ALH PUB SALE SETS NEW BENCHMARK
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner
BLACK RHINO BUOYANT ON LAKESIDE BARMERA
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera
DIXON AND EUMUNDI GO TO COURT HOUSE
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales. The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and
BLUE-CHIP SALES TIGHTENING YIELDS
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has
PHMG PLAN NEW HURSTVILLE HOTEL
PHMG is working with developers on a brand-new family-friendly pub within a major new retail and commercial development in Hurstville. Currently under construction, One Hurstville Plaza is a $60 million 14-storey office tower at 288 Forest Rd, between Westfield, Hurstville
EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a
KNOX GOES MORE IN MOREE
Growing local hotelier Jim Knox has expanded his collection with purchase of the Royal Hotel in Moree from long-term owners Deb and Tim Evans. The Royal of Moree is a large, two-storey brick pub with a generous Federation-style parapet, on
NEW TEAM INTO BRIGHT BROLGA HOTEL
The thriving Brolga Hotel of Coleambally has been sold by successful first-timers to new ambitious first-timers Darren and Nathan Maddison. Located north of Albury, around 600 kilometres south-west of Sydney, Coleambally is home to around 650 people, and one pub
ROCHE RICH-LISTERS CONTINUE EXPANSION INTO PUBS
A new generation of hotel royalty is stepping up its footprint in pubs, with rich-listers the Roche family consolidating their pivot with purchase of Armidale’s Royal Hotel. The Royal is the latest acquisition by the Roche Group, headed by Bill
STAR GROUP SEES BLUE SKY IN TOWNSVILLE
Star Hotels’ expansion and diversification continues with purchase of the Central Hotel in Townsville. Steven Shoobridge’s Star Group lays claim to being Queensland’s largest independently owned and operated pub and liquor retail chain. The company moved into hospitality in 1996
