Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and Victoria – mostly leased to ALH. The Seaford Hotel and Royal Hotel in Melbourne suburbs […]
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus on gaming (see venue rankings below). The Group is owned by York Capital and Värde
One of Australia’s biggest pub operators, Bruce Mathieson, has sold a Brisbane CBD accommodation hotels to a Singapore investor for $29.5 million. The 13-storey 99-room Rendezvous-branded hotel sold in an off-market transaction through Knight Frank’s Justin Bond and Tom O’Driscoll. It is located opposite the city’s heritage precinct – which is currently under tender for
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54 freeholds tenanted by the Woolworths-backed ALH, another $200 million was recently raised for LWIP 2
The O’Hara family have parted with their Nags Head Hotel – selling with “mixed feelings” to high-flyer Geoff Dixon. After 15 years that have seen mum the licensee, all seven kids working within, and both Dan and his brother having met their wives at the pub, the O’Hara family has worked hard to keep the
The Bayfield family has swooped on Paddington’s Light Brigade to launch “a new chapter” in their already long pub history. After eight years at the helm outgoing owner Dean Haritos has divested the freehold going concern citing other interests, in a deal sources say was worth around $9 million. For the incoming, it represents the
After three decades, the Woodward family has parted with their “Green Roof” hotel. Located in the west Newcastle suburb of Hamilton, Woodey’s Hamilton “Green Roof” Hotel has sold at auction for around $3.6 million to local operator Russell Richardson. Built by Tooth and Co in 1936, the popular local haunt is the (self-confessed) “best country
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Thomas Hotels has swooped on Ben May’s Central Tavern, bringing the Surry Hills pub into its local portfolio. George Thomas’ group already operates the Madison and GT’s Hotel on Devonshire Street, and has bought the Central across the road for around $10 million. Located just outside the infamous ‘lockout zone’, just 50m from one of
The baton has passed on a southern Sydney landmark pub, as its builders and six-decade operators “end an era”. The Durkin family built the Jannali Inn in 1958, and have run it ever since. The building includes retail space and development potential on a generous block. It has been bought by JDA Hotels’ John Feros
A well-backed up-and-comer has grabbed Feros’ Panania Hotel in a hot market deal worth nearly $15 million. Following a sustained effort to find a complementary venue for his Top 5 gaming pub, the Railway Hotel in Lidcombe, Mark Malloy has picked up the Panania Hotel in the final hours of its EOI campaign. Speaking to
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