Plenty of big names were amongst the crowd that overflowed the auction room of Ray White yesterday for sale of the top-billing Tennyson Hotel and regional stronghold the Figtree Hotel. The auction began with Wollongong’s Figtree, possessing a huge 9,300 m² site and development potential including recent rezoning to Band 3. Currently operated by the […]
AUCTIONS SOAR: TENNYSON TO MERIVALE AND FIGTREE TO DENFISH Read More »
Another Sydney buyer has bought the very large-format Acacia Ridge Hotel for a top-tier sum from Sydney-based Peter Calligeros and partner Steve Farley. Billed as one of Queensland’s biggest hotels, the Acacia occupies 18,450 m² with development potential, on busy Beaudesert Road. The south-west region of Brisbane is experiencing unprecedented growth, including the upcoming $600
After a dozen years’ tenure, husband and wife team Jeff and Suzanne Marshall have listed their picturesque Metropolitan Hotel for an ‘E’-change, back to where they met. Jeff and Suzanne first met in her home of England, but came to live in his home of Melbourne. They bought the lease of the charming old Metropolitan
MELBOURNE ‘DEFINITIVE’ TO MARKET AS COUPLE HEAD TO UK Read More »
An innovative Brisbane publican is moving on to “push the boundaries” – divesting his highly successful Alfred & Constance and Limes Hotel businesses. Since its launch in 2008, Alfred & Constance (A&C) has become one of Brisbane’s best-known pubs. It resides in two old timber ‘Queenslanders’, and includes eateries Alfredo’s Pizzeria and Kwan Brothers. A&C was
ALFRED & CONSTANCE GO TO MARKET AS GRIFFITHS MOVES ON Read More »
The pub fund play to sell in a hot market has attracted another big name with Australian Pub Fund (APF) and Riversdale listing two of the best in time for Christmas. The dollar nous behind APF is comprised of business celebrity John Singleton, former Qantas boss Geoff Dixon and investment banker Mark Carnegie, who launched
RIVERSDALE’S AUSTRALIAN PUB FUND READY TO CASH OUT Read More »
The Lantern pub flood continues as the listed entity puts its high-ranking Waterworks Hotel to market. While the procession of sales into a market short of supply have seen immense interest by operators eager to optimise the assets, few have offered the potential of the Waterworks, in the heart of the robust Botany LGA. The
FINAL COUNTDOWN BEGINS AS WATERWORKS HOTEL LISTED Read More »
Lantern has sold its best yet to former Wallaby Bill Young, in a swift campaign fetching another big premium at nearly $29 million. Coming to market less than two weeks ago, the ASX-listed Lantern (LTN) has announced the sale of prominent Five Dock Hotel, for $28.75 million. This is an enticing 38 per cent above
As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a designated growth area slated to see 33,000 new homes in coming years. Lantern’s (LTN) announced
As investor attentions continue in high-performing regional landmarks, the Auswild family is divesting its long-held Figtree Hotel, managed by the Waugh Group. Siblings Barbara and James Auswild own pubs including the Rose Bay and Wollongong’s big Figtree. The large-format pub sits on a 9,300 m² block on the four-lane Princes Highway, close to the CBD,
Hot on the heels of highly profitable divestments, Lantern has listed its best pub onto the opportunity-starved market. After 12 months of shedding assets, in pursuit of a turnaround strategy that has transformed into a complete sell-down as market frenzy brings about premium prices, the top-ranked Five Dock Hotel is due to be the last
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