The freehold of North Melbourne’s Castle Hotel has hit the market, as the owners determines the market is right for a sale. Marketed through CBRE’s senior director of pubs Scott Callow, the hotel is being sold with a tenant and with expectations over $3 million. “The vendor has owned the property for around 15 years, […]
North Melbourne hotel hits market amid investor commotion Read More »
After more than a year of speculation, the Bayfield family has officially announced the sale of its iconic Newport Arms Hotel. Having owned the 1880 landmark since 1991, the Bayfields have gradually divested their once golden portfolio, with The Arms undoubtedly the jewel in the crown. In 2012 they offloaded two of their A-grade assets,
Newport Arms hits market as Bayfields sell family jewels Read More »
AHA NSW Group Operator of the Year Gallagher Hotels has divested its Balmain pub, as it focuses on sharpening the edge on other assets. Speaking to PubTIC, Patrick Gallagher explained his group had acquired the former Monkey Bar venue in Balmain as part of the sale of PJ Gallaghers Drummoyne to Iris Group, and never
Gallagher Hotels reshuffles portfolio amid venue fine-tuning Read More »
The Sydney pub market has jumped into 2015, with several quick sales including yet another Iris Group purchase – Riverwood’s Napoleons Hotel. In the Western gaming heartland, Napoleons is the latest of a string of acquisitions for the rapidly growing Iris Group, which is making the most of the current favourable capitalisation and interest rates.
2015 pub market starts hot with another Iris Group purchase Read More »
Two quick purchases by one of the country’s best-performing hotel property owners has set the tone for a hot year in the investment market. After a successful IPO in 2013, Hotel Property Investments (HPI) – the freeholder spin-off of re-structured pub owner-operator Redcape – has snatched up the ALH-tenanted Magnums Airlie Beach and the Coles-tenanted
Red-hot HPI snatches two blue-ribbon Queensland pubs Read More »
CBRE Hotels offices around Australia say pubs will benefit in both trade and value from the wave of development activity taking place around the country. With property sales and developments in Melbourne and Perth reaching new levels of activity, the opportunities and options for publicans have grown, CBRE directors in Perth and Sydney told PubTIC. “Not
A Gippsland publican has enjoyed a big turnaround at his latest pub, and lauds the value of quality tucker and good beer. Taking over the Meeniyan Hotel last June, new owners the Willcocks were planning a new food and beer offering and to use the coming winter period to familiarise themselves with the local market.
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