Real Estate

BLUE SKY FOR FIREHOUSE HOTEL UNDER HUGE TOWER PROJECT

North Sydney’s historic Firehouse Hotel will become the nucleus of a massive 35-storey tower through $121 million plans for its airspace. Publican Mark Barry has owned the pub since 2001, overseeing its conversion from a heritage-listed fire station, built in 1895. It occupies a modest block in North Sydney’s Walker Street, the two-storey Victorian building

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OPEN ARMS BREAK WITH DELAWARE AS BOTH LOOK NORTH

The partnership between American hospitality giant Delaware North and Open Arms Hospitality has split, as each cite opportunities and pending acquisitions. Delaware North (DN) operates hundreds of hospitality venues across four continents, serving over half a billion customers each year. In March it announced an acquisition strategy for Australia and New Zealand, particularly in the

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ARCADIA VILLAGE HOTEL MAGNETIC ISLAND SET TO ATTRACT

The idyllic Arcadia Village Hotel on Magnetic Island has come to market, offering a sprawling freehold going concern or booming leasehold opportunity. The Arcadia Village occupies a massive 1.07Ha (10,070sqm) site, overlooking the Coral Sea, a 20-minute ferry trip to Townsville. The Island has approximately 2,500 permanent residents, but holiday periods see this number increase

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