Real Estate

BLACK RHINO LANDS PORTSIDE

Posted on May 21st, 2021 by Clyde Mooney
David Tomsic’s Black Rhino Group has gone again in South Australia, picking up the full-of-potential Portside Tavern in Port Pirie for $3.6 million. The Portside Tavern is a large, two-storey stone structure with a mostly enclosed balcony facing two streets,

MERIVALE $60m DOUBLE-TAKE, INTO LEICHHARDT AND LORNE

Posted on May 19th, 2021 by Clyde Mooney
Justin Hemmes’ empire has announced another $62 million in acquisitions, expanding in Sydney’s inner west with Norton’s Irish Pub and the Lorne Hotel, south of Melbourne. Mere metres from Lorne’s main beach, the Lorne is the end destination for the

SHORT O’HARA MALOUF GO AGAIN IN COFFS

Posted on May 19th, 2021 by Clyde Mooney
The growing syndicate of Martin Short, Sean O’Hara, Jamie Malouf and Co. has acquired the large-format and highly acclaimed Moonee Beach Tavern in Coffs Harbour from Harry Barry. The Tavern is a very large-format family-oriented local, on a huge 1.17-Ha

MATTHEWS STEPS UP WITH SALISBURY AND $13m INVESTMENT

Posted on May 19th, 2021 by Clyde Mooney
Matthews Hospitality has announced purchase of ALH’s Salisbury Hotel, as it invests more than $13 million into its South Australian communities. Matthews Hospitality is one of South Australia’s largest family-owned hotel groups, the Salisbury joining Feathers, Maylands, Buckingham Arms, Eyre,

UNIVERSAL SNAP UP NEWTOWN AS CLG EXITS

Posted on May 17th, 2021 by Clyde Mooney
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to

TENANTS TAKE THE TITLE AT SODEN’S

Posted on May 17th, 2021 by Clyde Mooney
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies

LEWIS LEAPS INTO RAMADA

Posted on May 12th, 2021 by Clyde Mooney
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s

HOTEL TULLY HITS HOT QUEENSLAND MARKET

Posted on May 12th, 2021 by Clyde Mooney
Hotel Tully, on Queensland’s Cassowary Coast, has hit the market amid increasing interest in tourism-laden regional assets.   Commonly known as the ‘Top Pub’, Hotel Tully was built 1926 and is considered a local landmark, with direct frontage to main

AVC HALTS IPO AND ALH KICKS OFF

Posted on May 10th, 2021 by Clyde Mooney
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to