Real Estate

AVC’S BIG INVESTMENT IN VICTORIA

Posted on October 27th, 2021 by Clyde Mooney
Australian Venue Co is “full steam ahead” on investment into Melbourne hospitality, announcing a revived Bimbo, beachside pop-up and no less than three new pubs for the stable. In expectation of a hot summer of strong economic recovery and record

HUNT FAREWELLS DUKE OF WELLINGTON

Posted on October 25th, 2021 by Clyde Mooney
Stephen Hunt’s Hunt Hospitality has flipped the august Duke of Wellington Hotel in New Lambton, selling for $16 million to Nick Walker’s Reklaw Hotels. The Duke was built 1876, named in honour of the famous commander of the English and

CAROUSEL INN ONTO MARKET MERRY-GO-ROUND

Posted on October 15th, 2021 by Clyde Mooney
The Stanford family continues its big-ticket divestment, listing its prized Carousel Inn, in north-western Sydney. Listing of the Carousel follows the family’s 2021 record sale last week of the Vineyard Hotel for $70 million. The Stanfords also still hold the

OSCARS PART WITH THE EMPIRE

Posted on October 15th, 2021 by Clyde Mooney
Oscars Hotels has sold the freehold going concern of Annandale’s Empire Hotel to Jon Adgemis’ new Public Hospitality Group. The Gravanis brothers’ group bought the pub mid-2019 from Sam D'agostino for around $10 million. It was being operated by Eric

AVC LETS GO DARLING & CO

Posted on October 15th, 2021 by Clyde Mooney
Australian Venue Co has divested its leasehold interest in Darling & Co, in Brisbane, to local sweethearts Catchment Brewing Co. Located in the Queensland capital’s affluent suburb of Paddington, the chic bar-restaurant previously incorporated a charter cruise business on the

HARVEST TAKES BIG HOP INTO WOY WOY

Posted on October 13th, 2021 by Clyde Mooney
Growing hospitality group Harvest Hotels has expanded beyond its base, taking the McIntyre family’s Woy Woy Hotel for $32 million. An old faithful of the Central Coast, ‘Ye Olde Woy Woy Hotel’ was built 1897, and known locally as “the

ENORMOUS VINEYARD HOTEL SELLS FOR ENORMOUS SUM

Posted on October 8th, 2021 by Clyde Mooney
Ending a hotly-contested campaign conducted entirely during COVID closure, the Stanfords have achieved a national record sale for 2021 of circa $70 million for their monolithic Vineyard Hotel. The extremely large-format Vineyard is a mixed-use hospitality operation on 76,900sqm on

PUB SALES FOR ALH AND THE LOADED DOG

Posted on October 8th, 2021 by Clyde Mooney
Pub sales continue unabated across the east coast, and if freehold going concerns and operations aren’t transacting investors are finding the deeds on investment freeholds. Listed funds manager Charter Hall has secured ALH’s Imperial Hotel for $6.618 million, representing a

BIG BELMORE RACES TO MARKET

Posted on October 1st, 2021 by Clyde Mooney
The Brownlee family have put to market their monarchical Belmore Hotel, in the NSW equine capital. Built 1866, the two-storey Belmore of Scone was originally named the Railway Hotel, before being renamed the Belmore in 1871, following a visit by

THE BIRALLEE JOINS AVC

Posted on October 1st, 2021 by Clyde Mooney
Australian Venue Co continues its investment into regional Victoria with acquisition of the popular Birallee Tavern of West Wodonga. The Tavern is a sandstone and brick structure, built in 1994, located in a shopping centre precinct in a significant residential