Bundaberg’s landmark Grand Hotel has been sold, amid strong ongoing demand for pub investment opportunities in regional Queensland. Situated on a large 2,024sqm lot in Bundaberg’s CBD, the mighty Grand offers a large main bar area, restaurant, function facilities, beer garden, and 27 accommodation rooms, in recent years run as a 90-bed backpacker facility. The […]
On the heels of sale of Peak Invest’s Corrimal Hotel, Ludlow Hospitality is divesting its refurbished Five Islands Hotel in the Wollongong suburb of Cringila. The Gravanis brothers’ Oscars Hotels bought the freehold going concern of the tired Hotel, built in 1956, wielding a reputation as a ‘daddy daycare’ for male patrons. Oscars executed an
Ned Kelly’s burgeoning pub group has taken the deeds to the Belmore Hotel in Scone, in a return to where it all began for the industry veteran. Built 1866 in the upper Hunter Valley as the Railway Hotel, the pub was renamed the Belmore in 1871, after a visit by the Earl of Belmore. Some
ASX-listed Endeavour Group has released its latest trading figures, reflecting a certain COVID bounce amid natural disaster challenges. The release covers group sales for the period from 3 January to 3 April, 2022. The Hotels division, aka ALH, exhibited trading improved as COVID-19 related restrictions eased, up 3.8 per cent on the same corresponding period
Kent Walker’s high-performing Earlwood Hotel has been snapped up by the newly-formed Orion Hotel Group, in a continuation of industry behaviour driving escalating values. Earlwood is a one-pub suburb virtually surrounded by suburbs with no pub, and benefitting from the Canterbury-Bankstown Masterplan, bringing upgraded town centres, high-rises and 24-hour commercial hubs. Enjoying a wide trading
Sale of the last of Damian Kelly’s portfolio has been finalised, finding new keepers for the large-format North Nowra Tavern and Crown Hotel of Surry Hills. These sales follow those of the Rose & Crown Hotel in Parramatta and the Corrimal Hotel in Wollongong for a combined $74.5 million. The second half of the portfolio
The booming Australian Venue Co is refinancing a new $600 million debt facility, as investors flock to hold the deeds on its pubs around the country. Most recently, the freehold of the Bentley Hotel and associated First Choice Liquor outlet in central Perth sold for just over $10 million, leased to the AVC-Coles partnership until
After nearly five decades in the same hands, the handsome New Ivanhoe Hotel of Blackheath is for sale by the Ray family. Found on a large site of around 1,500 sqm on the Great Western Highway in Blackheath, in the Blue Mountains, 90 minutes west of Sydney, the Ray family have been running the 1930s
Representing a portfolio shake-up and region record, the Maloufs’ Royal Hotels group has sold the oceanfront Caves Beach Hotel to the Gravanis’ expanding Oscars Hotels. Royal Hotels has expanded on operations at the seaside resort-style venue, and after the better part of a decade saw the current market as an ideal time to divest and
The acquisitive Harvest Hospitality has snapped up another Wagga Wagga institution, in the form of the hugely popular Victoria Hotel, for a new regional record price of $29 million. Occupying an imposing 1,311 sqm landholding in the heart of town, the Victoria Hotel is a large-format pub with a 3am licence, providing public bar with
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