Coles has completed its exit from NSW pub operations, selling the Northlakes Tavern to the pub partnership of Arthur Laundy and Mark Malloy. Moving to minimise or remove itself entirely from its PR burden of association with gaming, Coles listed the leasehold interest in the Tavern in Charmhaven in February. However, the freehold owners of […]
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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Brisbane developer Terry Harmer has listed the business opportunity of the refurbished Terranora Tavern, in the newly appointed Terranora shopping centre. Harmer boasts a background in shopping centre development, and around two years ago bought from United Petroleum the entire Terranora site, which was almost empty, and the pub closed. Terranora is a coastal town
Riversdale has ended speculation of a complete sell-down with the purchase of the Lambton Park Hotel in suburban Newcastle. The pub was bought around three years’ ago by a partnership of three newcomers to the industry, who went on to also buy Sydney’s Haymarket Hotel. The trio put the Lambton Park – locally known as
The Marlow Hotel Group has secured the huge Peachtree Hotel in Penrith, following less than a year’s ownership by ASX-listed property developer, Boyuan Holdings. Chinese development company Boyuan Holdings Limited (ASX: BHL) bought the big Penrith pub last October from long-time owner Colin Parras, paying $15.5 million. The Peachtree Hotel – locally known as The
The highly successful O’Brien Group has secured a foothold in Sydney with the lease rights purchase to Singleton’s iconic Icebergs in Bondi. The internationally renowned Icebergs Dining Room & Bar (IDRB) occupies 675sqm on the top level of the three-storey building standing over the heritage-listed Bondi Baths, built on Crown land, facing north-east across the
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The much-rumoured joint venture between Coles’ pub arm and a big operator is close to a deal with KKR’s Australian Venue Company, with the major hurdle fast approaching. Speculation has emerged about a broad change to the fleet of Spirit Hotels, sparked by Coles’ and parent company Wesfarmers’ continued unrest with exposure to poker machines,
Calling time on a decade owning the Holmesville Hotel, Steph Woolf and husband Geoff have put the heart of town to market. The Woolfs bought the two-storey brick and timber Federation-style pub in 2007, and went on to become licensees and operators. Holmesville is a rapidly expanding suburb on the outskirts of Lake Macquarie, 21
Melbourne publican Andre Chaaya is cashing in the title to his popular Bay Hotel, so he can take it to another level. Chaaya has owned the operation at the Bay in Mordialloc in south-east Melbourne since 2013, and two years ago secured title to the bricks and mortar as well. The pub occupies a prime
The exquisite Forrest Beach Hotel has come to market, offering a broad business and big upsides in a sunny patch of northern Queensland. Forrest Beach is a coastal town of around 1200 people, an hour and a half drive north of Townsville, and 15 minute’s east of Ingham. Its name comes courtesy of George Forrest,
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