Real Estate

UNIONS VOW TO BLOCK JOHN CURTIN REDEVELOPMENT

Posted on May 2nd, 2022 by Clyde Mooney
Union heartland the John Curtin Hotel has been sold to an unnamed developer, but the city is fighting its demise and unions have vowed to make hell for any proposed project. Built in the 1870s, across from the Victorian Trades Hall

TAPHOUSE GROUP SELLING TWO IN PORT MACQUARIE

Posted on April 27th, 2022 by Clyde Mooney
Taphouse Hotel Group is shaking up the portfolio, offering up The Macca and Tacking Point Tavern coastal hotels, with expectations of a joint sale price to rival the run of recent records. The heritage-listed Port Macquarie Hotel, known locally as

PUBLICAN SAYS HOWLONG, AMID RED-HOT REGIONAL COMPETITION

Posted on April 27th, 2022 by Clyde Mooney
Growing regional publican Adam Drabarek has bought the Howlong Hotel, in the NSW border town of Howlong. Established in 1858, the single level brick Hotel occupies a prominent 2,023sqm corner site, with single bar operation, bistro, and gaming room with

GRAND HOTEL OF BUNDABERG IN NEW HANDS

Posted on April 27th, 2022 by Clyde Mooney
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

LUDLOW OFFLOADING FIVE ISLANDS

Posted on April 22nd, 2022 by Clyde Mooney
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

NED KELLY SCORES ANOTHER IN SCONE

Posted on April 22nd, 2022 by Clyde Mooney
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

ENDEAVOUR REPORTS PUBS UP

Posted on April 22nd, 2022 by Clyde Mooney
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

ORION SEES BLUE SKY IN KENT WALKER’S EARLWOOD

Posted on April 20th, 2022 by Clyde Mooney
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

KELLY PORTFOLIO SELL-DOWN FINALISED

Posted on April 20th, 2022 by Clyde Mooney
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

AVC REFINANCES AS BLUE-CHIP FREEHOLDS TURN GOLD

Posted on April 20th, 2022 by Clyde Mooney
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