Real Estate

IRIS BUYS ‘PROJECT’ PARRAMATTA HOTEL FOR $38m

Posted on January 22nd, 2016 by Clyde Mooney
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris

PUB BARON BUYS CLG’S $17m PORTSEA FREEHOLD

Posted on January 11th, 2016 by Clyde Mooney
Pub baron Mazen Tabat has continued his quest to become Colonial Leisure Group’s landlord, buying the Portsea Hotel freehold for $17.1 million. The Herald Sun reported the sale yesterday, which transacted in the first half of 2015 and settled in

$50m ACQUISITIONS FOR QUIET NEW PUB GROUP

Posted on December 16th, 2015 by Clyde Mooney
News is emerging of a new pub group with deep pockets, amid the announcement the Waugh family has sold the Banksia Hotel and the Belmore Hotel. [caption id="attachment_4713" align="alignright" width="309"] Image: website[/caption] Quietly entering the industry with the recent purchase

BIG BENDIGO LATE-TRADER SWANS ONTO MARKET

Posted on December 14th, 2015 by Clyde Mooney
A popular late-trader in thriving Bendigo has hit the market, as brother and sister owners call time on decades in hospitality. Andreas and Alysia Bazzani opened the Black Swan Hotel in 2001, which incorporates The Perch nightclub and The Icon

LOCALS OUTBID FOR OUTER-MELBOURNE HOTEL

Posted on December 14th, 2015 by Clyde Mooney
A Chinese investor has snapped up an outer Melbourne hotel-motel as accommodation-based opportunities continue to attract strong interest around the country. The Sunshine Motor Inn has been owner-operated by father and son John and David Swain for the past 20

IRIS AND GALLAGHER TRADE ANOTHER PUB

Posted on December 9th, 2015 by Clyde Mooney
Dynamic Iris Capital has traded another pub with the booming Gallagher Hotel Group, as leaseholds continue to come to the fore in the hot hotel market. Representing the fifth asset swap for the two groups, Iris has sold Gallagher the

LANTERN SELLS $11m SURRY HILLS DOLPHIN HOTEL

Posted on December 7th, 2015 by Clyde Mooney
Lantern Hotel Group has divested one of its best city assets to a colourful A-lister of Sydney hospitality. In October the ASX-listed Lantern (LTN) announced a portfolio reshuffle, selling three pubs as part of its “strategic review of the business”,

PADDINGTON HAT-TRICK & GASTRO SUPER-CHEF FOR WAUGH GROUP

Posted on December 4th, 2015 by Clyde Mooney
Gastro-pub mecca the Four in Hand has sold to Waugh’s PHMG, making a Paddington hat-trick for the Group – just as it announces the arrival of the acclaimed Guillaume Brahimi as ‘Culinary Ambassador’. A highly anticipated sale, The Four is

GUILDFORD HOTEL WINS OUT IN CRUCIAL DEVELOPMENT BATTLE

Posted on November 23rd, 2015 by Clyde Mooney
Guildford’s historic hotel is again destined for glory, after a surprise decision reinstated a development proposal that will make the massive restoration possible. The 1886-built pub in WA’s Guildford was destroyed by a fire in 2008 and languished until developer