Real Estate

HISTORIC ILLAWARRA HOTEL SET TO RETURN

Posted on March 16th, 2015 by Clyde Mooney
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

DEVELOPERS ENTICE A-GRADE VICTORIAN PUBS ONTO MARKET

Posted on March 13th, 2015 by Clyde Mooney
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

SLEEPING BEAUTY PUB SET TO BREAK HEARTS AND RECORDS

Posted on March 6th, 2015 by Clyde Mooney
[caption id="attachment_966" align="alignright" width="284"] Palisade Hotel, 1930s. Government Printing Office. Image courtesy NSW State Library[/caption] 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

PORT KEMBLA “LANDMARK” PUB BACK IN THE WORKS FOR BUYERS

Posted on March 6th, 2015 by Clyde Mooney
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

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