Real Estate

AQUIS GAZUMPS OSCARS FOR IRIS

Posted on July 13th, 2022 by Clyde Mooney
Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement

SHAMROCK TO TURN NEW LEAF UNDER GURR

Posted on July 13th, 2022 by Clyde Mooney
Toowoomba’s famous Shamrock Hotel has been sold by Wayne and Seona Lee to former AHA Vice-President Pat Gurr, bringing news of a major transformation. Located on the edge of the Toowoomba CBD for more than 130 years, the large-format Shamrock

LAUNDY FLOWER SALES TO THE POINT IN PORT MACQUARIE

Posted on July 11th, 2022 by Clyde Mooney
The Laundy-Flower North Coast Investments partnership has further expanded its Port Macquarie fleet, taking the family-sized Tacking Point Tavern for around $47 million. Industry cornerstones the Laundy family have teamed up again with Mr Port Macquarie Alistair Flower to buy

COLOSIMO ROPES IN DIXON’S NAG’S HEAD

Posted on July 11th, 2022 by Clyde Mooney
Marcello Colosimo has taken an inner west hattrick, picking up Dixon’s historic Nag’s Head Hotel in Glebe. Former Qantas CEO Geoff Dixon and business partners David Birkbeck and Russ Lowe’s vehicle DBL Pub Group bought the 1860s-built pub in 2015

HUNTINGTON TAVERN SEEKS OWNER-OPERATOR

Posted on July 11th, 2022 by Clyde Mooney
The handsome Huntington Tavern of Kempton, on the Tassy tourist trail, has been put to market by a private vendor. Kempton is a colonial town around 50 kilometres north of Hobart that was settled in the 1820s. It features historic

ARNAOUT TAKES FIVE IN ALICE

Posted on July 8th, 2022 by Clyde Mooney
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

NEWCASTLE MARKET HITS THE MARK

Posted on July 8th, 2022 by Clyde Mooney
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

RETIRING PRENTICE PUTS UP HISTORIC CRITERION

Posted on July 6th, 2022 by Clyde Mooney
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

JACK DUGGAN’S FUTURE LOOKING BRIGHT

Posted on July 6th, 2022 by Clyde Mooney
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.

NRL KICKS OFF INVESTMENT PLANS, BUYING GAMBARO HOTEL

Posted on July 4th, 2022 by Clyde Mooney
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