Real Estate

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

WAGGA HATTRICK AS BUYERS TAKE WHAT THEY CAN GET

Posted on May 10th, 2021 by Clyde Mooney
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub

IPO-BOUND AVC ADDS TWO MORE

Posted on May 7th, 2021 by Clyde Mooney
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks,

JACARANDA ON OFFER: FIRST TIME IN 56 YEARS

Posted on May 7th, 2021 by Clyde Mooney
Grafton’s Jacaranda Hotel has been listed for sale by the long-serving Stokes family, who have held it for over five decades. The Jacaranda is a classic two-storey timber structure on a generous 2,037sqm corner lot in the heart of the

FEROS OFFERS UP TERREY HILLS TAVERN

Posted on May 5th, 2021 by Clyde Mooney
Feros Group has announced the very large-format Terrey Hills Tavern is back on the market, as they look to focus on a swathe of opportunities in Sydney’s south. Nick and Chris Feros' group has listed the Northern Beaches landmark, as