Real Estate

THE SALMONS’ SHIFTING TIDES AT CHATSWOOD

Posted on September 6th, 2024 by Clyde Mooney
Rod Salmon has passed his newly rebranded Chatswood Hotel on Sydney’s north shore to a growing local operator. The two-level pub, previously known as the Chelsea, occupies a 765sqm strata site surrounded by residential and commercial buildings and opposite the

COLLINS CONFIDENT ON THE SHAKY

Posted on September 4th, 2024 by Clyde Mooney
The beloved ‘Shaky’ Shakespeare Hotel of Surry Hills, operated by legend Margaret Hargreaves for nearly half a century, has sold to the proprietor of Balmain’s The London. The hotel was established in 1879, found on Devonshire Street just 300 meters

ENDEAVOUR AND ALH FY24 RESULTS

Posted on September 4th, 2024 by Clyde Mooney
Endeavour Group has posted its full year results for FY24, detailing cost-cutting and portfolio hygiene in challenging economic times, yet seeing falling investor sentiment. ASX-listed Endeavour (ASX:EDV) is the holder of 350 pubs, retail outlets Dan Murphy’s and BWS, and

THE MILL COMPLETES UNIVERSAL SWAP

Posted on August 30th, 2024 by Clyde Mooney
The Kospetas family has bookended its portfolio swap-shuffle with Barham Hamarashid, completing the off-market sale of The Mill in Bondi Junction, following exchange on the Evening Star. What was the Mill Hill Hotel was a modest two-storey premise previously owned

ROYAL ON 99 MAKES 44 FOR THE RHINO

Posted on August 30th, 2024 by Clyde Mooney
Waratah Hotel Group has successfully divested its acclaimed hotel Royal on 99 to Dave Tomsic’s rampaging Black Rhino group. Located in the major regional Queensland town of Roma, the purpose-built pub opened in 2016, replacing the former Royal Hotel, which

LAUNDY PACKING UP IN REDFERN

Posted on August 25th, 2024 by Clyde Mooney
Arthur Laundy and his Redfern partners have offered to market their refurbished, undercooked local, on the fringe of the Sydney CBD. In 2021 the pub king collaborated with new operators Aaron Crinis and Justin Tynan to buy the three-storey suburban

RYANS DRINK IN THE TEA GARDENS

Posted on August 23rd, 2024 by Clyde Mooney
John Purkis and family have passed the reins of the landmark Tea Gardens Hotel in Bondi Junction to Ryan hotel dynasty principals John and Sally Ryan. Purkis bought the big multi-storey Art Deco hotel mid-2014 from Aussie Leisure Group, but

NEW UNIVERSAL SEES NEWTOWN TO MARKET

Posted on August 21st, 2024 by Clyde Mooney
Continuing its portfolio shake-up, Universal Hotels is selling the Newtown Hotel in Sydney’s inner west, meeting the surging market for high cashflow operations. Well located at the gateway to the famed and vibrant King Street retail and entertainment strip, the

FORMER KIRRIBILLI CLUB FOR SALE

Posted on August 21st, 2024 by Clyde Mooney
The site of the failed, former Kirribilli Club is being offered for sale, presenting opportunity for a revised offering to capitalise on its north shore location and sweeping harbour views. Lot 1 at 11-23 Harbourview Crescent in Milsons Point spans

PARRAMATTA’S CROWN SEEKS A MONARCH

Posted on August 18th, 2024 by Clyde Mooney
Receivers have listed high-profile pub development play the Crown Hotel in Parramatta, offering a suite of opportunities for the right player. Crown Hotel, at 295 Church Street, is on a large 1,075sqm site with 35 metres of frontage on Parramatta’s