Real Estate

THE FRIEND FINDS COLOSIMO IN NEED

Posted on May 4th, 2022 by Clyde Mooney
Glebe stalwart the Friend In Hand Hotel has been sold by Wallaby publican Bill Young to Marcello Colosimo’s Momento Hospitality. In a return to fortune, Young bought the pub in 2019 for around $10 million. His father and the Young

PIPER LANDS MEREWETHER’S BEACH

Posted on May 2nd, 2022 by Clyde Mooney
Property guru Glenn Piper has sealed the deal on Andrew Lazarus’ magnificent Beach Hotel at Merewether, in another new record for the Newcastle region. The large-format heritage-listed pub occupies a 1,850sqm site just three kilometres from the Newcastle CBD, with

PENDLE INN HOTEL THE LATEST BIG WESTERN SYDNEY SALE

Posted on May 2nd, 2022 by Clyde Mooney
Another big western Sydney pub has sold, with a private family the latest riding the gravy train on skyrocketing values through sale of their rail-side Pendle Inn Hotel. Established in the 1950s by the vendors, the pub’s sale now represents

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