The $18.5 million sale of the Bounce Backpackers hotel continue the run of offshore investment dollars that have seen Australia rank second in the Asia-Pacific region for hotel transactions. The five-star hotel is located opposite Sydney’s Central Station, with a tavern at street level and 190 beds, a kitchen and a rooftop terrace over five […]
Continuing the trend of prime-tenanted freehold investment sales, one of Coles’ Spirit Hotels big trading pub and bottle shops is up for grabs. Located on the Pacific Highway between Gosford and Newcastle, the Northlakes Tavern was built by Coles on the site of the old Charmhaven Hotel, and occupies 7300 sqm adjacent to the thriving
COLES PRIME FREEHOLD GOES TO MARKET IN NSW CENTRAL COAST Read More »
A prominent city fringe freehold going concern has come to market, with a range of potential upsides likely to test market potential. The Royal Exhibition Hotel is in the heart of Surry Hills, adjacent to Central Station, and significantly, outside the lockout zone. With a 24-hour licence and four-star accommodation atop two bars, a bistro
ROYAL EXHIBITION TO SHOW REAL ESTATE MARKET STRENGTH Read More »
Owners of the uber-successful and crafty Dove & Olive and Keg & Brew have snapped up a Randwick landmark to add to the award-winning portfolio. The burgeoning Good Beer Company (GBC) has bought Newhaven Hotels’ Duke of Gloucester, with plans to “extend” what it already does well. Speaking to PubTIC, GBC owner John Azar says
The ultimate ‘Sea Change’ pub has come on the market in Melbourne, offering potential for a landmark holiday destination development. The St Leonards Hotel, overlooking Port Phillip Bay pub south-west of Melbourne, was once the centre of the ABC’s late 90s TV series Sea Change, under the name the ‘Tropical Star Hotel’. It’s located on
‘SEA CHANGE’ PUB SALE COULD WITNESS REDEVELOPMENT Read More »
Greg Maitland’s Independent Pub Group is independent no more, with Blue Sky Private Equity purchasing a majority stake amid a re-brand to become GM Hotels. Formed in 2007, Independent Pub Group (IPG) has held the keys to properties around Australia and currently controls three freehold and seven long leaseholds in Adelaide. The strong operations will
The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip Charters, entered the pub game just last year with his purchase of the Wayside Inn. Since that time he has strategically grown the operation through key
Melbourne has seen two more hotel freeholds sell as investments ‘with potential’ as development prospects continue to be weighed against hospitality businesses. The deeds to the Hawthorn Hotel and South Melbourne’s Palmerston Hotel have sold to entities interested in exploring options for the commercial sites that may not include the existing pubs. Swinburne University
TWO MORE MELBOURNE PUBS SELL AS INVESTORS EYE VALUE Read More »
Patrick Gallagher has snapped up Hurstville’s Tiger Bar in a play to round out his growing Sydney-wide portfolio. The king of the Irish bars has purchased the southern Sydney favourite for a reported $28 million from a syndicate that included the Nasser family. Gallagher told PubTIC the Asian-themed pub, with its popular Korean restaurant, would
Developers Frasers Property and Seksui House are set to proceed with the next stage of the Central Park on Broadway project – on the old Carlton Brewery site, atop the historic Australian “Abercrombie” Hotel. Having purchased the site in 2007, Frasers has undertaken massive development with the striking and innovative Central complex. It later sold
CENTRAL TOWERS TO GO ABOVE HERITAGE AUSTRALIAN HOTEL Read More »
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