Real Estate

END OF AN ERA FOR MELBOURNE GASTRO PUB

Posted on August 12th, 2015 by Clyde Mooney
The acclaimed Terminus Hotel has come on the market as its long-term operator calls end to an “amazing journey”. Driving the Hotel since 2004, Russell Griggs says the Melbourne pub scene has changed dramatically in the past eleven years, and

MORE PROFITS PENDING FOR ALH’S LANDLORD

Posted on August 10th, 2015 by Clyde Mooney
The original ALH listed landlord tips a “positive” future amid higher profit distribution and continued “operating profitability” across much of its pub portfolio. ALE Property Group last week released its Annual Review, Annual Report and Property Compendium 2015, detailing finances

BIG WA HUB PUB UP FOR GRABS

Posted on August 10th, 2015 by Clyde Mooney
[caption id="attachment_3288" align="alignright" width="281"] Image: Google Maps[/caption] The heart of a regional hub in WA has hit the market, with the 200-room Newman Hotel likely to attract big interest for a small town. Around 1200 kilometres north of Perth, the

ALH GETS GREEN LIGHT ON BLUE MOUNTAIN HOTEL

Posted on August 5th, 2015 by Clyde Mooney
Australia’s biggest publican has won the right to invest in the future of Queensland hospitality, with a massive overhaul approved for its historic Toowoomba pub. After lodging an application for a ‘material change of use of premises and land’ in

LANTERN’S EL TORO SALE SCANDAL: LAZARUS DEFENDS

Posted on July 20th, 2015 by Clyde Mooney
The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced

LANTERN OFFLOADS FLAILING TOP-100 GAMING PUB

Posted on July 17th, 2015 by Clyde Mooney
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a

PADDINGTON LANDMARK SELLS TO NEW WAUGH FAMILY PUB GROUP

Posted on July 17th, 2015 by Clyde Mooney
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent

BEAUMONT TO AUCTION TOP BALMAIN PUB

Posted on July 17th, 2015 by Clyde Mooney
Peter Beaumont’s Fernwood Group has put its Balmain landmark up for grabs, offering “development potential” to the hungry investor market. The 1885 Exchange Hotel is located on a 640 square metre corner block in the heart of uber-trendy Balmain. The

ZAGAME PUTS $90M OF ALH FREEHOLDS UP FOR GRABS

Posted on July 15th, 2015 by Clyde Mooney
Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and

REDCAPE IPO TO OFFER UPSIDE

Posted on July 3rd, 2015 by Clyde Mooney
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus