The historic and sprawling Bull & Bush Hotel will see the wrecking ball, after Council voted in favour of Sydney-based developer Dyldam’s plans to demolish it and build three residential towers. The corner site of Windsor and Seven Hills Roads saw a hotel first built in 1810, known as The Lamb & The Lark. It […]
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent premium to the 30 June book value. Uncle Buck’s in Mount Druitt fits neatly into
DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB Read More »
The Collector Hotel in Parramatta has come to market boasting lessee assets in the town of opportunity. Parramatta is alive with development activity, hosting the lion’s share of building sites that have seen Sydney leading the record-breaking crane count across the country, rising 23 per cent in the last 12 months alone. The Collector occupies
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially starved of top-ranking gaming pubs. Located on Botany Rd, a stone’s throw from Sydney’s Mascot
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The Keystone Group (TKSG), which fell into receivership in June after falling foul of debt covenants
DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE Read More »
The palatial Palisade Hotel – described as the “Jewel of Millers Point” – is back on the market. The iconic Palisade Hotel in Millers Point went to market in March, 2015, following a top-dollar renovation to revive it after being dormant and closed for nearly seven years. Its location boasts unrivalled views from near Observatory
As anger rages over one illegal demolition, Adelaide’s famous Crown & Anchor is under threat beneath the spectre of a $50 million development next door by its new owner. South Australian developer Karidis Corporation purchased the heritage-listed hotel, established in 1853, from Adelaide pub operators Fahey Group. Karidis Corporation already owns the land adjacent to
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the mandated turnaround strategy for the flailing company, achieving an 18.5 per cent premium to book
Con Cayas is a veteran of hospitality design, boasting over 20 years’ experience in the Queensland marketplace. He moved from director and partner at a mid-sized Brisbane practice and founded Cayas Architects back in 2009, and worked in projects throughout Australia in retail, residential, commercial and hospitality. Cayas wrote to PubTIC, offering his perspective on
DESIGNING FOR EFFICIENCY, DIFFERENTIATION AND LONG-TERM Read More »
The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major redevelopment and refurbishment of both the site and structure. The new offering included multiple bars
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