What could be Sydney’s “most intriguing hotel” has been listed for sale, after laying dormant for 32 years. Located on a prominent corner on what was the last stop on the old tram line out of Sydney, the Terminus Hotel was once a thriving meeting place for local factory workers. The enigmatic Isaac and Susan […]
HIBERNATING PYRMONT PUB COULD AWAKEN AFTER DECADES Read More »
A high-profile Melbourne CBD freehold has hit the market, boasting a triple-frontage and big potential as a pub or mixed development. The historic Metropolitan Hotel is on the busy corner of William and Lonsdale Streets, opposite the Mint, and close to bustling Flagstaff Railway Station and the city’s major courthouses. It is being offered for
Colourful hotelier Ben May has partnered with his Manly Wharf landlord Robert Magid to buy iconic beachside property The Burleigh Pavilion. One of Australia’s only absolute beachfront premises, the Burleigh Heads building currently houses the Rick Shores bar-restaurant, Oskar’s Restaurant, and Nook Espresso Bar, and last year underwent a substantial facelift that updated the façade,
The landmark PJ Gallagher’s Leichhardt has hit the market, as thirsty investors await the continuation of the 2015 bumper year in pub real estate. Prompted by their own craving for expansion, the partnership of Patrick Gallagher and Jack Daly have listed PJ Gallagher’s at Leichhardt with plans to trade up to a larger format venue.
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
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