ATO FALLS ON VIRTICAL
The strings are unravelling on the rise and fall of the skyrocketing Virtical Group, as the ATO unleashes the first of what could be many fines for improper tax claims. An audit, which is the first to emerge from what
GILLIGAN’S FGC SETS OFF ON MAIDEN CRUISE
FNQ hospitality icon Gilligan’s has officially hit the market, offered as a freehold going concern for the first time. Situated in the heart of Cairns, at the gateway to Australia's famous Barrier Reef, the award-winning business is an “adventure destination”
RECEIVERS SNATCH VIRTICAL’S JUST SOLD REPUBLIC
Receivers have taken control of the Republic Hotel in Sydney’s CBD only days after Virtical signed to sell the property to Chris Thomas for a major loss, and as the group is accused of not paying staff Super. Under the
FAMILIES LIST FITZROY FREEHOLD
Melbourne families have listed Fitzroy’s multi-level Hotel Fitzroy, tipped to attract investors and owner-occupiers. Located minutes from the Melbourne CBD, opposite the Atherton Gardens estate, the pub is surrounded by entertainment precinct bars, restaurants and shops, seeing high pedestrian traffic
VIRTICAL RULE OUT THE REPUBLIC
In the spotlight developer Virtical has offloaded the Republic in the Sydney CBD to industry veteran Chris Thomas for a significant loss. After bursting into the picture in 2023, spending over $125 million in a matter of months including more
PUBLIC HOSPITALITY CREDITORS TAKE FIVE
The party is winding down for Jon Adgemis’ Public Hospitality Group (PHG), as a major lender calls in receivers and managers on five venues in the collection. Last week FTI Consulting’s Vaughan Strawbridge and Joseph Hansell stepped in, under security
AVC MOVES INTO HALLMARK
Weighing into the recent return in pubs activity, Australian Venue Co has struck its first major deal under its new majority owners, buying 10 venues from Hallmark Hospitality in SEQ. The Melbourne-based group has paid around $50 million for the
HOSTPLUS AND CHARTER HALL TAKE A SHOT AT HPI
Listed real estate investment powerhouse Charter Hall and teamed again with Hostplus to attempt a takeover of the country’s last remaining listed pub landlord, Hotel Property Investments (HPI). Charter Hall Retail REIT (Real Estate Investment Trust) touts its interest in
FRANCIS GROWS WITH REDCAPE’S WATTLE GROVE
The Redcape reshuffle rolls on with the group’s twice-owned Wattle Grove Hotel becoming the next step in the northward expansion of Melbourne-based Francis Group. This is the second Redcape Hotel Group (RHG) acquisition by the southerners, headed up by Tom
REDCAPE OFFLOAD VAUXHALL TO ORION
Redcape has continued the portfolio hygiene with divestment of the Vauxhall Inn at Granville to the growing Orion Hotels. Established in 1852 on a corner of Parramatta Road, the two-storey heritage-listed hotel was rebuilt in the 1930s in the distinctive
