A syndicate of six investors including Paul Hogan has signed on to buy New Farm’s big Queens Arms Hotel for a reported $21 million. The syndicate is QAP Holdings, headed by Sydney publican Peter Ashelford and businessman Nick Politis – auto industry titan and chairman of the Sydney Roosters. QAP was registered in May, believed […]
Rolly de With has listed his Premier Hotel, boasting plenty of upside and potential in the surging Central Coast market. The Premier was purchased by de With’s Castle Hotels in 2011, in a partnership between the AHA regional representative and another investor. It has been operated under management, with the award-winning Newcastle publican focusing on
Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans under maverick CEO Brad Banducci. The ASX-listed company (WOW) is battling to combat the diminishing
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After four decades at the helm, the 82-year-old owner of Darlinghurst’s Brighton Hotel is calling it a day and has listed the landmark pub for $8 million. Located on the prominent corner of Oxford and Riley Streets, just two blocks from Taylor Square, the Brighton – aka the Brighton Up Bar – has been owned
As the Western Australian government continues its push for greater focus on tourism and service industries, the big-trading Byford Tavern in Perth has come to market. Located on a generous 4,313sqm block on the South Western Highway in Perth’s growing south-eastern corridor, the large-format operation incorporates a large bistro and alfresco area, sports bar, drive-through
Brewing giant Heineken has been given the nod to secure nearly 1,900 British pubs from Punch Taverns. More than two years in the making, the monster deal will see more than 3,200 pubs in the Punch portfolio split between Heineken and Patron Capital, in a total deal worth around AU$650 million. The Dutch brewer, which
Well-known publican Stephen Hunt has bought the Ocean View Hotel in an impulse deal that saw him prepare and take over the pub in just three days. Heading to Coffs Harbour with his boys for a rugby carnival, Hunt got a surprise call from the freehold owner of a pub he had previously looked at
Mal and Debra Russell are parting with their Royal Hotel in Richmond, presenting a famished market one of the best gaming opportunities to date this year. The Royal Hotel occupies a generous 1,760sqm block on the prominent corner of main roads Windsor and East Market Streets, Richmond, where a licensed premise has stood since 1848.
ROYAL RICHMOND TO MARKET HERALDS RUSSELL RETIREMENT Read More »
Perth institution The Library has changed hands for the first time in 34 years, the freehold going concern fetching $4.6 million. Entertainment Enterprises have owned the two-storey freestanding venue in Northbridge since 1983, purchasing it as Hannibal’s nightclub. The group had a growing presence in bar and dining venues, and successful hype and a launch
Justin Hemmes says Merivale has strengthened its northern beaches “destination” portfolio with the $21m purchase of Mitchell Waugh and PHMG’s The Collaroy. Speaking with PubTIC, Hemmes explained how The Collaroy feels like an opportunity he has had before. “I think Collaroy itself is a community that has needs, so the immediate goal is to create
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