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 »
One of the sleeping beauties of Sydney pubs has hit the market, after nearly seven dormant years and a massive refurbishment. The Palisade Hotel closed in 2008, and given its location beside and overlooking the $6 billion Barangaroo development, speculation has been rife as to when and for how much it will be sold. The
SLEEPING BEAUTY PUB SET TO BREAK HEARTS AND RECORDS Read More »
A partnership split has brought Port Kembla’s Steelworks Hotel back on the market, with a fresh refurb and definite upside. Last sold in November 2013, the 1912 hotel originally named the Great Eastern is described by Wollongong City Council heritage documents as “an imposing landmark of the area, dating back to the beginnings of the
PORT KEMBLA “LANDMARK” PUB BACK IN THE WORKS FOR BUYERS Read More »
The award-winning Keystone Group is divesting the freehold of its Kings Cross icon, the four-level Sugarmill Hotel, at 33 Darlinghurst Rd. Expected to fetch around $20 million, the immensely successful ground floor bar, two levels of Kit & Kaboodle nightclub, and Sweethearts rooftop bar will stay tenanted by Keystone. One of the landmark venues on
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