The stately Frisco Hotel in Woolloomooloo has been listed for sale by interstate owners, in what should be a keenly contested prize to round out 2023. Built in 1856, the Frisco is a three-level building on a commanding 304sqm corner site, just metres from Woolloomooloo’s famous Finger Wharf and central to enduring waterfront restaurants such […]
The Salmon family has divested its unexpectedly successful Rydalmere Tavern in Sydney’s west to pub veteran Andrew Lazarus’ Zenith Hotels. Rod Salmon is the Port Stephens-based owner of development company Coho Property. Having purchased a warehouse on 3,000sqm of land on Victoria Rd at Rydalmere, and holding an errant hotel licence, Salmon opted to create
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The large-format Kambah Inn tavern in suburban Canberra is being offered for sale for the first time in nearly 40 years. The standalone venue is set on 943sqm at the entrance to the Kambah Group Centre, enjoying vehicle or pedestrian frontages on all sides. It provides a ground floor public bar, bistro, gaming room with
Horseracing identity and hotelier Leigh Wanless has listed his Westside Tavern and Motel, boasting an approved DA and big potential at the gateway to the Fraser Coast. Wanless stems from one of Queensland’s most prominent racing families, and has been part of the state’s racing industry for more than four decades. For the past two
Melbourne- based private equity company BGH Capital is running the ruler over Australian Venue Co’s business plan and venues around the country, looking to submit a speedy pre-Christmas takeover bid. Australian Venue Co (AVC) major shareholder KKR reportedly engaged investment bank Jefferies to scope potential buyers in September, with hopes for a new fund to
The dormant Clarence Hotel of Maclean, in the NSW northern rivers, is being sold as a vacant freehold ready to be revived. The private current owners took on the country pub in 1990 and successfully operated it for decades, offering public bar, gaming room zoned B3 with 13 entitlements, and a spacious beer garden. It
Marty Short and co have sold their locals-driven The Tudor Hotel of Redfern to the Kospetas family’s Universal Hotels, in a new high water mark for the city-fringe precinct. The Short and Anderson families invested in the multi-level Tudor in early 2015, proclaiming it an opportunity “too good to miss” after watching development of the
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A revised Engadine Tavern and adjoining retail sites opportunity has been listed for sale, offering the large-format pub plus potential for a mixed-use redevelopment. The south Sydney suburban Tavern occupies a 2,325sqm site, surrounded by retailers such as Woolworths, Coles, ALDI, and Dan Murphy’s yet holding an exclusive catchment in the ‘underpubbed’ area, with approximately
After 45 Years operation under management plus an extended settlement, the Hotel Cecil of Casino has been sold. Vendor Nick Bulmer and family have owned the hotel as an asset for over four decades, and listed the pub in late 2021. A sale finally settled this week, by request of purchaser Barham Hamarashid, who also
The former headlining Riversdale group is bowing out of pubs, with stakeholders opting to sell the prominent Lambton Park Hotel, in suburban Newcastle. The pub group representing high-flyers John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million, after selling down its Sydney portfolio. Interests in the asset have moved
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