Jon Adgemis’ Public Hospitality Group has beat major developers to buy the well-known Noah’s Backpackers on Bondi Beach for $68 million. Noah’s occupies a prominent 1,087sqm site at the world-famous Beach, comprising two corner buildings configured for 260 beds and offering a rooftop with spectacular ocean views. Like most businesses catering to this market it […]
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Australian Venue Co has teamed up with landlord HPI to offer the freehold going concern of Townsville stalwart the Hotel Allen. Built in 1946, Hotel Allen occupies a 6,186sqm corner site with three street frontages, proximate to a host of Townsville’s top attractions, such as beachfront promenade The Strand, and the heritage-listed Queens Gardens. Located
At the forefront of the resurgence of hospitality and in a return home after widespread expansion, Justin Hemmes’ Merivale has secured a massive site on Sydney’s King Street – to become the city’s newest entertainment precinct. News has emerged of Hemmes’ acquisition of the Kings Green development site for an estimated $200 million, being four
The Singleton family are calling time after more than three decades, putting up their celebrated Pineapple Hotel – expected to break sales records. The heritage-listed Pineapple is one of Brisbane’s oldest pubs, established in 1864 in a wooden house and named in honour of the many pineapple plantations in the area. In 1887 a two-storey
Acclaimed operator Ray Reilly has executed another team expansion, taking on Tim Condon’s Cricketer’s Arms Hotel in Balmain with a long-time employee as partner. The Cricketer’s Arms was established in 1872 and for many years served as host to the dockers and wharfies of the Peninsula and surrounds. In 1996 it underwent a major renovation,
A rare Melbourne freehold going concern has come to market, as the Bagios family look to part with the prized Coppersmith Hotel in South Melbourne. Set between the CBD and Albert Park, The Coppersmith occupies a prime 290sqm lot close to the tram line and Melbourne Convention & Exhibition Centre, South Melbourne Market, boutique shopping
Fraser Short and partners have put to market two freehold going concerns hotels at the same time, in Sydney’s north-west growth corridor. The two Winsor pubs incorporate a broad business mix across bar, gaming, wagering, accommodation and retail liquor. The Fitzroy Hotel, on 1,381sqm, is in the heart of the retail and commercial precinct, close
Continuing the run of pub sales on Victoria’s famous Great Ocean Road, the Wye Beach Hotel has been sold, for the first time in over 30 years. Considered one of the state’s iconic coastal pubs, on The Road between nearby towns Lorne and Apollo Bay, the Wye Beach is the only Hotel in Wye River,
The re-stapled freehold going concern of the landmark Bar Broadway, aka Sutherlands Hotel, has come to market for the first time in 20 years. One of only five surviving examples of Sydney CBD hotels built in an interwar Functionalist style, the pub had a long association with Tooth and Co brewery and over the years
A spectacular beachfront hotel development site has hit the market, in Queensland’s booming Capricorn Coast. The area known as the Capricorn Coast lies roughly halfway between Bundaberg and Mackay, approximately 660 kilometres north of Brisbane, and only 30 minutes from Rockhampton airport, with daily commercial aircraft services by Qantas and Virgin. The Tropic of Capricorn
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