Real Estate

IPO IN THE AIR FOR DIXON HOSPITALITY

Posted on May 2nd, 2016 by Clyde Mooney
The Australian Financial review reports Dixon Hospitality is one step closer to its rumoured IPO, with another “chunky acquisition” expected to be announced soon. The operation, fronted by father and son team Bruce and Michael Dixon, has been on an

PELATHON RE-WORK HEADS FOR $100m PORTFOLIO

Posted on April 29th, 2016 by Clyde Mooney
Pelathon Group – established by ASX-listed BlackWall Property Funds, who partnered with Jaz Mooney – now has the opportunity to take the re-structured pub group “to the next level”. Pelathon Pub Group (PPG) has held three assets worth around $24

ILLAWARRA GOLD BOUGHT BY PEAK INVESTMENTS

Posted on April 27th, 2016 by Clyde Mooney
The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up

NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

Posted on April 27th, 2016 by Clyde Mooney
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. © 2015 Mark Merton Photography The heritage-listed Federation style building sits quietly on the corner of Harris and

GOLD COAST LANDMARK PUB SELLS AMID ‘TRADING UPLIFT’

Posted on April 20th, 2016 by Clyde Mooney
Gold Coast gold mine Melba’s on the Park has sold for a sunny $12.5 million to former Sydney publican Bob El’s Leda Holdings. Vendor George Fleming had owned the Gold Coast institution for several years, and executed a massive reinvigoration

OUTBACK ICON PUB FOR SALE – INCLUDING BRAS AND KNICKERS

Posted on April 20th, 2016 by Clyde Mooney
One of Australia’s most famous outback pubs is for sale, boasting a 600-kilometre patron catchment and a room full of ladies’ underwear. Daly Waters was once Australia’s piece of the Wild West, with its history of murders and shootouts in

AUSTRALIA’S BIGGEST PUB TO GET MUCH BIGGER

Posted on April 15th, 2016 by Clyde Mooney
After five years’ negotiation the ‘biggest pub in Australia’ has begun plans to get much bigger. The Comiskey Group launched the magnificent Eatons Hill Hotel in 2011 to widespread acclaim. Occupying a large chunk of a six hectare block just

BEACHSIDE HOTEL HITS MARKET IN BEAUTIFUL SCARBOROUGH FAIR

Posted on April 15th, 2016 by Clyde Mooney
The idyllic beachside Indian Ocean Hotel has hit the market after 30 years’ operation by a local family. Following the passing of the father and long-time publican, his sons determined the best way forward was sale through independent managers and

RAY REILLY TO SELL SURRY HILLS STALWART

Posted on April 13th, 2016 by Clyde Mooney
After nearly two decades and “a very emotional decision” Ray Reilly is parting with his beloved Surry Hills stalwart, Trinity Bar. Located on Crown Street in the heart of city-fringe Surry Hills, Trinity Bar is a local favourite bought by