Yet another of the State’s top gaming pubs has sold in another show of force for the pub and gaming industries. John Feros’ JDA Hotels has grabbed Mascot’s Tennyson Hotel for around $27 million as the national pub market continues to sizzle. Listed in OLGR’s most recent report as #94 gaming pub in NSW, the […]
One of regional NSW’s best-loved pubs has come on the market, amid high market expectations. John Hussey is putting his Romano’s Hotel up for auction to concentrate on his businesses in his home State of Queensland. NSW’s largest inland city, Wagga Wagga is home to over 60,000 people and a hub for agriculture, transport and
The acclaimed Terminus Hotel has come on the market as its long-term operator calls end to an “amazing journey”. Driving the Hotel since 2004, Russell Griggs says the Melbourne pub scene has changed dramatically in the past eleven years, and while he has enjoyed reviving the Terminus, his heart is elsewhere. “The Terminus has been
The original ALH listed landlord tips a “positive” future amid higher profit distribution and continued “operating profitability” across much of its pub portfolio. ALE Property Group last week released its Annual Review, Annual Report and Property Compendium 2015, detailing finances emanating from the 86 pubs it owns and leases to the ever-strengthening Woolworths-backed Australian Leisure
The heart of a regional hub in WA has hit the market, with the 200-room Newman Hotel likely to attract big interest for a small town. Around 1200 kilometres north of Perth, the town of Newman is slated by the State Government for expansion over the next two decades that will see it go from
Australia’s biggest publican has won the right to invest in the future of Queensland hospitality, with a massive overhaul approved for its historic Toowoomba pub. After lodging an application for a ‘material change of use of premises and land’ in February, Toowoomba Council sought advice and this week ruled in favour of Australian Leisure &
The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced the sale of the Warwick Farm former top-100 gaming pub for $24 million to a
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a top performer in Sydney’s gaming heartland – situated on the border of Fairfield and Liverpool.
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent a $4 million renovation, adding a rooftop bar overlooking the Sydney skyline and a refreshed
PADDINGTON LANDMARK SELLS TO NEW WAUGH FAMILY PUB GROUP Read More »
Peter Beaumont’s Fernwood Group has put its Balmain landmark up for grabs, offering “development potential” to the hungry investor market. The 1885 Exchange Hotel is located on a 640 square metre corner block in the heart of uber-trendy Balmain. The freehold going concern will go to auction 20 August. The Hotel has submitted plans to
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