Real Estate

COLES & AVC LODGE JV FOR SPIRIT FLEET

Posted on October 26th, 2018 by Clyde Mooney
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year

NEWCASTLE’S SHAFT TAVERN SEEKS NEW PROSPECT

Posted on October 24th, 2018 by Clyde Mooney
Industry veterans Reg Mawhinney and Geoff Byrne have listed their big mining town pub, the Shaft Tavern, with plenty of blue sky in thriving Newcastle. The large-format Shaft occupies a generous 6,720sqm block, adjacent to the IGA-anchored Elermore Vale Shopping

LAUNDY TAKES UP THE OAKS

Posted on October 19th, 2018 by Clyde Mooney
Laundy Hotels has secured the freehold going concern of The Oaks The Oaks, promising to bring some “TLC” to the neglected local pub. The former Tathra Hotel has resided on a generous 1-Ha block in the suburb of The Oaks,

INTERNATIONAL OPPORTUNITY HITS BRISBANE MARKET

Posted on October 19th, 2018 by Clyde Mooney
The freehold going concern of the International Hotel in Brisbane has come to market, boding a future development project on the city’s outskirts. The modest structure on the corner of Boundary and Torrington Streets in Spring Hill occupies a 1,745sqm

REDCAPE SECURE BIG SOUTH COAST TRIO

Posted on October 17th, 2018 by Clyde Mooney
Redcape is three steps closer to its mooted IPO with the big-ticket acquisition of Joel Fisher and Andrew Denmeade’s trio of pubs south of Sydney. Denfish Hotels is a long-term partnership of Denmeade and Fisher that has bought, built and

HISTORIC HOTEL MITCHELL SET TO CLOSE

Posted on October 17th, 2018 by Clyde Mooney
The century-old Hotel Mitchell west of Brisbane has issued a ‘hail Mary’ for a new owner, with trustees looking for a bare-bones offer on the historic two-storey pub. Mitchell is a town of 800 souls an hour west of Roma,

TWO BIG QUEENSLANDERS HEAD TO MARKET

Posted on October 15th, 2018 by Clyde Mooney
Private investors have offered up a portfolio of two big-trading Queensland pubs likely to be some of the last offered in the northern state for 2018. The Commercial Hotel in Redbank and Oonoonba Hotel Townsville are run under management by

GRAND VIEW SEES HUNGRY INVESTOR INTO MOUNTAINS

Posted on October 15th, 2018 by Clyde Mooney
Ben Tufrey is free to pursue retirement, having sold his long-held Grand View Hotel in the Mountains to a Chinese investor. Tufrey has owned and operated the Grand View for 16 years, virtually “going through the motions” in the past

MILES FAMILY CALL TIME ON BELLS INSTITUTION

Posted on October 12th, 2018 by Clyde Mooney
The picturesque institution Bells Hotel in Woolloomooloo has hit the market, after almost 50 years’ owner-operation by the Miles family. The proud “Country pub in the City” stands at #1 Bourke St, on the corner of Cowper Wharf Road, opposite

IPO IN THE WORKS FOR FLYING REDCAPE

Posted on October 12th, 2018 by Clyde Mooney
After years of speculation and a change of ownership, Redcape has begun steps toward an Initial Public Offering in December. The prominent pub group was acquired mid-2017 by Moelis Australia after several rumoured divestment considerations by its former owners, US