielson and Steve Forbes have taken their newly-formed Good Times Industries west to Armidale, picking up ‘The Newie’ as the Ingham-Myers' exit the region. Nielson is long-time owner of the Glengarry Castle Hotel in Redfern, where he used to

OXFORD HOTEL DRUMMOYNE BACK TO MARKET

Posted on June 14th, 2019 by Clyde Mooney
Private hoteliers Michael Wiggins and Joanne Cassar have put up the big corner Oxford Hotel in Drummoyne, in a rare opportunity for Sydney’s tightly-held gaming market. Wiggins and Cassar have owned a string of pub operations, divesting their Royal Exhibition