Real Estate

AUS VENUE CO DIVESTING DRINK N’ DINE PUBS

Posted on June 29th, 2018 by Clyde Mooney
Australian Venue Company has listed two of the former Drink n’ Dine venues, as it fine-tunes its portfolio amid big expansion plans. In early 2016 AVC, at the time trading as Dixon Group, purchased the three Drink n’ Dine venues

MELBOURNE FIGHTING TO SAVE METROPOLITAN

Posted on June 29th, 2018 by Clyde Mooney
Melbourne City Council is fighting back against what it sees as the ongoing loss of the city’s historic pubs, pleading for heritage protection on the under-threat Metropolitan Hotel. Built 1854, the modest two-storey Victorian building on the corner of William

UNIVERSAL TAKES OXFORD ST ICON MIDNIGHT SHIFT

Posted on June 27th, 2018 by Clyde Mooney
Universal Hotels has clinched another Oxford Street icon – it’s biggest to date – settling on the once-thriving now dormant Midnight Shift. The acquisitive pub group now holds title on four Oxford Street pubs, in a clear play to invest

NATIVE ROSE OFF TO AUCTION

Posted on June 27th, 2018 by Clyde Mooney
The freehold interest of Rozelle’s Native Rose – formerly the Ruby L’otel – is for sale, with a craft beer tenant on a long lease. Investor Michael Huang bought the property in 2015, and largely operated it himself, until executing

UNIVERSAL SALE BRINGING BROAD APPEAL

Posted on June 27th, 2018 by Clyde Mooney
Universal nightclub in Bendigo is for sale, offering potential for seven-day trade and an expanded offering, with a rare 5am licence. The nightclub opened in the late 90s, licensed to hold 500 patrons. Widely known as Universal on McCrae Street,

BLUE SKY FOR FIREHOUSE HOTEL UNDER HUGE TOWER PROJECT

Posted on June 25th, 2018 by Clyde Mooney
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

TOURIST HOTEL SOLD TO LOCAL

Posted on June 25th, 2018 by Clyde Mooney
A Sydney-based syndicate has sold Narrabri’s big Tourist Hotel to an enterprising local set to breathe some new life into the simmering local. Narrabri is a town of 6,000 people around 500 kilometres north-west of Sydney, best-known for its cotton

OPEN ARMS BREAK WITH DELAWARE AS BOTH LOOK NORTH

Posted on June 20th, 2018 by Clyde Mooney
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.

MATES LIST ‘COUNTRY PUB’ QUEENSPORT BRISBANE

Posted on June 20th, 2018 by Clyde Mooney
Brisbane’s “country pub in the city” has come to market, as the two long-time owners call time to pursue other colourful activities. Old mates Warwick Brown and Peter Chase have owned the Queensport Tavern at Hemmant for 17 years. Chase

LAUNDY-MALLOY ACQUIRE COLES’ LAST NSW PUB

Posted on June 18th, 2018 by Clyde Mooney
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