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
Recognising the industry is back up and running, the new Malouf partnership has cemented the deal on their first Queensland operation in John Murphy and John Cornish’s Shearer’s Arms Hotel. The newly-formed North South Pub Co (NSPC) is Matthew Coorey and Richard Malouf, in partnership with Ed and Justin Malouf of Royal Hotels fame in
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for $45 million, following the investment bank’s very recent purchase of the Courthouse Hotel on the
ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of hospitality venues across four continents and employs over 60,000 people. At one point it was
Victorians are making hay in the sunshine of eased restrictions as opportunities emerge and the countdown to Christmas begins in earnest. This week brought the highly anticipated move to one patron per two square metres and no cap on numbers, plus the return of vertical drinking. QR codes remain mandatory but masks are optional. With
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