Real Estate

ANOTHER SPIRIT BLUE-CHIP TO MARKET IN HEART OF BRISBANE

Posted on April 7th, 2017 by Clyde Mooney
Continuing the run of Spirit Hotels blue-chip Queensland freeholds, the big Waterloo Hotel and tower has come to market. The Waterloo Junction complex in Newstead comprises an historic pub and several retail tenancies, plus upmarket commercial office space. It represents

SPIRIT’S BARRIER REEF HOTEL ON OFFER IN HEART OF REEF

Posted on April 5th, 2017 by Clyde Mooney
Hot on the heels of HPI’s listing of two Coles-leased blue-chip freeholds, another but soon-to-be-vacant Spirit Hotel has come to market, in booming Cairns. The Barrier Reef Hotel occupies 530 m² on the corner of Abbott and Wharf Streets, and

THE DOWNS FOR SALE AS TOOWOOMBA LOOKING UP

Posted on April 5th, 2017 by Clyde Mooney
One of Toowoomba’s favourite watering holes has come to market as its Bundaberg-based owner looks to expand into bigger operations. Thomfield Property Holdings (TPH) owns the Downs Hotel, Drayton, around 130 kilometres west of Brisbane, and operates it remotely under

CHARTER HALL LONG WALE PUB REIT – LONGER AND STRONGER

Posted on April 5th, 2017 by Clyde Mooney
Charter Hall’s pub REIT has stepped up expansion plans, retiring bank debt in favour of a A$200 million US Private Placement note as it chases “sustainable and growing returns” for its investors. The Long WALE Investment Partnership (LWIP), 45 per

ALL QUALITY, AS REDCAPE DIVESTS

Posted on April 3rd, 2017 by Clyde Mooney
As speculation around its own fate continues, Redcape Hotel Group has listed the freehold of one of Australia’s largest accommodation pub assets. The very large-format All Seasons Quality Hotel occupies 3.56 hectares (35,570 m²) on McIvor Highway in Bendigo, around

HOTEL BARKLY SOLD – FOR SECOND TIME IN SIX MONTHS

Posted on April 3rd, 2017 by Clyde Mooney
St Kilda’s famous Hotel Barkly has been sold – for the second time in six months – to new publicans, the owners of the backpacker business upstairs. The popular Hotel Barkly came to market mid-2016, with long-standing operator Simon Lennox

BRIGHTON BEACH PUB INVESTMENT TIPPED TO ROCK MARKET AGAIN

Posted on March 29th, 2017 by Clyde Mooney
Looking to Victoria’s uber-hot investment market, the big block Marine Hotel freehold has returned to sale. In April 2016, automotive entrepreneur Bobby Zagame sold the freehold investment of the Marine to a private investor for a cool $13 million, representing

LANTERN – FALL FROM GLORY AND A 147% WINDFALL

Posted on March 29th, 2017 by Clyde Mooney
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

O’NEILLS PARTING WITH BOOMTOWN BEACH HOTEL

Posted on March 27th, 2017 by Clyde Mooney
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