The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) – the high-value assets enjoy long leases to the Woolworths-backed blue-chip tenant, Australian Leisure & Hospitality […]
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It offers multiple bars and dining services, a gaming room with 21 EGMs and 199 four-star
PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE Read More »
The Laundy Group continues its growth into growth areas, buying yet another Central Coast hotel to fit into its “jigsaw”. The Settler’s Tavern is close to the West Gosford commercial hub, central to the town’s 13,000 business and 65,000 employees. Gosford itself is home to around 170,000 people. Previously owned by well-known former AHA President
LAUNDY BUYS SETTLER’S TAVERN ‘PIECE OF THE PUZZLE’ Read More »
The future of the Redcape portfolio has taken another step, as the Moelis-Meers partnership progresses in its race to own its 26 pubs in New South Wales and Queensland. The Australian Financial Review reported that Moelis and Redcape have signed a heads of agreement, allowing the next step in the due diligence process. Redcape is
It’s business as usual and business is good at Australia’s largest pub landlord, which has just posted a rosy outlook and profit lift as it continues to “focus on quality”. ALE owns the freeholds to 86 properties, exclusively leased to the country’s largest publican, Australian Leisure & Hospitality (ALH). The pair have largely pioneered the
“WE KEEP TO A SIMPLE RECIPE” – ALE TALKS LATEST PROFIT RESULTS Read More »
Solotel is executing another big-ticket sale and lease-back, divesting the dirt at its Albion Hotel in Parramatta amid booming opportunity. After 30 years owning the generous 3,000 m² block on George St, facing the Parramatta river, Bruce Solomon has put the land up for sale with a Planning Proposal that could see a 50-100 metre
Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs, acquired a Townsville Casino, and divested freeholds to focus on hospitality business opportunities. It currently
KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE Read More »
Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest. “Two down, 22 to go,” said the head of Balmain Pub Group, which now counts
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long Jetty, the Laundys have purchased the only hotel in Tea Gardens – the Tea Gardens
A Sydney publican is divesting his booming Surfer’s Paradise pub, as Queensland hotel assets greet a thirsty 2016 market. George Fleming has owned Melba’s on the Park for a number of years, and following its massive reinvigoration has determined to test the market for the top-performing tourist town hotel. Located just off the Gold Coast
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