Real Estate

TOWN TAVERN BLACKTOWN IN RECEIVER SALE

Posted on May 3rd, 2024 by Clyde Mooney
Simon Paterson’s Town Tavern and development at Blacktown have been put to market by receivers, set to tempt operators and those willing to take a Top200 pub to the next level. The Town is a prominent, high-performing venue, adjacent to

HURLEYS LOOK TO $60m HOTEL PANORAMA

Posted on May 3rd, 2024 by Clyde Mooney
The Hurley Hotel Group (HHG) has begun construction on Hotel Panorama, on Adelaide’s Goodwood Road. HHG is a South Australian family-owned business with over four decades’ experience, currently operating ten hotels along with Hurley Cellars. Cox Architecture, a local company

DIXON AIRS THE BLUES

Posted on May 1st, 2024 by Clyde Mooney
Former Qantas CEO and Tourism Australia chair Geoff Dixon has listed the picturesque Blue’s Point Hotel in McMahon’s Point, by popular demand. One of the first pubs built on Sydney’s north shore, the watering hole has been a local icon

JDA NABS THE UNICORN

Posted on April 29th, 2024 by Clyde Mooney
Paddington’s famous Unicorn Hotel has been sold as a restapled freehold going concern to the Feros’ JDA Hotels.   Commonly known as ‘Fringe Bar’, the Unicorn is famed for its Monday night comedy acts and eastern suburbs socialite crowd, being

PACE OF GROWTH TO QUICKEN UNDER PAG

Posted on April 24th, 2024 by Clyde Mooney
Australian Venue Co is finding renewed strength under new owners PAG, and armed with a new investment chest is ratcheting up its acquisitions. In August news broke of the $1.4bn deal whereby PAG Asia Capital bought KKR’s 80 per cent

MELBOURNE OWNERS LEAVING RAILWAY IN MARIAN

Posted on April 24th, 2024 by Clyde Mooney
Interstate investors are divesting their long-held Railway Hotel in Marian, to focus closer to home. Located 28 kilometres from Mackay Airport, the Railway is the only hotel in the town of Marian, serving around 4,200 local residents and the broader

BAYFIELDS SPOTLIGHT IN PADDINGTON

Posted on April 22nd, 2024 by Clyde Mooney
The Bayfield family is parting with their stately Light Brigade Hotel, as they head back to the beach. Standing like a sentinel at the highest point in Paddington-Woollahra since the 1880s, the three-level pub occupies a prominent position with two

SHOGROUP EXPAND BY EIGHT DRAGONS

Posted on April 22nd, 2024 by Clyde Mooney
James Wynne’s investment vehicle Shogroup has partnered with John Upham to take their first pub in Adelaide with purchase of the new Eight Dragons in redeveloped Chinatown. Shogroup and Upham have secured a 37-year lease on the new Hotel, which

PUBLIC’S EMPIRE ON THE LINE

Posted on April 19th, 2024 by Clyde Mooney
The high-profile Public Hospitality Group led by Jon Adgemis has listed the Empire Hotel in Annandale, as it strives to maintain the collection under increasing financial strain. Public (PHG) has amassed 22 pubs and hotels in Sydney and Melbourne, including

REDCAPE AND GALLAGHER IN $70m SALE-SWAP

Posted on April 17th, 2024 by Clyde Mooney
Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Crescent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the