Real Estate

DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE

Posted on November 2nd, 2016 by Clyde Mooney
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The

PALISADE HOTEL RETURNS TO MARKET

Posted on October 28th, 2016 by Clyde Mooney
The palatial Palisade Hotel – described as the “Jewel of Millers Point” – is back on the market. The iconic Palisade Hotel in Millers Point went to market in March, 2015, following a top-dollar renovation to revive it after being

FEARS FOR ADELAIDE HERITAGE PUB ‘THE CRANKER’

Posted on October 28th, 2016 by Clyde Mooney
As anger rages over one illegal demolition, Adelaide’s famous Crown & Anchor is under threat beneath the spectre of a $50 million development next door by its new owner. South Australian developer Karidis Corporation purchased the heritage-listed hotel, established in

LANTERN VOTES TO SELL THE LOT

Posted on October 26th, 2016 by Clyde Mooney
Lantern Hotel Group’s AGM yesterday saw shareholders pass a resolution to sell down the remaining six properties in the portfolio, meaning more key assets to meet a starved market. Following successes divesting all its ‘non-core’ pubs in line with the

DESIGNING FOR EFFICIENCY, DIFFERENTIATION AND LONG-TERM

Posted on October 26th, 2016 by Clyde Mooney
[caption id="attachment_7712" align="alignright" width="179"] Con Cayas[/caption] Con Cayas is a veteran of hospitality design, boasting over 20 years’ experience in the Queensland marketplace. He moved from director and partner at a mid-sized Brisbane practice and founded Cayas Architects back in

‘CLOEY’ HOTEL TO TEST WATERS IN TIME FOR SUMMER

Posted on October 24th, 2016 by Clyde Mooney
The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major

KEYSTONE CONCLUSION CLOSER AS BREAK-UP IMMINENT

Posted on October 24th, 2016 by Clyde Mooney
The much-anticipated future of The Keystone Group portfolio remains undetermined, as news emerges of a shrinking short-list and Dixon Hospitality eyeing seven of the 17 venues. After falling foul of financiers, a high-profile campaign for the well-known Keystone portfolio has

SOUTH-BRISBANE FGC COMES TO MARKET

Posted on October 24th, 2016 by Clyde Mooney
The Moss St International Hotel just south of Brisbane has come to market as its interstate owner divests to focus on operations closer to home. Occupying 4,927 m² of Slacks Creek, around 20 minutes south of the Brisbane CBD, the

WAUGHS LIST BIG-SYDNEY FORBES WITH PLANS

Posted on October 21st, 2016 by Clyde Mooney
The five-level Forbes Hotel on York Street has come to market looking to be the next entertainment and dining hot-spot in the heart of Sydney’s CBD. It was until late 2014 under lease to Iris Group, before Waugh Hotels took

CAMPION WINS RACE TO LANTERN’S COMMODORE

Posted on October 19th, 2016 by Clyde Mooney
Lane Cove stalwart Graham Campion has emerged as the big-ticket buyer of Lantern’s Commodore Hotel, picking up his coveted second pub for a cool $14.5m. Listed pub group Lantern (ASX: LTN) put the McMahon’s Point beauty up for grabs last