Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement from Aquis to purchase Casino Canberra for $52 million. Under pressure from other interested parties, […]
Toowoomba’s famous Shamrock Hotel has been sold by Wayne and Seona Lee to former AHA Vice-President Pat Gurr, bringing news of a major transformation. Located on the edge of the Toowoomba CBD for more than 130 years, the large-format Shamrock resides on a 3,253sqm block, offering four bars, restaurant dining, a function space and conference
The Laundy-Flower North Coast Investments partnership has further expanded its Port Macquarie fleet, taking the family-sized Tacking Point Tavern for around $47 million. Industry cornerstones the Laundy family have teamed up again with Mr Port Macquarie Alistair Flower to buy the big pub in the NSW mid-north coastal town – consolidating the partnership that began
LAUNDY FLOWER SALES TO THE POINT IN PORT MACQUARIE Read More »
Marcello Colosimo has taken an inner west hattrick, picking up Dixon’s historic Nag’s Head Hotel in Glebe. Former Qantas CEO Geoff Dixon and business partners David Birkbeck and Russ Lowe’s vehicle DBL Pub Group bought the 1860s-built pub in 2015 from industry doyens the O’Hara family. The O’Haras had owned and lived it for 15
The handsome Huntington Tavern of Kempton, on the Tassy tourist trail, has been put to market by a private vendor. Kempton is a colonial town around 50 kilometres north of Hobart that was settled in the 1820s. It features historic buildings and 19th century charm, amongst a landscape of rolling hills and sweeping plains. Originally
Iris has taken another big step in the red centre, acquiring three pubs and two accommodation hotels in Alice Springs. Sam Arnaout’s expansive group already owns the award-winning Lasseters Casino in Alice Springs, purchased early 2021. Iris’ portfolio in the Northern Territory now expands with purchase of the independently owned Gap Tavern, Todd Tavern, Diplomat
Newcastle stalwart the Mark Hotel of Lambton comes to market, as its owner-operators look to retirement after a relatively short stint in the industry. A pub has been on the corner of Morehead and Dickson streets since 1874, first opening as the Marquis of Lorne. The present day two-storey brick structure was built in the
Master publican Tony Prentice has put up his historic Criterion Hotel of Warwick as he looks to an exit from the industry. The two-storey brick Criterion of today was built in 1917, for the Allman family, for an estimated price of £12,000. It replaced the existing Criterion, which was a single level timber Hotel, on
Award-winning local institution Jack Duggan’s Irish pub in Bathurst has been sold to a growing regional hotel group. A pub has been trading on the site since 1849. Originally named the Daniel O’Connell Inn, it later became the Commercial Hotel. It was bought by a partnership of Glyn and Helen Daunt and Peter and Shannon
The NRL has purchased the legendary Gambaro Hotel as part of investment plans to underwrite the future of Rugby League. The Australian Rugby League Commission, the NRL’s controlling body, is implementing a strategy to invest in hard yielding assets, aiming to strengthen its balance sheet so it can foster, develop, extend and provide adequate funding
NRL KICKS OFF INVESTMENT PLANS, BUYING GAMBARO HOTEL Read More »
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