Real Estate

COUGHLAN LETS GO THE LORD

Posted on April 10th, 2019 by Clyde Mooney
Paddy Coughlan has sold off his flagship Lord Gladstone for a reported $5.5 million to another local hotelier, to continue plans for growing Frank Strong’s hard lemonade. The former Riversdale CEO announced sale campaigns on the freehold going concerns of

NEW HANDS FOR PALM & PAWN

Posted on April 10th, 2019 by Clyde Mooney
The Duncan family has sold its troubled Palm & Pawn Hotel in Wagga Wagga, ending their reluctant reinvolvement in the Riverina pub. Built on a generous 7,795sqm lot in the north of town, the Palm & Pawn offers bar, bistro

TAVERN @ THE ROCKS ON OFFER

Posted on April 10th, 2019 by Clyde Mooney
The elegant ‘tavern @ the rocks’ has come to market, offering a large-format operation and opportunity in Perth’s growing northern corridor. The tavern is a family-owned and operated venue overlooking Two Rocks Marina, around an hour’s drive north of the

IVY TOWER SET TO BE MERIVALE MASTERPIECE

Posted on April 5th, 2019 by Clyde Mooney
Justin Hemmes has confirmed plans for his $1.5bn mega-development at the site of CBD hotel juggernaut ivy, due to come from an international design competition. The project, situated opposite the new $2bn Wynyard Station on re-worked George Street, is expected

FLOWER TAKES HASTINGS IN LOCAL POWER PLAY

Posted on April 3rd, 2019 by Clyde Mooney
Alistair Flower has swooped on the elegant Hastings Hotel in Wauchope, celebrating rapid expansion and the birth of new entries to Flower Hotels. The former Redcape general manager, overseeing 40 venues, took his experience north and revived the Settler’s Inn

HAWTHORN’S BEEHIVE ON OFFER

Posted on April 3rd, 2019 by Clyde Mooney
Queensland-based operator Rick Munday is divesting the long lease on the Beehive Hotel in Hawthorn, to focus on business closer to home. Munday took on the operation at the Beehive three years ago, furthering his Melbourne interests beyond rooftop function

GILBERTS GIVING UP GOLDEN FLEECE

Posted on April 1st, 2019 by Clyde Mooney
The Gilberts are looking to a swift divestment of their revived Golden Fleece Hotel in South Melbourne, switching focus to the new prize in Northcote. Andrew Gilbert and father Rick Gilbert bought the closed and run-down Golden Fleece in 2015,

SOUTH MELBOURNE PALACE LOOKS TO NEW MAJESTY

Posted on March 29th, 2019 by Clyde Mooney
The Palace Hotel in South Melbourne is on offer, as Firewater Enterprises continue to stoke the possibilities at their newest success. Located at a junction of bustling City Road, less than five kilometres from the Melbourne CBD, the Palace is

DARWIN HOTSPOT RORKES SEEKS NEW OPERATOR

Posted on March 26th, 2019 by Clyde Mooney
Popular Darwin hotel Rorkes is looking for a new operator, offering a new lease in a multi-million-dollar fit-out in Australia’s northern-most capital. The establishment at 22 Smith Street, in Darwin’s CBD, is a landmark heritage building that underwent a major

GM HOTELS ON OFFER FOR $70m

Posted on March 22nd, 2019 by Clyde Mooney
GM Hotels is shaking up the market with the portfolio sale of six pubs in Adelaide, expected to fetch around $70 million. The package represents the crème of GM Hotels collection in South Australia, and destined to be the highest