Another big year predicted in pub real estate kicked off with news of White & Partners divesting suburban stalwart the Engadine Tavern to a local for $31 million, realising nearly 40 per cent in capital gains. A trust controlled by the White family’s investment arm has on-sold the Tavern, having successfully positioned it for a […]
Ending speculation on its future, the deal has been finalised on sale of The Old Fitz in Woolloomooloo to developers W Property. Standing proudly on a corner of Dowling Street in Sydney’s waterside precinct, the Old Fitzroy Hotel boasts a 237sqm site and three-level trading footprint, plus potential for a rooftop beer garden (STCA). It
The Royal Hotel Tumut has been sold to an unnamed Sydney-based hotel investor as the region continues to benefit from massive infrastructure investment. The Royal is a classic two-storey brick structure on a 3,250 sqm lot, with a full-length balcony overlooking Tumut main road Wynyard Street. It provides a welcoming public bar, kitchen and bistro,
Amid the respite of a strong end to a stormy year, ASX-listed Redcape has exchanged contracts to acquire O’Donoghues Hotel in Emu Plains for $30.5 million. The western Sydney pub is a large-format local, offering a classic mix of food & bev, functions, entertainment and gaming room with 30 machines. It is currently at 440
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the end was near, she listed the freehold going concern in late 2019. While contracts were
The burgeoning Thorpe Hospitality has orchestrated a serious shake-up, divesting flagship The Taphouse while taking on two new venues, and rebranding to become Odd Culture group. James Thorpe’s outfit first entered the Sydney pub scene with acquisition of Darlinghurst sweetheart The Local Taphouse in mid-2017. Around a year later the Thorpe brothers opened their innovative
By Grant Jones The Geelong Football Club has divested the Brook Hotel in south-west Melbourne to the Melbourne Racing Club in a play to ditch gaming. The venue at 215-221 Sneezes Rd in Point Cook was first put on the market in 2016, and subsequently leased to the Cats until at least 2029 plus three
Oscars Hotels has sold the once infamous Plantation Hotel for around $10 million to a Sydney publican and new entrant to the industry. The large-format Plantation occupies a prominent 3,000sqm lot in Coffs Harbour, providing an oversized bar with multiple service points, popular bistro, gaming room with 15 machines and attractive beer garden all under
Pub king Arthur Laundy has snapped up another Top100 pub, paying long-time owner Martin Secheny $35 million for the Bidwill Hotel – the latest addition to the Laundy local area. Occupying a generous 4,300sqm block in the north-western Sydney suburb, the Bidwill Hotel offers a spacious public bar with single service point, gaming with 30
Queensland hotelier Tony Prentice is lightening the portfolio, offering up the Commercial Hotel of Gatton after an unexpected 15 years. Built 1927, the Commercial is the pub “Where everyone knows your name” and one of the oldest in the Gatton-Laidley LGA, 92 kilometres west of Brisbane and home to around 1,500 people. The Commercial offers
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