Bruce Solomon’s Solotel has achieved its second big-ticket sale and lease-back, settling on a bid of $60 million for the land holding of its Albion Hotel in Parramatta. The generous 3,135 m² block on the corner of George and Harris Streets overlooks the Parramatta River and Queen’s Wharf Reserve, and is zoned B4 mixed use. […]
The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW Central Coast aquatic playground Lake Macquarie, around half an hour’s drive south of Newcastle. It
Locals in Hurlstone Park are complaining about a Canterbury Council decision to allow Iris Capital to construct a mixed use six-storey apartment complex on the site of the old Grumpy’s Hotel. Iris bought Grumpy’s in 2014 for $11 million, and in time submitted plans to demolish the pub to build the multi-level ‘Wattle Hill’ development.
LOCALS CHOOSE GRUMPY OVER IRIS’ REBUILD OF HURLSTONE PARK HOTEL Read More »
Geelong star Billy Brownless has bought the Cremorne Hotel in his old team’s heartland from long-time owner Grant Ryan. Located at 336 Pakington St, Newtown, the Cremorne boasts a large bar, beer garden, TAB and Keno, lounge and function areas and thriving food operation. It has been operated for the past 14 years by Grant
Pub giant and active transactor Arthur Laundy has quashed rumours he is close to buying the $700 million Redcape portfolio. As the Australian pub industry waits with bated breath the fate of the New York hedge-fund-owned collection of big-performance gaming hotels, The Australian reported Laundy and Theo Karedis “wading” into the race. PubTIC spoke to
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual rental increases around four per cent. Located just outside the Adelaide CBD, the 7,887 m²
The compelling Lantern Hotel Group has put to market one of its final non-core hotels, as it asks shareholders to ponder selling up the lot. The 150-year-old Commodore Hotel – originally the First Old Commodore, and rumoured favourite haunt of Henry Lawson – is a modern two-level pub in McMahon’s Point, beside the bustling North
COMMODORE SETS SALE AS LANTERN PLOTS COURSE FOR EXIT Read More »
A 139-year-old pub in Port Melbourne has lost another battle in the attempt to save it from the wrecking ball. Plans by the freehold owner, a development company owned by Gary Busuttil, to demolish the pub to construct residential apartments have been fought by local residents, the Port Melbourne Historical and Preservation Society, and Council.
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford Street scene, and former Top-100 gaming venue, with 30 EGMs including 15 valuable permits. The
St Kilda’s popular Elephant & Wheelbarrow has come to market, as long-term owners take the opportunity to concentrate on other pubs. Located near the St Kilda foreshore, the Elephant & Wheelbarrow is a landmark local, on a prominent corner of Fitzroy Street in the popular tourist district. The pub holds a late-trading licence and commercial
A product of The Information Collective
ACN. 603 201 109
ABN. 21 603 201 109
