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
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 »
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