Australian Venue Co has doubled down on its investment in town with a partnership acquisition of the windswept and interesting Airlie Beach Hotel, in association with restorative owner-operator Mick McFie. Occupying a generous lot just metres from the destination Whitsundays tourist beach, the Hotel was built in 1968 and offers a public bar, restaurant, conference […]
Prized waterfront icon the Bridge Hotel of Mordialloc has officially been listed for sale, offering a trophy asset in the southern capital. While the current two-storey structure was built 1870, a hotel has been on the site since circa 1851, the large-format premise occupying 6,961sqm, proximate to Mordialloc train station and multi-million-dollar properties and just
The Forbes Golf & Sportsmans Hotel, overlooking the idyllic Forbes Golf Course, is for sale by private owners. Forbes is a vibrant town in NSW’s central west on the banks of the Lachlan River, about 380 kilometres west of Sydney, counting local population approaching 10K. Set on a 3,157sqm lot adjoining a motel, the two-storey hotel has
FORBES GOLF & SPORTSMANS ON PAR FOR HANDS-ON OPERATOR Read More »
One of Sydney’s oldest and most beloved pubs, home of the first pub-brewery, the Lord Nelson in The Rocks, has been bought by pub king and brewer of late, Arthur Laundy. Landmarking the corner of Kent and Argyle Streets, the multi-storey building, in Old Colonial Regency style, was constructed in the late 1830s from local
City-fringe companion the Friend in Hand of Glebe has returned to market, as Marcello Colosimo’s Momento maintains impetus on its north-west expansion. The corner local keeps a large trading footprint and revenue-producing space across two levels. It saw an extensive renovation and refurbishment in 2021. It was purchased mid-2022 by Momento from Wallaby publican
Colourful stalwart of Surry Hills the Evening Star has been snatched by the Kospetas family’s cosmic Universal Hotels. The Evening Star holds history attendant with the precinct, once home to media and newspaper tycoons partaking of its liquid offerings. Located on Elizabeth Street opposite Sydney’s Central Station, it is on the doorstep of the new
Aspiring hotelier Jon Adgemis has reportedly finally locked in the $400 million refinancing to save Public Hospitality Group, as lenders mandate management and a Masterchef joins the project. According to sources in finance, Deutsche Bank and other lenders have executed a refinancing deal on around two-dozen assets in the Public (PHG) portfolio. Deutsche was
Dave Tomic’s bellicose Black Rhino has chased down another prized local in Millicent, adding the Grand Hotel to the growing portfolio. The elegant two-storey Grand Hotel, built in 1900 in the Federation style from local sandstone, is the most recent hotel to inhabit the town, behind the only other two nearby pubs, the Somerset and
Lancer Group’s Royal Hotel in regional hub Tumut is being sold with plenty of blue sky, as investor owners in Sydney look to consolidate. Residing on a substantial 3,250sqm, the Royal is a classic two-storey brick structure built in 1854, with a full-length balcony overlooking Tumut main drag Wynyard Street. The pub provides a large
Recent freehold sales in the Victorian capital signify the resurgence of activity in the market as sharp yields reflect both investor and industry interest. The freehold interest in the Cornerstone Hotel of Port Melbourne transacted in recent weeks at a confidence-inspiring yield of 4.50 per cent. Built 1860, the staunch two-storey Georgian brick pub reflects
MELBOURNE METRO FINDING ‘MARKET-DEFYING’ RESULTS Read More »
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