The sale of one of Sydney’s top gaming pubs for $40 million represents more smart money entering the market. A collaboration between Nelson Meers and investment bank Moelis & Co saw the purchase last year of Rockdale’s Grand Hotel for over $24 million, and now the Oasis on Beamish, in Campsie. Meers has a history […]
GAMING GOLD ‘THE OASIS’ SOLD AS BIG MONEY FLOWS INTO THIRSTY MARKET Read More »
A dynamic new hotel group has snapped up the suburban giant Vincent Hotel, amid plans for further strategic expansion. Emanating from the successful Port Phillip Charters cruise business, Dixon Hospitality Group (DHG) has bought four pubs in a little over a year, with an eye to synergies across assorted hospitality interests. Speaking with PubTIC, director
A Brisbane hotel family takes the keys for the Southside’s Rocklea Hotel today as opportunity continues to shift in the State’s pub assets. The popular corner pub on Ipswich Rd joins a flurry of venues in Queensland being bought or offered for sale, as the vestiges of tough times appear to finally be forgotten by
The freehold of Paddington’s iconic Grand National Hotel has sold, as investor appetites broaden. Tenanted by Lance Burrowes’ LJB Hotels on a long-term lease, the “Nash” Hotel is in fact one of the largest single land holdings in the highly desirable suburb. Upper Oxford Street has been undergoing something of a transformation from retail strip
A classic Queensland beauty will sadly go under the hammer next month, following Cyclone Marcia and a shift in the tides of fortune for the owner. Will Fowles bought Rockhampton’s Heritage Hotel in 2005, and survived several swings in the business until the accumulated effect of drought, coal prices and tropical weather proved too much.
Former AFL star Corey McKernan has sold his Melbourne pub as other business interests grow. The Prince Alfred Hotel in Port Melbourne was built in the late 1800s and is described as “a beautiful, character-filled property”. “We had some really great times at the Prince Alfred,” said McKernan. “Although part of me is sad to
A pub claiming to be the oldest in Britain is up for sale. Built in 825AD, The Cridford Inn has resided for over 1,000 years in the village of Trusham, in the Teign Valley. It holds a strong claim to the title of the UK’s oldest public house, as acknowledged title-holder Ye Olde Fighting Cock,
Two big gaming pubs in Sydney’s west have hit the market as the Feros Group ‘swaps opportunities’. Operating five large format pubs, the family-run Feros Group has honed in on successes in foodservice, these days plating up over 15,000 mains every week. Speaking exclusively with PubTIC, CEO Chris Feros explained they have put the Panania
TWIN GAMING PUBS FOR SALE AS ‘OPPORTUNITY BECKONS’ Read More »
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858 corner pub has drawn a lot of public interest and hammer-time drew well over 200
One of the best-known pubs in Sydney’s Paddington has hit the market, as development in the area and market conditions prove irresistible. Speaking with PubTIC, long-time operator of the Light Brigade Hotel, Dean Haritos, said the temptation to test the market was largely prompted by his increasingly diverse business interests. “I’ve had a number of
LIGHT BRIGADE HITS MARKET RUNNING AMID BIG POTENTIAL Read More »
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