The acquisitive Australian Venue Company is extending its working relationship with the O’Brien family, taking on the lease at the Prince Alfred Hotel in Richmond’s bustling Church Street. Australian Venue Company (AVC) – formerly Dixon Hospitality – is on a path to build a billion-dollar portfolio with view to a float of the portfolio, backed […]
AVC CONTINUES GROWTH VIA O’BRIENS AND PRINCE ALFRED HOTEL Read More »
John Feros’ JDA Hotels has listed Top200 pub the Padstow Park Hotel, with new extended trading and price expectations in the high $20 millions. After executing sale-and-leaseback of the Group’s Allawah Hotel last September, and record-breaking auction of the development-ready Tennyson to Merivale in late 2016, the large-format Padstow Park will also go to auction,
The Grand View Hotel overlooking the Blue Mountains is looking for a loving new owner, as its long-standing patriarch throws in the towel in pursuit of retirement. Vendor Ben Tufrey has owned and operated the Grand View for 16 years, and looking to do some long-awaited travel and spend time with family, has listed the
The Thompson family has listed its newly refurbished Moorooka pub, the Red Lion, in Brisbane’s booming south. The Red Lion occupies a prominent corner block on bustling Beaudesert Road, around nine kilometres from the Brisbane CBD. Simon Thompson and partners bought the pub late 2014 and executed a complete makeover, encompassing the bar, lounge bar,
Peter Cooke and Stephen Beaumont have successfully divested title of their big-format Blazing Stump in another example of the demand for strong commercial assets in Victoria. Occupying 1,780sqm on a 5,708sqm site in the heart of Wodonga, on the Victoria-NSW border, the Blazing Stump is a free-standing single level pub built 1880, operated by Cooke
SALE & LEASEBACK FOR COOKE-BEAUMONT AT BLAZING STUMP Read More »
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western Sydney Wattle Grove Hotel tenanted by National Leisure & Gaming (NLG) to the Maloufs for
Just over a year since he revived the Hampshire and made it a Lady, Paddy Coughlan has listed the inner-west local to chase opportunities in the craft market. Former Riversdale CEO Coughlan took on the lease of Camperdown’s Hampshire Hotel in September 2016, immediately executing a million-dollar renovation of the Parramatta Road pub, which had
COUGHLAN OFFERS UP HIS LADY AS HE EYES FRANK STRONGS Read More »
Public House Management Group CEO Ben Lawler has taken the plunge with his first title in Dubbo’s Commercial Hotel, as vendors Brett Harvey and Greg Pilon pick up a local freehold. Around five hours’ drive north-west of Sydney, Dubbo is a thriving town in the Orana region, reporting around 40,000 locals and eleven pubs. The
LAWLER BUYS FIRST PUB, HARVEY-PILON HEAD TO AMAROO Read More »
The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions up (1.97 per cent). Directors’ valuations during the course of the year saw the book
With one on the market, the Fermanis family has taken an unsolicited offer on title to its Montague Hotel on a tight Victorian return. Recently listing its Abbottsford pub, the Fermanis’ were approached off-market to sell their quaint corner pub The Montague, on 277sqm in well-populated South Melbourne. While the Retreat is being offered as
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