Real Estate

BUYERS ‘TUSSLE’ AS HOTELS SELL LIKE HOTCAKES

Posted on August 26th, 2016 by Clyde Mooney
The perfect storm is driving coastal and regional popularity and sharpening yields, and pubs in growth areas have never been more in vogue. Hotel Cessnock is the latest in a trail of assets scooped up by strong operators and prudent

FIGURES SHOW LIGHT AT END OF TURNAROUND TUNNEL FOR LANTERN

Posted on August 24th, 2016 by Clyde Mooney
The demonstrable turn-around of listed pub group Lantern has been seen in the company’s end of financial year report. Having announced plans to execute a formal ‘Transformation Plan’ (see below) at the end of 2015, the resulting changes to revenue

JONES’ CORNER MARKET IN MENTONE PUBS

Posted on August 24th, 2016 by Clyde Mooney
The Bay-side suburb of Mentone will be welcoming new owners to its only pub – the Corner Store – as the Joneses look to keep up with the potential. Mentone is around 20 kilometres south of the Melbourne CBD, and

NEW PETERSHAM INN MAKING WAVES IN WEST

Posted on August 22nd, 2016 by Clyde Mooney
Just eleven weeks into new operations, and the Petersham Inn is finding fortune in cheeky promotions and catering to its target audience. First-time hotelier Bianca McDonald took on the leasehold business in early June, advancing her years in pub operations

SHORT & O’HARA SNATCH TOORMINA FOR $10m

Posted on August 19th, 2016 by Clyde Mooney
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell.

McPHEES RIDE WAVE OF COASTAL PUB LISTINGS

Posted on August 17th, 2016 by Clyde Mooney
Continuing the 2016 run on coastal pub properties, the County Club Hotel is for sale, with pundits expecting another example of sea-change investment by a savvy metro operator. After nearly 30 years’ ownership, the family company of logistic magnate Jay

SURRY HILLS CRAFT BEER ROYALTY COMES TO MARKET

Posted on August 15th, 2016 by Clyde Mooney
As strong market conditions continue to drive sales and purchases of prized pubs, craft beer mecca the Royal Albert is up for grabs. Located in the heart of Sydney fringe Surry Hills, near Central Station, the hotel embodies the beer

PINK PANTHER PUB (AND ZOO) FOR SALE

Posted on August 15th, 2016 by Clyde Mooney
A landmark Stuart Highway pub is on the market – complete with giant stubby of NT Draught, pensive Pink Panther and its own zoo. Barry Sharpe is the 74-year-old publican of the Larrimah Wayside Inn, around 500 kilometres south-east of

HEMMES RESCUES ALEXANDRIA HOTEL IN ‘SPUR OF THE MOMENT’

Posted on August 12th, 2016 by Clyde Mooney
After more than a year of outrage, inner-west residents are celebrating the news Merivale has bought and will reopen the landmark Alexandria Hotel. Development company Centennial Property Group purchased the hotel a couple of years ago, and in the first

PATONGA BEACH HOTEL NEXT BIG-TICKET WATERFRONT SALE

Posted on August 12th, 2016 by Clyde Mooney
Just 18 months after being bought by a local construction company, the idyllic seaside Patonga Beach Hotel is on offer to aspirational operators. Occupying a commanding 1540 m² of water frontage overlooking Patonga Beach, the hotel is just north of