Real Estate

ALH TAKES LANDMARK MANLY HOTEL

Posted on July 16th, 2021 by Clyde Mooney
Australian Leisure & Hospitality (ALH) has charged into acquisition mode, taking the keys to the long-serving McDonald family’s Brisbane beachside landmark, the Manly Hotel. The two-storey brick pub on the corner of Cambridge Parade and Stratton Terrace, just a block

FORESTERS FOR FAMOUS FOUR

Posted on July 16th, 2021 by Clyde Mooney
Nightclub operator Famous Four P/L is the new owner of the Foresters Beer & Music Hall, in Collingwood’s latest pub deal. Following Julien Moussi’s Only Hospitality Group purchasing the Robert Burns Hotel in late June, Famous Four has snared the

CAMKIN CLOSES ON CAMDEN

Posted on July 14th, 2021 by Clyde Mooney
The stately Camden Hotel in Sydney’s burgeoning southwest has been sold by the McGrath family to Marlow Group GM Paul Camkin and freeholder Estelle Kremer for a reported $12 million. Located within the main commercial and retail precinct of Camden,

IMG HOTELS FURTHER MASSIVE MPK PORTFOLIO BUY

Posted on July 14th, 2021 by Clyde Mooney
Dubbo’s Western Star is the latest from the MPK stable to be bought by newcomers IMG Hotels, following their major portfolio purchase earlier this year. In April news emerged of sale of the whole freehold going concern portfolio of Nick

NEWCOMER ANSWERS CALL FOR COOEE HOTEL

Posted on July 12th, 2021 by Clyde Mooney
Michael Lucas and David Kennewell have secured their latest exit from the industry with sale of their Cooee Hotel in St Georges Basin for around $7.7 million. Brisbane-based Lucas and long-term partner Kennewell acquired the freehold of the pub, just

HARVEST MOVES ON WILLIAM FARRER

Posted on July 12th, 2021 by Clyde Mooney
Harvest Hotels has announced its successful acquisition of Wagga Wagga’s William Farrer Hotel. This is the latest regional hospitality venture for the group. It follows the revival of Tamworth’s oldest pub, The Courthouse, and purchase of Brady’s Railway Hotel Albury,

HUNT TAKES NEXT HOP, INTO HARRINGTON

Posted on July 9th, 2021 by Clyde Mooney
The ultra-waterfront Harrington Hotel has been sold by the Nixon family to the pub coast king, Stephen Hunt. Having purchased the pub in 1998, the Nixons have sold the Hotel in line with market guidance, sources say was $15 million,

IRISH TAKE OVER BALMAIN’S LONDON HOTEL

Posted on July 9th, 2021 by Clyde Mooney
Balmain's famed London Hotel has been sold off-market by the Stevens family to Ray Reilly and Co for $8.5 million.  The Stevens’ acquired the landmark pub on Balmain’s Darling Street in 1989 from the Coopers Brewing family. The family also

ALH’S ROYAL EXCHANGE IN BRISBANE ON THE MARKET

Posted on July 9th, 2021 by Clyde Mooney
ALH’s famed Royal Exchange Hotel in Brisbane’s Toowong has come up for sale, offering investors a trophy asset on an A-grade lease for the next 47 years. Occupying 2,453sqm in the river suburb of Toowong, the Royal is known to