The idyllic beachside Indian Ocean Hotel has hit the market after 30 years’ operation by a local family. Following the passing of the father and long-time publican, his sons determined the best way forward was sale through independent managers and HLB Mann Judd was appointed to execute the divestment. “After the death of the majority […]
BEACHSIDE HOTEL HITS MARKET IN BEAUTIFUL SCARBOROUGH FAIR Read More »
After nearly two decades and “a very emotional decision” Ray Reilly is parting with his beloved Surry Hills stalwart, Trinity Bar. Located on Crown Street in the heart of city-fringe Surry Hills, Trinity Bar is a local favourite bought by the “fresh off the boat” Irishman Ray Reilly back in 1998. “I was only 21
Australia’s most dynamic pub real estate investment trust is offloading one of its prime Coles-tenanted assets while the investor market runs hot. Hotel Property Investments (HPI) is the ASX-listed REIT (Real Estate Investment Trust) that was spun out of the former Redcape portfolio in late 2013. HPI currently holds 44 properties across Queensland and South
As the hotel sector continues to shine amongst investment options, Melbourne CBD commercial real estate is seeing unprecedented yields on strategic properties. Luxury car dealer Bobby Zagame has divested another A-grade freehold at a bustling auction last Thursday. The Marine Hotel in Brighton holds 50 gaming machines, and fetched $13 million at a sharp yield
The ASX-listed Lantern Hotel Group has listed another “non-core asset” as it executes plans to overhaul its disjointed portfolio. Situated on a prominent corner in the heart of Bowral, the largest town in the NSW Southern Highlands, the Bowral Hotel is a local landmark. Lantern Hotel Group (LHG) is currently executing plans to divest elements
LANTERN STREAMLINES FURTHER, LISTING HIGHLANDS LANDMARK Read More »
The Kelly family’s plan to subdivide and sell off the rear of the Brookvale Hotel has resulted in a developer paying $15 million for the northern Sydney block. The Kelly’s own a number of hotels in Sydney, and several years ago sought and finally gained approval to split and develop a large section of the
Much lauded and super-fit hotelier Stephen Hunt has unveiled to PubTIC plans for his latest acquisition in one of NSW’s growth corridors. Located on a busy intersection of the New England Highway, on tourist route A43 out of Newcastle, the Rutherford Hotel is the third pub for family-run Hunt Hotels portfolio. Seizing the opportunity, owner
The freehold interest of Redcape’s Cedars Tavern has hit the market as the owner looks to expand his operational portfolio. Amid a distinct shortage of such freehold investments, the sprawling 12,010 m² plot in Emerton houses the top-50 gaming pub and a McDonalds. Redcape is arguably the country’s top gaming operator, holding the NSW #1
Balmain Pub Group is divesting its popular Erskineville pub as it looks to further large-format venues for its growing portfolio. The listing of the Swanson Hotel comes as Sydney’s inner-west continues its emergence as the food & bev hub of the city. Recent nearby sales of the Salisbury and Newtown hotels for north of $8
INNER-WEST SWANSON HITS MARKET AS BALMAIN EXPANDS Read More »
Keystone continues its directional shift, with the listing of the iconic Cargo Bar in Darling Harbour. Following unsolicited approaches for the Newtown Hotel, Cargo Bar and its sister venue Bungalow 8, The Keystone Group (TKSG) underwent a strategic review that subsequently saw the sale of the Newtown pub to Colonial Leisure Group and now the
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