One of the country’s busiest pub groups has revealed plans for a massive redevelopment of its “County Bondi” landmark. The Cock n Bull – aka the Grand Hotel – could see a medium-rise development in Iris’ trademark style, with retail, accommodation and residential space slated to join the prominent corner pub. A Development Application to […]
IRIS GROUP’S LANDMARK BONDI HOTEL SET FOR $17m MAKEOVER Read More »
As the Sunshine State property market continues to heat up, the popular Surfair Beach Hotel is testing the waters. Like the other eastern States, Queensland is experiencing major development, particularly in areas that benefit from the booming tourism industry and low Australian dollar. Amid the opportunity, sources told PubTIC the private local owner of Marcoola’s
SURFAIR’S UP AS SUNSHINE PROPERTY GROWTH CONTINUES Read More »
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris paid too much for intentions to continue operation in its current form, and reported “sources”
One of the most acquisitive pub groups of 2015 has burst into NSW with the purchase of the Drink’n’Dine portfolio. After rapid expansion including the lump purchase of all 17 pubs and head office operations of Open Door Pub Co (ODPC) in September, Dixon Hospitality Group (DHG) has made good on its plans to move
DIXON GOBBLES DRINK ‘N’ DINE TO BEGIN NSW EXPANSION Read More »
Pub baron Mazen Tabat has continued his quest to become Colonial Leisure Group’s landlord, buying the Portsea Hotel freehold for $17.1 million. The Herald Sun reported the sale yesterday, which transacted in the first half of 2015 and settled in November. The hotel adds to Tabat’s portfolio of CLG pubs, and the sharp yield bricks
News is emerging of a new pub group with deep pockets, amid the announcement the Waugh family has sold the Banksia Hotel and the Belmore Hotel. Quietly entering the industry with the recent purchase of top-100 gaming pub the Belmore Hotel, the Singapore-based fund behind the money has backed up the play with the acquisition
A popular late-trader in thriving Bendigo has hit the market, as brother and sister owners call time on decades in hospitality. Andreas and Alysia Bazzani opened the Black Swan Hotel in 2001, which incorporates The Perch nightclub and The Icon Bar. One of only three hotels licensed until 5am, after a 2008 Bendigo bylaw prohibits
A Chinese investor has snapped up an outer Melbourne hotel-motel as accommodation-based opportunities continue to attract strong interest around the country. The Sunshine Motor Inn has been owner-operated by father and son John and David Swain for the past 20 years. It boasts a public bar, 44 accommodation rooms, Blazed Bar & Grill, a modern
Dynamic Iris Capital has traded another pub with the booming Gallagher Hotel Group, as leaseholds continue to come to the fore in the hot hotel market. Representing the fifth asset swap for the two groups, Iris has sold Gallagher the 888 Hotel in Chinatown for around $7.5 million. As each pursues specific operational goals, both
Lantern Hotel Group has divested one of its best city assets to a colourful A-lister of Sydney hospitality. In October the ASX-listed Lantern (LTN) announced a portfolio reshuffle, selling three pubs as part of its “strategic review of the business”, including the coveted Dolphin Hotel at Surry Hills. “In terms of the Dolphin Hotel, we
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