City-fringe companion the Friend in Hand of Glebe has returned to market, as Marcello Colosimo’s Momento maintains impetus on its north-west expansion. The corner local keeps a large trading footprint and revenue-producing space across two levels. It saw an extensive renovation and refurbishment in 2021. It was purchased mid-2022 by Momento from Wallaby publican […]
Colourful stalwart of Surry Hills the Evening Star has been snatched by the Kospetas family’s cosmic Universal Hotels. The Evening Star holds history attendant with the precinct, once home to media and newspaper tycoons partaking of its liquid offerings. Located on Elizabeth Street opposite Sydney’s Central Station, it is on the doorstep of the new
Aspiring hotelier Jon Adgemis has reportedly finally locked in the $400 million refinancing to save Public Hospitality Group, as lenders mandate management and a Masterchef joins the project. According to sources in finance, Deutsche Bank and other lenders have executed a refinancing deal on around two-dozen assets in the Public (PHG) portfolio. Deutsche was
Dave Tomic’s bellicose Black Rhino has chased down another prized local in Millicent, adding the Grand Hotel to the growing portfolio. The elegant two-storey Grand Hotel, built in 1900 in the Federation style from local sandstone, is the most recent hotel to inhabit the town, behind the only other two nearby pubs, the Somerset and
Lancer Group’s Royal Hotel in regional hub Tumut is being sold with plenty of blue sky, as investor owners in Sydney look to consolidate. Residing on a substantial 3,250sqm, the Royal is a classic two-storey brick structure built in 1854, with a full-length balcony overlooking Tumut main drag Wynyard Street. The pub provides a large
Recent freehold sales in the Victorian capital signify the resurgence of activity in the market as sharp yields reflect both investor and industry interest. The freehold interest in the Cornerstone Hotel of Port Melbourne transacted in recent weeks at a confidence-inspiring yield of 4.50 per cent. Built 1860, the staunch two-storey Georgian brick pub reflects
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The Fanatical Warren Livingstone has sold his booming Captain Cook of Botany to Kent Walker for twice the purchase price four years ago, as the south Sydney precinct’s ship comes in. Established as the Captain Cook Inn in 1880 on arterial Botany Road, the large suburban watering hole enjoys a prominent retail position with plenty
Landmark ‘precinct’ pub Bells has come to market, Sam Tresise presenting what is likely to be one of the most contested offerings of 2024 in the tightly held Victorian market. A mainstay institution of South Melbourne, since 1874 Bells Hotel has resided on a commanding corner of the busy junction of Moray and Coventry streets,
Ben McBeath and new partners have taken on Darlinghurst’s storied East Village Hotel, as Locky Paech’s outfit looks to the next move. Located on the high-profile corner of Liverpool and Palmer Street in Darlinghurst, the former Tradesman’s Arms was built at the conclusion of WWI, in 1918. It became known as The Bloodhouse in the
Bruce Mathieson has sold the intrepid Captain Cook Hotel for around half what he paid two years ago, recycling the gaming credentials as the prominent Paddington pub goes into drydock. The four-storey Federation-style Captain Cook was built in 1914, overseeing the intersection of Flinders Street and Moore Park Road. It has long been a stop
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