Real Estate Archives - Page 176 of 192

OSCARS LISTS ANNANDALE AND CAMPERDOWN HOTELS AHEAD OF ‘BIG PLANS’

Oscars Hotel is parting with two of its city-fringe pubs to hone its focus on other large-format assets. Both located on bustling Parramatta Road, the Annandale Hotel and the Camperdown Hotel suit market appetite for thriving leaseholds with balanced business. Speaking to PubTIC, Oscars general manager Damien Cameron hinted at ‘big announcements’ in coming weeks […]

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REDCAPE PULLING OUT OF FAIRFIELD WATERS DEVELOPMENT

On the Market / Clyde Mooney

Redcape Hotel Group is relinquishing one of its future plans, divesting its Fairfield Waters site to focus on core assets. One of the country’s largest gaming-based hotel groups, Redcape currently operates 26 venues nationally, and is looking for more Sydney freehold going concerns to further the portfolio. Located on a prominent corner in the Queensland

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‘THE EDGY’ BACK ON THE BRINK OF NOWHERE

Redevelopment / Clyde Mooney

A troubled Victorian heritage pub is again under threat as local stakeholders refuse to compromise on making its restoration commercially viable. The Mentone Hotel – colloquially known as ‘The Edgy’ due to its former moniker of the Edgewater Hotel – closed in late 2014 when no new operator could be found. Built 1887, it is

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ALH’S AUSTRAL HOTEL & DAN’S UP FOR GRABS

On the Market / Clyde Mooney

Another ALH plot of gold has come to market, with a private investor offering up the Austral Hotel and adjoining Dan Murphy’s Liquor Barn. Occupying 4,360 m² in the heart of Mackay, the site boasts an exceptionally long 70-year lease to Woolworths to retail liquor and its majority-owned Australian Leisure & Hospitality (ALH) to operate

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BIG TICKET RENO FOR ALH ‘FLAGSHIP’ PUB

Redevelopment / Clyde Mooney

ALH has announced the impending re-opening of its heritage-listed landmark pub, the Crows Nest Hotel. Stage one of the head-to-toe multi-million dollar overhaul of the pub is set to be revealed in a couple of weeks, bringing all-new food and drinks menus, and new spaces including a rooftop terrace. Considered one of the flagships of

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IPO IN THE AIR FOR DIXON HOSPITALITY

Finance / Clyde Mooney

The Australian Financial review reports Dixon Hospitality is one step closer to its rumoured IPO, with another “chunky acquisition” expected to be announced soon. The operation, fronted by father and son team Bruce and Michael Dixon, has been on an aggressive acquisition path since its inception in 2012. Starting as a charter cruise business, it

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PAC HEARS BARANGAROO CASINO ‘CLEAR FAILURE’ AS POLITICS RAGE

Redevelopment / Clyde Mooney

The PAC will decide whether or not to approve the latest design of Packer’s $2 billion Barangaroo Casino, and heard stakeholders including the City of Sydney call for its rejection. Last Thursday the Planning Assessment Commission (PAC) was addressed by parties such as the Australian Institute of Architects, who largely criticised the current proposed design’s

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PELATHON RE-WORK HEADS FOR $100m PORTFOLIO

Finance / Clyde Mooney

Pelathon Group – established by ASX-listed BlackWall Property Funds, who partnered with Jaz Mooney – now has the opportunity to take the re-structured pub group “to the next level”. Pelathon Pub Group (PPG) has held three assets worth around $24 million since 2010, and now has mapped out strategic plans to build this to a

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ILLAWARRA GOLD BOUGHT BY PEAK INVESTMENTS

Property / Clyde Mooney

The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up the portfolio and listed the pub following his purchase last year of the Unanderra Hotel

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NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

Property / Clyde Mooney

One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. The heritage-listed Federation style building sits quietly on the corner of Harris and John Streets in Pyrmont, and was built in the early 1900s. It was originally named The Cooper’s Arms Inn, but

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OSCARS’ TRIPLE PLAY INTO SA

TAX BREAKS ON OLD AND NEW

HISTORIC ROSE CELEBRATES 160 YEARS AND MAJOR MAKEOVER

IRIS WINS APPROVAL FOR ANOTHER STEYNE EXPANSION

CARD SURCHARGE BAN UNDER DEBATE

NO-ALCOHOL BEER TAPPED TO GO MAINSTREAM

Real Estate

OSCARS LISTS ANNANDALE AND CAMPERDOWN HOTELS AHEAD OF ‘BIG PLANS’

REDCAPE PULLING OUT OF FAIRFIELD WATERS DEVELOPMENT

‘THE EDGY’ BACK ON THE BRINK OF NOWHERE

ALH’S AUSTRAL HOTEL & DAN’S UP FOR GRABS

BIG TICKET RENO FOR ALH ‘FLAGSHIP’ PUB

IPO IN THE AIR FOR DIXON HOSPITALITY

PAC HEARS BARANGAROO CASINO ‘CLEAR FAILURE’ AS POLITICS RAGE

PELATHON RE-WORK HEADS FOR $100m PORTFOLIO

ILLAWARRA GOLD BOUGHT BY PEAK INVESTMENTS

NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

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