Real Estate

OSCARS WIN TRIPLE 8 FROM GALLAGHERS

Posted on May 4th, 2018 by Clyde Mooney
Gallagher Hotels has offloaded the gaming-focused Triple 8 Hotel in Chinatown to the ever-active Oscars Hotels. Patrick Gallagher bought the operation with a seven-year lease in 2015 from Iris Group for circa $7.25 million, representing the two businesses’ fifth asset

PERTH CORNERSTONE ALE HOUSE FOR SALE ANY WAY

Posted on May 4th, 2018 by Clyde Mooney
The Gastevski Group is offering a unique sales opportunity around its big Cornerstone Ale House in Perth’s growing northern suburbs. The CornerStone opened in 2011 and occupies a 3,144sqm block within the Brighton Estate, proximate to Estate residents as well

GARRY OWEN MOVES TO MEN’S GALLERY

Posted on April 30th, 2018 by Jane Louise
The team behind the Men’s Gallery venues has bought Rozelle’s Garry Owen with plans to capitalise on the potential of the 1920 community pub. The Garry Owen occupies a sizeable 358sqm site on a prominent corner of Darling Street, just

GALLAGHER TAKES SOLOTEL’S CHELSEA CHATSWOOD

Posted on April 27th, 2018 by Jane Louise
Gallagher Hotel Group has welcomed another Sydney north shore pub into the fold, picking up title to Chatswood’s Chelsea Hotel from Solotel for circa $20 million. The Chelsea is a modest local pub on the western side of Chatswood station,

BALMAIN INSTITUTION DICK’S HITS THE MARKET

Posted on April 23rd, 2018 by Clyde Mooney
Elia Economou has been tempted to sale of his beloved Dick’s Hotel, Balmain, as the pub thrives in an evolving precinct. Closely following the news that the landmark Town Hall Hotel is back on the market as a reinvented retail

IRIS PULLS KINGS CROSS DA OVER BACKLASH

Posted on April 23rd, 2018 by Jane Louise
Iris Capital has entered the next stage of its controversial Kings Cross development, by withdrawing the DA widely condemned by local interest groups and enlisting input. In January Sam Arnaout’s development company Piccadilly Freehold submitted plans for a $47 million

BALD FACED HOTEL SALE: LEVY SELLS AND STAYS

Posted on April 20th, 2018 by Clyde Mooney
Marcus Levy’s Marvan Hotels has executed a reversal of fortune, with the sale and leaseback of its Leichhardt pub the Bald Faced Stag. Marvan bought the pub a few years’ ago for circa $4.5 million, with a few potential outcomes

HOTEL FORMERLY KNOWN AS O’SULLIVAN’S HITS MARKET

Posted on April 20th, 2018 by Clyde Mooney
After 20 years creating a local icon, the O’Sullivans are calling time on the pub game, listing their pub long known as the O’Sullivan Hotel. The site of 914 Mt Alexander Rd Essendon has served the community in a variety

CROSS ROADS HOTEL OFFERS NEW DIRECTIONS

Posted on April 20th, 2018 by Clyde Mooney
The big-trading Cross Roads Hotel in the tiny truck-stop town of Tomingley has come to market, offering option of a thriving leased freehold or blank slate opportunity. Tomingley is a town of just 306 souls, that happens to be mid-point

STATELY BRITANNIA COMES TO MARKET

Posted on April 18th, 2018 by Clyde Mooney
Long-serving publicans David Kolevas and Carolyn Trudgeon have put their beloved Britannia up for sale as they ease from pub life into retirement. The couple bought the handsome Britannia more than a decade ago, in the Maryborough suburb of Carisbrook,