Prominent hotelier Ben May has bought a Paddington ‘hotel’, in which he and wife Lucy will live. The heritage-façade Windsor Castle Hotel, on Windsor Street, has been sold by Rita and Peter Polovin, following an extended project to turn the historic building into one of the Eastern Suburbs’ most prized residential assets. Speaking exclusively with […]
Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney. Built in 1872, the Exchange is one of the oldest pubs in the area and a popular stop for tourists, with 16 accommodation rooms and 15 EGMs, under two hours’
Just two months after the leasehold business was sold to the booming Dixon Hospitality, Gerry Ryan’s Melbourne pub group is offloading the Newmarket Hotel freehold. Situated on a generous 1,000 m² block in bustling St Kilda, the hotel underwent an extensive refurbishment just three years ago, and is leased to Dixon for the next 25
A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought the hotel in Long Jetty for an undisclosed amount. Agents Manenti Quinlan and Knight Frank
The signature hotel of one of Queensland’s holiday meccas has hit the market, prompting a flood of enquiries from “everywhere”. Residing on a strip of sand in the Coral Sea, around 30 kilometres south-east of Brisbane, North Stradbroke Island is home to the uber-popular Stradbroke Island Beach Hotel. Held by North Point Holdings for the
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to Australia’s largest publican, the 75 per cent Woolworths-owned ALH. Already owning 25.84 per cent of
Another prized Sydney freehold has come up for sale, in direct response to market demand. In the heart of the trendy, inner-west suburb of Stanmore, the Salisbury Hotel has targeted “family-friendly”, with strong food and bev trade, gaming and TAB, and a dedicated children’s play area. It is being put to market by Brian Burgess
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside in an area boasting extensive residential growth. St Marys holds a number of strong gaming
The next stage of the massive redevelopment of the old Carlton Brewery site is underway, with the vacant freehold sale of The Australian ‘Abercrombie’ Hotel coming to market. On the corner of Broadway and Abercrombie Street, the heritage hotel has been dormant for a couple of years, but will be revived as part of the
CENTRAL’S AUSTRALIAN HOTEL FOR SALE AMID MASSIVE DEVELOPMENT Read More »
Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of one of the original gastro pub concepts, Damien Pignolet’s Bistro Moncur – has sold for
WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON Read More »
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