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 »
The historic Broken Hill Pub has joined the procession of large regional Hotels coming to market, as the oldest in the first officially old city. Due to its seminal history in the mining economy, Broken Hill is known as ‘The Silver City’. It was dubbed Australia’s first heritage-listed city in 2015, for its outstanding contribution
Ending more than a century under stewardship of the Whelan family, the large-format Strathfield Hotel has sold for around $80 million to Sam Arnaout’s Iris Capital. The three-level pub was built in 1918 after WWI by John Whelan, courtesy of a windfall betting on a cargo of Scotch whisky thought to have been lost at
WHELANS SEE IRIS INTO GENERATIONAL STRATHFIELD HOTEL Read More »
Australian Venue Co forges ahead with investment in the Sunshine State, now acquiring Brisbane landmark The Boundary. Established in 1864, in Brisbane’s West End, the well-known pub was given a new lease on life in 2018 through a major renovation by KP Architects. AVC has been operating in Queensland since 2017, and in 2019 acquired
Taree’s large-format Manning River Hotel has been snaped up by the acquisitive syndicate led by Nick Quinn. Situated on Taree major thoroughfare Oxley Street, just a few hundred metres from the mighty Manning, the established Hotel claims many of the characteristics common to high-performing regional operations. It is historically Taree’s best-performing gaming venue, holding 20
There’s been a big boom in Adelaide’s craft brewery scene, with Little Bang bought up by the aspirational Duxton Pubs Group. One of Adelaide’s first local brewers, Little Bang Brewing Co has been acquired by South Australia’s fast-growing and ambitious pubs group. In 2013 business partners Ryan Davidson and Fil Kemp established the brand as
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