Real Estate

DUXTON PLUCKS ALMA FROM THE NEST

Posted on January 22nd, 2024 by Clyde Mooney
A murder of Crows has sold the famous Alma Tavern to the growing, state-dominant Duxton Pubs group. The Alma sports quite a history with AFL champs the Adelaide Crows. Previously on the deeds were Simon Goodwin and Patrick Dangerfield, along

PINK PUB AND TOURIST PARK ON OFFER

Posted on January 22nd, 2024 by Clyde Mooney
The historic Dulacca Hotel & Tourist Park has been put to market, offering land and potential in a thriving region of S-E Queensland. Known as the “pink pub on the hill” the Dulacca Hotel is a landmark of the Western

SHORT’S SYDNEY COLLECTIVE IN ADMINISTRATION

Posted on January 15th, 2024 by Clyde Mooney
Pub industry trailblazer Fraser Short’s group The Sydney Collective has fallen into administration, said to owe around $6 million in tax and to creditors. The news broke late December – less than a year after TSC sold its share in

ALH GETS NOD TO BUY RYE

Posted on December 8th, 2023 by Clyde Mooney
Australia’s largest publican, ALH, is clawing back in its plan to turn the balance sheet around, securing approval by the ACCC to proceed with purchase of Victorian landmark the Rye Hotel. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase the

KELLY AND THE GANG EXIT GULGONG

Posted on December 1st, 2023 by Clyde Mooney
Kelly & Co Hotels have furthered their strategic portfolio consolidation with the sale of the Centennial Hotel in Gulgong to a pair of newcomer siblings. Situated on a prominent corner site of 1,345sqm with excellent street frontage, the pub known

BUNDY’S RAILWAY ON NEW TRACKS

Posted on November 27th, 2023 by Clyde Mooney
Bundaberg hospitality stalwart Stephen Paterson has handed over his town favourite, the Railway Hotel, with the Spotted Dog Café, Bar and Grill, to first-timer Adrian Evans and partners including Arthur Laundy. Mid-2020, the iconic Spotted Dog Tavern and adjacent backpackers

SHORTS PASS ON SEABREEZE LEGACY

Posted on November 24th, 2023 by Clyde Mooney
The Shorts have sold their idyllic and windswept Seabreeze Beach Hotel on the NSW mid-north coast to the growing Hunter group. The Short family have owned and operated the seaside pub at picturesque South West Rocks for over two decades,

REDCAPE WRAPS TWO MORE SALES, FOR NOW

Posted on November 23rd, 2023 by Clyde Mooney
After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term

 A BUNCH OF SPORTS STARS PILE INTO A HERITAGE PUB

Posted on November 22nd, 2023 by Clyde Mooney
The handsome Heritage Hotel of Rockhampton is undergoing an usual sale process, mustering Queensland sporting greats Gorden Tallis, Nick Gregorski, Mark Knowles and Scott Prince, and a host of new owners. Built 1898 on Rockhampton’s riverfront, the three-storey premise was

REDCAPE SELL-DOWN DROPS MT ANNAN IN S-W SYDNEY

Posted on November 20th, 2023 by Clyde Mooney
High-flying pub group Redcape “continues momentum” in its recent divestment program, with the big-ticket sale of its prized Mount Annan Hotel to an established Sydney hotel family. Redcape de-listed from the ASX in September 2021, with shareholders hoping to achieve