Real Estate

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

WHITE HORSE RIDES AGAIN

Posted on April 15th, 2024 by Clyde Mooney
The historic White Horse Hotel of St Peters has been sold to new hoteliers, as they saddle up to continue the entertainment quest and launch the music-lovin’ McLovin’s. August, 1930. Image: Australian National University Set on the arterial Princes Highway

THE 1880 OF BATHURST ON OFFER

Posted on April 15th, 2024 by Clyde Mooney
A private investor is divesting The 1880 Hotel in Bathurst, representing a ‘red hot’ opportunity for a freehold operation in a key regional town. The two-storey pub, formerly known as the Edinboro Castle Hotel, resides on a high-visibility 1,233sqm lot

HOME OF THE TIGER TALE, MOLE CREEK, FOR SALE

Posted on April 12th, 2024 by Clyde Mooney
The famous Tiger-tinted Mole Creek Hotel is being sold by long-time owner-operators, offering a tourist magnet in Mersey Valley.   Built 1907, the two-storey hotel is a prominent figure on a 6,475sqm site on Pioneer Drive. Initially built as a

THE CAMO COMES BACK INTO VIEW

Posted on April 10th, 2024 by Clyde Mooney
Newcastle icon The Camo may rock again, as the developers pull out of plans for a student tower and the historic hotel returns to the market. The pub was a virtual rite of passage for local and even international bands