The baton has passed on a southern Sydney landmark pub, as its builders and six-decade operators “end an era”. The Durkin family built the Jannali Inn in 1958, and have run it ever since. The building includes retail space and development potential on a generous block. It has been bought by JDA Hotels’ John Feros […]
A well-backed up-and-comer has grabbed Feros’ Panania Hotel in a hot market deal worth nearly $15 million. Following a sustained effort to find a complementary venue for his Top 5 gaming pub, the Railway Hotel in Lidcombe, Mark Malloy has picked up the Panania Hotel in the final hours of its EOI campaign. Speaking to
The Laundys have flashed the cash, tempting Medich into the sale of two more ‘big deal’ pubs. In a transaction worth nearly $35 million, the Medich family’s Halcyon Hotel Group has parted with two more jewels from its rapidly shrinking crown, following last month’s surprise divestment. The freehold of the iconic and ALH-tenanted Woolloomooloo Bay
Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. Earlier this year Iris lodged plans with the City of Sydney for an overhaul of the 19-storey Kings Cross tower it bought in 2012 for $65 million, into a mecca of luxury apartments worth $300 million. But before
IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m Read More »
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s previous sales of the Plantation Hotel and Moonee Beach Tavern to represent a strategic exit
The Brookvale Hotel has joined a distinguished list of pubs looking to capitalise on Sydney’s housing boom. The Pittwater Rd site will be subdivided and the rear carpark and part of the hotel sold off, with a highly desirable DA already in place to develop the property. Owners, the Kelly family, have secured approval for
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus to form the LWIP, each chipping in a lazy $150 million for the entity, which
CHARTER HALL AND HOSTPLUS TO BUY $200m MORE PUBS Read More »
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and a 24-hour licence. The outgoing owners, JDA Hotels, held the property for nearly 30 years.
One of the North Shore’s best-known pubs has sold in a surprise deal that was a case of ‘an offer they couldn’t refuse’. Just 15 months after purchasing it for $13 million, Halcyon Group has divested the landmark Buena Vista Hotel in the upmarket Sydney suburb of Mosman to a brand new hotel operation –
NEW PUB GROUP TEMPTS HALCYON INTO UNEXPECTED SALE Read More »
Another Melbourne hotel investment has hit the market, with all buyer types set to circle the corner pub packed with opportunity. Just a couple of kilometres east of Melbourne’s CBD, Abbotsford’s Laird Hotel will likely prove attractive to investors, developers and owner-operators. Boasting features such as a successful, tenanted pub business with typical upsides, plus
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