Real Estate

ALH CUT LOOSE AS ALE BACKS OFF

Posted on June 21st, 2021 by Clyde Mooney
Australia’s largest publican is set to go it alone, as shareholders approve the demerger of Endeavour and ALE quietly divests more of the coveted ALH freeholds. On Friday 360k Woolworths shareholders overwhelmingly approved the spin-off of Endeavour Group from the

BLACK RHINO PICKS UP THE GEORGE

Posted on June 21st, 2021 by Clyde Mooney
David Tomsic’s Black Rhino Group has maintained momentum into South Australia, locking in his third pub in the new state – the George Hotel, in Millicent. Previously known as the Sportman’s Hotel, the rebranded The George is on main drag

ANGUS STEPPING DOWN FROM NEWCASTLE GRAND

Posted on June 18th, 2021 by Clyde Mooney
One of Newcastle’s classy old dames, the Grand Hotel, is for sale as long-term owner Mike Angus looks to retirement.   Built 1891, the two-storey Grand Hotel is a classic Victorian-era structure on a 340sqm block, stealing the stage as the

COUGHLAN BACK IN PUBS, TAKING OSCARS’ FIVE ISLANDS

Posted on June 16th, 2021 by Clyde Mooney
Pub mover and shaker Paddy Coughlan is back in the race with a remodelled vehicle and acquisition of Oscars’ Five Islands Hotel in Wollongong for over $20 million. The Gravanis brothers’ Oscars Hotels bought the freehold going concern of the

AVC GOES PARKSIDE IN ADELAIDE

Posted on June 16th, 2021 by Clyde Mooney
Australian Venue Co. has continued its confidence in South Australia with acquisition of Adelaide’s Parkside Hotel. Built 1958, the pub has been known as the Fountain Inn Hotel, but enters a new era courtesy of a recent renovation and new

MERIVALE DOUBLES DOWN IN NAROOMA

Posted on June 16th, 2021 by Clyde Mooney
Merivale has continued the buying spree with purchase of The Whale Inn, in Narooma, furthering its footprint on the New South Wales South Coast.  The Whale Inn is a boutique hotel and restaurant boasting breathtaking views of beaches and Wagonga

COMISKEY GROUP BLITZES AWARDS AS BIG EXPANSION BEGINS

Posted on June 11th, 2021 by Clyde Mooney
The Comiskey Group took home a swag of awards at the QHA Awards for Excellence this week, as they plan no less than five new projects in Queensland’s booming south-east. As per the Queensland Hotels Association’s system, the highly awarded

COOEEE PUTS OUT CALL FOR SOUTH COAST BUYERS

Posted on June 9th, 2021 by Clyde Mooney
The Cooee Hotel in St Georges Basin on the NSW south coast has been listed for sale as its passive owners make another exit. Brisbane-based hotelier Michael Lucas and long-term business partner David Kennewell acquired the freehold of the pub

AVC CHARGES INTO SEQ CAPEX

Posted on June 9th, 2021 by Clyde Mooney
Australian Venue Co continues its lavish Investment into south-east Queensland, with more acquisitions and two more of two dozen planned renovations underway. The corporate allegiance between Australian Venue Co (AVC) and ASX-listed HPI is representative of the State’s consolidated place

DUBBO’S BUNCHA FREEHOLD PLAY ON OFFER

Posted on June 9th, 2021 by Clyde Mooney
Dubbo stalwart the Buncha Hotel is being sold as a passive freehold with opportunity to take over later in the year. Otherwise known as the Railway Junction Hotel, the pub enjoys a generous lot on arterial Fitzroy Street, adjacent to