The acquisitive Pelathon Pub Group has swooped on a Lake Macquarie local as it eyes new candidates for its proven turn-around management. Pelathon (PPG) is a partnership between the ASX-listed BlackWall Property Funds and long-time operator Jaz Mooney. In April of this year it announced intentions to take the re-structured pub group “to the next […]
One of Sydney’s best-known hospitality operators has seen receivers called in to “pursue a sale process” after financial strain and lockout laws took too high a toll. The Keystone Group (TKSG) was formed in 2000 around well-run good-time food & bev venues, with founding partners stemming from several existing pub dynasties. Around two years ago
After 30 years running the Hotel Kempsey, the Gavrilis family has listed the historic property ahead of plans to exit the pub business. The Gavrilis family took on the 1880s pub in 1987, and has been proudly keeping it “all about Heritage and Hospitality” ever since. But patriarch Peter Gavrilis cites favourable market conditions and
After weeks of speculation, Ray Reilly has revealed his successful purchase of the Sydney Park Hotel, and says first and foremost it will “remain a pub”. Reilly is the owner-operator of inner-west mecca The Henson, in nearby Marrickville, and recently sold his beloved Trinity Bar in Surry Hills, citing the need for a new “passion”.
Abbotts Hotel Waterloo has quietly unveiled a renovation and foodie drawcard owner Bill Smith has aimed at the “sweet spot” for pubs, in the moving target of patron expectations. The relentless march of the foodie to re-invented gastro pubs has become almost militaristic in the fringes of Sydney, as revellers rejoice in sensibly priced meals
FOODIE WEAPON FOR SYDNEY PUB KEEPING UP WITH TIMES Read More »
Hot on the heels of Lantern’s testing the waters in Bundaberg, popular local The Club Hotel has turned up to offer buyers choice and scale in the blossoming Queensland market. Club Hotel occupies a 1,091 m² site in Bundaberg, boasting a public bar, cocktail lounge and popular bistro, 22 EGMs, function spaces upstairs, kids play
Lantern’s divestment and turnaround marches on, with Sydney-based hotelier Andrew Lazarus snapping up the Beaumont Exchange for a tidy sum. Located in one of the best regions of NSW’s second-largest city, Newcastle, the Exchange is a diverse business with significant opportunities for upside. “It represents great value,” Lazarus told PubTIC of the $6.625 million sale
One of Tamworth’s favourite watering holes has hit the market, with the vendor hedging bets on the future of the local landmark. Tamworth has a population around 48,000, and is located mid-way between Sydney and Brisbane. It is home to the annual Tamworth Country Music Festival, which is reputed to be the second-largest in the
Maryborough historic Engineer’s Arms is up for sale following an extensive restoration by former local Councillor Anne Nioa. Maryborough is just south of Hervey Bay, and home to the ‘World’s Greatest Pub Crawl’, attracting thousands of locals and visitors to make the pilgrimage around its dozen watering holes. The Engineer’s Arms was purchased by a
ASX-listed Lantern Hotel Group reports it is on track to turn around, now listing its final Queensland pub as per its strategic divestment of non-core assets. Last week it put to market its freehold interest of Cairns’ iconic Courthouse Hotel, and now begins completion out of Queensland with the freehold going concern of Bundaberg’s Central
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