The ASX-listed Lantern Hotel Group recently completed a very public exit from the hotel game. PubTIC spoke with CEO John Osborne about the Group’s problems, the subsequent solution, and those jaw-dropping premiums to book value. Emerging from a failed pub REIT created by finance giant ING, Lantern became an owner-operator, with around two-dozen pubs and […]
After more than three decades building a tropical utopia, the O’Neill family is parting with its huge-format Airlie Beach Hotel on the beach. Located 1,000 kilometres north of Brisbane and nearly 300 south-east of Townsville, Airlie Beach is in the heart of Great Barrier Reef paradise, and overlooks Hamilton Island. The prominent Hotel occupies nearly
The purveyors of good time are divesting their newly renovated West Village pub and accommodation in Sydney’s inner west. Well known publican Locky Paech and business partner Dr James Bodel are GoodTime Hospitality. The group has owned and operated the hotel under management for less than three years, purchasing the White Cockatoo through CBRE in
Listed landlord HPI is making hay in the Sunshine state, offering up two of its Coles-tenanted pub freehold investments. Capitalising on the continued bullish market conditions, HPI (Hotel Property Investments) has listed the freehold of its Hotel Allen in Townsville, and Grafton Hotel in Cairns. Both are operated by blue-chip tenant Coles’ Spirit Hotels, which
HPI OFFERS UP COLES TENANTED HOT PROPERTY INVESTMENTS Read More »
The prominent Royal Coach Hotel has been strategically bought by Prince Alfred College, banking a long-term development opportunity. Vendors Hospitality Investments P/L and McCracken Kent Town P/L have divested the three-storey city-fringe Hotel, which features a bar, the Terrace Restaurant, conference and function facilities, 49 guest rooms offering 24-hour room service, an indoor swimming pool
One of Australia’s most legendary pubs – a star of Priscilla Queen of the Desert – is set to kick up its heels and head to market. The Palace Hotel, Broken Hill’s best-known pub, was originally built in 1889 as a coffee house, before getting its licence in 1892. The magnificent three-storey structure was designed
RED HOT & DRAG QUEEN PRISCILLA’S PALACE HOTEL UP FOR GRABS Read More »
The refurbished Kalamia Hotel is on the market, in Australia’s sugarcane capital in north Queensland. Ayr is located about 90 kilometres’ south-east of Townsville, part of the Burdekin Shire, which produces the most sugarcane per square kilometre in the country. The Kalamia Hotel occupies a 3,746 m² block on Queen Street and comprises a public
Hickey and Negas have sold their Grosvenor Hotel in Waterloo for north of $5 million to some industry newcomers looking to get in on the action of Sydney’s thriving inner-west pub scene. Former CCA executive Denis Hickey and businessman Warwick Negus bought the corner pub from Riversdale in 2010, and passively listed it last year
The Town & Country Pubs group is packing up its two remaining pubs, listing its coastal Queens and Tandara Hotels. Queensland-based Town & Country (T&C) is one part of a wider entity that is looking to build a portfolio of capital city pubs, and recognises it doesn’t have the resources to accommodate regional locals. The
Speculation around what is arguably the country’s most talked-about pub group continues, as investment banks look to realise $700m out of Australia’s smokin’ hotel sector. The A-list portfolio that makes up Redcape Hotel Group has been seeking a suitor for more than two years. Its New York hedge fund owners York Capital and Värde have
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