A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought the hotel in Long Jetty for an undisclosed amount. Agents Manenti Quinlan and Knight Frank […]
The signature hotel of one of Queensland’s holiday meccas has hit the market, prompting a flood of enquiries from “everywhere”. Residing on a strip of sand in the Coral Sea, around 30 kilometres south-east of Brisbane, North Stradbroke Island is home to the uber-popular Stradbroke Island Beach Hotel. Held by North Point Holdings for the
The largest shareholder of the largest landlord to Australian Leisure & Hospitality (ALH) made an unsuccessful takeover bid on Wednesday. The ASX-listed ALE real estate investment trust (REIT) consists entirely of a $900 million portfolio of properties, exclusively rented to Australia’s largest publican, the 75 per cent Woolworths-owned ALH. Already owning 25.84 per cent of
Another prized Sydney freehold has come up for sale, in direct response to market demand. In the heart of the trendy, inner-west suburb of Stanmore, the Salisbury Hotel has targeted “family-friendly”, with strong food and bev trade, gaming and TAB, and a dedicated children’s play area. It is being put to market by Brian Burgess
Budding top gaming pub the Lucky Australian is being sold by receivers amid the fallout from Court proceedings and other complications surrounding the divorce of one of the owners. The Lucky occupies a large, prominent block, with plenty of upside in an area boasting extensive residential growth. St Marys holds a number of strong gaming
The next stage of the massive redevelopment of the old Carlton Brewery site is underway, with the vacant freehold sale of The Australian ‘Abercrombie’ Hotel coming to market. On the corner of Broadway and Abercrombie Street, the heritage hotel has been dormant for a couple of years, but will be revived as part of the
CENTRAL’S AUSTRALIAN HOTEL FOR SALE AMID MASSIVE DEVELOPMENT Read More »
Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of one of the original gastro pub concepts, Damien Pignolet’s Bistro Moncur – has sold for
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Sydney’s famous gastro pub the Four In Hand is up for sale, as the owners are tempted by the booming market. The freehold going concern of the Paddington landmark is on the market for the first time in over a quarter century, with private owners including industry veteran Joe Saleh looking to other opportunities. Achieving
The ASX-listed Abacus Property Group has divested an underperforming NSW South Coast asset, as opportunities continue to flow from China. The Mariners Waterfront Hotel is located on 5393 m² of prime frontage onto Bateman’s Bay, with development opportunity and favourable business zoning. As well as 40 motel rooms overlooking the water, it possesses 12 gaming
Hotel investors are likely to battle developers at the pending sale of popular Melbourne pub Bridie O’Reilly’s. The freehold of a generous block in Brunswick will go to auction later this month, boasting Commercial 1 zoning and the successful Bridie O’Reilly’s lease on street level. Marketing by Colliers International and Gross Waddell cites approval by
DEVELOPER-READY IRISH PUB TO GO UNDER THE HAMMER Read More »
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