After weeks of speculation, Sand Hill Rd have finally confirmed their purchase of the iconic Esplande Hotel – The Espy – taking on the challenge of reviving one of Melbourne’s cultural institutions. The five-level building graces The Esplanade, St Kilda, and was once a resort mecca for the wealthy and famous. Facing west over Port […]
The elegant Empire Hotel will go to auction later this month, with the somewhat tired Victorian pub presenting plenty of options. The two-story Empire, located on Railway St in Kurri Kurri, formerly a pit-stop on the highway going west from Newcastle, was built circa 1900 and one of the first for the area, licensed in
Continuing the wave of hot transactions, the biggest for two years has gone down, with the top-ranked Coolibah Hotel in Merrylands selling for around $40 million. The very private family-run Vlandis group, led by Peter Vlandis and his son-in-law Michael Samios, operate several western Sydney pubs, including Bankstown’s popular Three Swallows Hotel. Recognising market opportunity,
In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican Nelson Meers, and is close to a deal for the complete portfolio for an Asian-backed
MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY Read More »
After several years in the wilderness, Richmond’s iconic Rising Sun Hotel is coming back to life – reassured of remaining part of Melbourne’s hotel landscape. Pat Reardon (Sr) bought the leasehold business in the late 90s, furthering the family’s history in the Melbourne pub scene that began in the early 60s. The end of the
In a stock-starved market where strong regional pubs are becoming the ‘new black’ – two more Sydney-satellite freeholds will soon test the waters at a group auction. Murphy Hotels is putting up the large-format Belmore Hotel, dominating Maitland’s main street. The Art Deco building has recently seen a $2.5m facelift, modernising the business while retaining
BELMORE AND UNANDERRA JOIN BIG HOTEL AUCTION DAY Read More »
After 75 years in the family, Scott and Casey Cronin will soon bid a reluctant farewell to their historic Mirani Hotel. Mirani is a town in the heart of sugarcane country, a transport hub mid-way on the Mackay to Eungella highway, on the rail line that bears its name built in 1885 to transport crops.
After shelving its mooted IPO, Dixon Hospitality Group is rumoured to be in talks with private equity buyers – including KKR – the company that sank Keystone. Dixon Hospitality Group (DHG) has hinted at plans for an Initial Public Offering almost since it burst into the Australian hospitality spotlight with meteoric expansion courtesy of a
High-profile pub ‘The Eli’ plus land package have come to market as the Apple Isle strides into its tourism boon and its builder owner needs a break. The large-format Elimatta Hotel sits on the banks of the Mersey River, adjacent to the dock of the two Spirit of Tasmania ferries that come to Devonport, on
UPDATE: Stonequarry Creek and Mother Nature have brought to market the historic George IV Inn at Picton, as the Maloneys set off to tackle their insurance woes. As reported in January, extreme weather on 5 June last year saw the usually mild Stonequarry Creek in Picton rise up and flood through the George IV –
HISTORIC PICTON PUB TO MARKET FOLLOWING INSURANCE FAIL Read More »
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