Just eleven weeks into new operations, and the Petersham Inn is finding fortune in cheeky promotions and catering to its target audience. First-time hotelier Bianca McDonald took on the leasehold business in early June, advancing her years in pub operations with a commitment to the Parramatta Road business. A pragmatic new mother to a seven-month-old […]
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell. The Hotel is within the thriving Toormina Shopping Centre, boasting anchor tenants Woolworths, Coles and
Continuing the 2016 run on coastal pub properties, the County Club Hotel is for sale, with pundits expecting another example of sea-change investment by a savvy metro operator. After nearly 30 years’ ownership, the family company of logistic magnate Jay McPhee is offloading its Country Club pub in tourist-focused Shoal Bay, built by the Randal
As strong market conditions continue to drive sales and purchases of prized pubs, craft beer mecca the Royal Albert is up for grabs. Located in the heart of Sydney fringe Surry Hills, near Central Station, the hotel embodies the beer diversity and on-trend stylings of what has become known as a craft beer pub. It
A landmark Stuart Highway pub is on the market – complete with giant stubby of NT Draught, pensive Pink Panther and its own zoo. Barry Sharpe is the 74-year-old publican of the Larrimah Wayside Inn, around 500 kilometres south-east of Darwin. He moved to the “whistle-stop” town around 25 years ago and ended up running
After more than a year of outrage, inner-west residents are celebrating the news Merivale has bought and will reopen the landmark Alexandria Hotel. Development company Centennial Property Group purchased the hotel a couple of years ago, and in the first half of 2015 lodged an application to demolish the popular local to make way for
HEMMES RESCUES ALEXANDRIA HOTEL IN ‘SPUR OF THE MOMENT’ Read More »
Just 18 months after being bought by a local construction company, the idyllic seaside Patonga Beach Hotel is on offer to aspirational operators. Occupying a commanding 1540 m² of water frontage overlooking Patonga Beach, the hotel is just north of Sydney’s prized Palm Beach, across the Hawkesbury River and Pittwater. Scape Constructions, headed by local Holgate
PATONGA BEACH HOTEL NEXT BIG-TICKET WATERFRONT SALE Read More »
Amid a shortage of Sydney freehold opportunities, the Duck Inn has swanned onto the market with plenty of upside. The two-storey Duck Inn was built on 364 square metres of then very working class Chippendale, in around 1895. The suburb is today one of the fastest growing city fringe precincts, and a stone’s throw from
ALE EOFY results saw dividend increases and prosperity predicted to arise from growth and opportunities in partnership with ALH – backed by flustered supermarket giant Woolworths. In days since the announcement (ASX: LTN) ALE’s securities have remained steady around $4.34 – trading at a healthy 71 per cent premium to their underlying value of $2.53.
Riverina landmark Romano’s at Wagga Wagga has transacted following rekindled negotiations with previous suitors. Long-time operator John Hussey determined to test the market for a sale mid-2015 and again in 2016 through Chris Tinning & Co. While a purchase price was not agreed, a number of interested parties did emerge. Alan Hayes of Hayes Advisory
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