Sydney stalwart Scruffy Murphy’s Hotel has come to market along with surrounding blocks, representing a big hotel opportunity for the Haymarket site. With a view to large-scale development, the properties at 43-49 and 51-53 Goulburn St and 698-704 George St have been amalgamated to form a 1,238 m² parcel boasting STCA of up to 41 […]
SCRUFFY MURPHY’S & CO SET TO MAKE BIG HOTEL DEVELOPMENT Read More »
A prime Central Coast venue has hit the market, offering a large-format hotel with amazing views and a colourful history. The Coast is located on Iguana Wharf at Gosford, surrounded by water and adjacent to the Pacific Highway and 50,000 passing cars per day. The striking sail-topped hotel restaurant was formerly known as Iguana Joe’s
An old but ‘not heritage enough’ pub in Port Melbourne faces an uncertain future, as authorities quibble over whether or not to protect it from redevelopment. The London Hotel was built in 1861, and has had many embellishments to produce the art-deco styled building overlooking Port Phillip Bay at Port Melbourne. It recently came to
COUNCIL ACROBATICS BUT LONDON HOTEL MAY STILL FALL Read More »
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC he’s “over the moon” about the Calligeros clan taking on his beloved Trinity. “It’s been
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South Fremantle pub asset newly re-positioned by local proprietors Phil Thompson and Ross Macpherson. The pub
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of its turn-around strategies at the hands of the new board of directors hopes to capitalise
LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET Read More »
After the successful introduction of a new tenant, the freehold of the Petersham Hotel has burst onto a market prowled by investors. Located just a few kilometres from Sydney’s CBD, the Hotel possess a coveted 3am licence, bistro, nine EGMs and prominent position on bustling Parramatta Road. It is occupied by operators of the nearby
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John Murphy and CEO John Osborne have led an orchestrated plan to reverse the company’s flagging
LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND Read More »
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted plans to construct a new $7 million venue to be known as the Red Lantern
REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION Read More »
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service solutions” for the hospitality industry. It went on to create its own brand, Beer DeLuxe,
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