Real Estate

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

RAY FAMILY DEPARTING THE IVY AFTER FIVE DECADES

Posted on April 20th, 2022 by Clyde Mooney
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

OSCARS SHAKE-UP SNARES MALOUFS’ BIG CAVES BEACH

Posted on April 13th, 2022 by Clyde Mooney
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

HARVEST WELCOME MORE WAGGA IN THE VIC

Posted on April 13th, 2022 by Clyde Mooney
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,

NELSON MEERS AT CROSSROADS FOR $160m

Posted on April 11th, 2022 by Clyde Mooney
The Nelson Meers group has set a new record for an Australian pub sale, putting up a reported $160 million for the massive Crossroads Hotel of Casula. Occupying a 1.28-Ha site at the junction of the Hume Highway and Camden

DON HODGE GROUP TAKE LAKE MACQUARIE

Posted on April 11th, 2022 by Clyde Mooney
The Don Hodge Group Inc has been announced as purchaser of the coveted Lake Macquarie Tavern in Mount Hutton, for a hot market $33 million. Mount Hutton is around 140 kilometres north of Sydney, and only 14 from Newcastle CBD,

GLYNN AND BARRET LIST COBBLERS TAVERN

Posted on April 11th, 2022 by Clyde Mooney
After four decades on the job, publicans Kieran Glynn and Arthur Barret have listed for sale Mandurah’s iconic Cobblers Tavern. Cobblers is on a 1,334 sqm lot in Falcon, adjoining a First Choice liquor store and numerous specialty shops. It

K2 CONQUERS BLUE MOUNTAIN

Posted on April 8th, 2022 by Clyde Mooney
Lawson’s picturesque Blue Mountain Hotel has sold to new capital from Sydney, seeing K2 Property Development Group partnering with Locky Paech’s Goodtime Group. Built 1848 as the Blue Mountains Inn, the venue is perched on a high-profile 965sqm corner block,