Real Estate

COUNCIL ACROBATICS BUT LONDON HOTEL MAY STILL FALL

Posted on May 30th, 2016 by Clyde Mooney
An old but ‘not heritage enough’ pub in Port Melbourne faces an uncertain future, as authorities quibble over whether or not to protect it from redevelopment. The London Hotel was built in 1861, and has had many embellishments to produce

CALLIGEROS GRABS REILLY’S TRINITY BAR

Posted on May 25th, 2016 by Clyde Mooney
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC

NEW PLAYERS ENTER INDUSTRY AND ‘THE LOCAL’

Posted on May 23rd, 2016 by Clyde Mooney
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South

LANTERN OFFERS BEAUMONT EXCHANGE HOTEL TO MARKET

Posted on May 20th, 2016 by Clyde Mooney
On the back of recent successful divestment campaigns, Lantern Hotel Group has put to market the Beaumont Exchange Hotel, in Hamilton. The ASX-listed Lantern (LTN) has enjoyed a number of hotel sales significantly above book value, and in continuation of

PETERSHAM HOTEL SALE TICKS INVESTOR BOXES

Posted on May 20th, 2016 by Clyde Mooney
After the successful introduction of a new tenant, the freehold of the Petersham Hotel has burst onto a market prowled by investors. Located just a few kilometres from Sydney’s CBD, the Hotel possess a coveted 3am licence, bistro, nine EGMs

LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND

Posted on May 18th, 2016 by Clyde Mooney
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John

REDCAPE GOES TO COURT OVER NEW EASTWOOD HOTEL REJECTION

Posted on May 18th, 2016 by Clyde Mooney
Redcape Hotel Group and management of the Eastwood Hotel are taking Ryde Council to court over denied plans to build a new adjacent hotel. The Eastwood is a prominent corner landmark of the western Sydney suburb, and the Group submitted

BEER DELUXE JOINS DIXON GROUP STABLE FOR $31m

Posted on May 16th, 2016 by Clyde Mooney
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service

BAYSIDE PUB & ACCOMMODATION UP FOR GRABS

Posted on May 13th, 2016 by Clyde Mooney
A St Kilda pub and hotel business has hit the market amid the boom in pub-style accommodation around the country. Located on bustling Barkly Street in the bayside suburb of St Kilda, Hotel Barkly holds a 3am licence and consists

MALONEY’S HEART OF BONDI REVIVED

Posted on May 11th, 2016 by Clyde Mooney
One of Australia’s most famous pubs is undergoing a major overhaul and the completed Phase 1 ushers in a “fresh new look and feel”. The historic Hotel Bondi was built in 1919, and stands vigil over the world famous Bondi