Real Estate

SYNDICATE PARTING WITH CASINO’S CECIL

Posted on September 7th, 2021 by Clyde Mooney
Amid a flood of northern rivers transactions, a local syndicate has put to market Casino’s big Hotel Cecil – run under management for over four decades. The prominent two-storey pub, with upstairs wraparound veranda, fronts main road Centre Street through

CAPERTEE ROYAL UP FOR GRABS

Posted on September 6th, 2021 by Clyde Mooney
The handsome Royal Hotel of Capertee is for sale, bringing plenty of blue sky for an entry level price in a growing region of the mountains west of Sydney. After being leased for five years, the pub operation was returned

WALKER TRADES UP TO ADAM’S

Posted on September 3rd, 2021 by Clyde Mooney
Fresh from his divestment in Leichhardt, Peter Walker has upped the ante, purchasing Adam’s Tavern in Blacktown from long-term owner and creator, Bob McGhee. Walker sold Norton’s Irish Pub to Justin Hemmes’ Merivale mid-May for $24 million. He has now

POWER PUTS UP IRISH PUB DEVELOPMENT PLAY

Posted on September 3rd, 2021 by Clyde Mooney
Brisbane identity Mick Power has put to market his beloved D’Arcy Arms Irish pub in Surfers Paradise, with additional land and development opportunity. The D’Arcy and an adjoining property, currently used for parking, are on a 3154sqm site on the

STANFORDS SELLING SUPERSIZE VINEYARD HOTEL

Posted on September 1st, 2021 by Clyde Mooney
After more than four decades, the Stanford family has put up its extremely large-format Vineyard Hotel and operation, in Sydney's northwest growth corridor. The mixed-use hospitality operation is on 76,900sqm on a corner of Windsor Road, providing a traditional sports

ROCHE MAKES ANOTHER EXCHANGE

Posted on September 1st, 2021 by Clyde Mooney
Expanding hotelier Dominic Roche has swooped on the historic Exchange Hotel of Kyogle, in further demonstration of the strength of the regional market. Kyogle is within the northern rivers region, around 80 kilometres due west of Byron Bay. The Inter-war-style

WAUGH WINS BATTLE FOR WATERLOO

Posted on August 30th, 2021 by Clyde Mooney
Ashton Waugh has topped a list of bidders competing for Waterloo’s Grosvenor, taking the city-fringe pub for circa $8.5 million. Having purchased it from Riversdale in 2010, former CCA executive Denis Hickey and business partner Warwick Negus sold it for

HUNT GOES LOCAL AT THE IMPERIAL

Posted on August 27th, 2021 by Clyde Mooney
Hunt Hospitality has a little more Hunter with acquisition of the Imperial Hotel at Maitland, in time for a local get-together. Built 1851, a block from the Hunter River, the Imperial Hotel was established back when goods were still delivered

ENDEAVOUR RELEASES FIRST FINANCIALS

Posted on August 27th, 2021 by Clyde Mooney
Australia’s largest drinks and hospitality business, the recently listed Endeavour Group (ASX:EDV), has announced its first end of financial year results, finding a less than positive reaction. After splitting from parent company Woolworths (ASX:WOW) in June, Endeavour hit the open

NED KELLY TAKES CASINO

Posted on August 25th, 2021 by Clyde Mooney
Ned Kelly has grown his posse of regional hotels with acquisition of the freehold going concern of the Tattersalls Hotel in Casino. Local publican Craig Lusby bought the pub in 2011, and after nearly a decade and eyeing retirement he