Real Estate

KEYSTONE SELLING KINGS CROSS SUGARMILL

Posted on March 2nd, 2015 by Clyde Mooney
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,

$100m of pub purchases for Redcape & HPI

Posted on February 27th, 2015 by Clyde Mooney
One of Australia’s largest pub owner operators, Redcape Hotel Group, has snapped up the top-performing Crown Hotel in Revesby for more than $30 million. Coming in at #19 on the OLGR list of gaming venues, the Crown is Redcape’s largest

Massive pubs hit market amid investment and development boon

Posted on February 23rd, 2015 by Clyde Mooney
Five big footprint pubs have burst onto the market, as Queensland’s favourable conditions and new developer laws set in. [caption id="attachment_766" align="alignright" width="258"] Stafford Tavern in Brisbane[/caption] Pub operators Drinx and AT Hotels are divesting pubs in South-East Queensland boasting

Chinese Pub Li City buys $45 million Prince of Wales Hotel

Posted on February 23rd, 2015 by Clyde Mooney
[caption id="attachment_781" align="alignright" width="355"] Prince of Wales Hotel[/caption] Pub Li City P/L has reportedly purchased one of Melbourne’s finest hotels for $45 million. 27-year-old Chinese developer Jiyuan “Louis” Li is the sold director and principle shareholder in Pub Li City

Pub sales running hot as A-grade assets run short

Posted on February 20th, 2015 by Clyde Mooney
With Sydney and Melbourne’s pool of A-grade assets shrinking, demand is rising for hotels in other capitals and city fringes. Hot on the heels of purchases nearby by the publicly listed HPI pub landlords, The Australian yesterday reported the listing

Another prime Melbourne freehold hits the market

Posted on February 13th, 2015 by Clyde Mooney
The Bay Hotel on the Mornington Peninsula has come on the market, and is likely to attract more investment capital into the pub sector. Prominently positioned in the heart of Main Street, Mornington, the hotel freehold is tipped to bring

Newport Arms hits market as Bayfields sell family jewels

Posted on February 9th, 2015 by Clyde Mooney
After more than a year of speculation, the Bayfield family has officially announced the sale of its iconic Newport Arms Hotel. [caption id="attachment_604" align="alignright" width="332"] Newport Hotel, 1925. Image courtesy NSW State Library[/caption] Having owned the 1880 landmark since 1991,

2015 pub market starts hot with another Iris Group purchase

Posted on February 4th, 2015 by Clyde Mooney
The Sydney pub market has jumped into 2015, with several quick sales including yet another Iris Group purchase – Riverwood’s Napoleons Hotel. In the Western gaming heartland, Napoleons is the latest of a string of acquisitions for the rapidly growing