With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. Very close to Newtown station on Enmore Road, the Hotel is the first inner-west venue for the leading pub group, which has been aggressively expanding its portfolio and offerings in […]
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe it is in the interest of all our shareholders to sell at this time and
Another Melbourne pub icon has hit the market offering investors an “opportunity of imperial proportions”. Situated on the city’s best-known CBD corner – Bourke and Spring Streets – the Imperial Hotel is adjacent to Chinatown and directly opposite Parliament House, and reputedly a popular haunt for thirsty pollies. The freehold is being sold with a
Independent Pub Group has passed the reigns of another Brisbane pub, this time to the nephew of the 80s little battler Bernie Power of Power Brewing. James Power has reportedly picked up the historic Norman Hotel for just under $7 million as the South Australia-based Independent Pub Group (IPG) nears completion of its strategic exit
BRISBANE’S “WORST VEGETARIAN PUB” SOLD TO BREWING FAMILY Read More »
After three decades in the same hands the Macquarie Hotel in Liverpool has hit the market as the area is set to boom. The long-term family partnership that holds the keys to the Macquarie, well-positioned amid the Liverpool city centre’s shopping district, is seeking the freedom to pursue individual interests and has chosen to divest
SOUTHERN SYDNEY STAR ON MARKET AS AREA FLOURISHES Read More »
A Tea Gardens hotel has changed hands after 68 years of family ownership. Manenti Quinlan reported the historic sale of the Tea Gardens Hotel Motel yesterday after a campaign involving potential buyers from around the country. Director Gerry Quinlan told PubTIC the buyer was “a well-known Sydney hotelier” but refused to disclose the price. The
The pub investment market around the country is running hot, attracting plenty of offers from owners hoping to sell for top dollar. A freehold in South-East Queensland, around 65 kilometres West of Brisbane, has come on the market with a $6.2 million price tag boasting an inviting property investment yield around eight per cent. The
QUEENSLAND PUB MARKET SEES MORE TOES IN THE WATER Read More »
The battle for the beaches hit top gear last night as Merivale CEO Justin Hemmes signed on to take over the iconic Newport Arms Hotel. Only a few months since the Laundys and Fraser Short purchased the nearby Mona Vale Hotel in a big money deal from Peter Beaumont’s Fernwood Group, Justin Hemmes’ Merivale has
The historic Imperial Hotel at Clifton will be “restored to its former glory” after being boarded up for more than a decade. WIN Corporation has owned the hotel “breathtakingly perched high above the Pacific Ocean” on Grand Pacific Drive for decades, but the building has been closed and unused since November 2003, after a landslide
Victoria’s booming developer market has enticed two more A-grade pub assets onto the market, each boasting “development potential”. The magnificent ‘essence’ of Sorrento, the Continental Hotel, is the only four-storey limestone structure in the Southern Hemisphere, and boasts over 3,500 square metres, overlooking Port Phillip Bay and the Mornington Peninsula. The 1875 National Trust building
DEVELOPERS ENTICE A-GRADE VICTORIAN PUBS ONTO MARKET Read More »
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