Paddington’s famed and once-hatted Four in Hand has been sold again, for $8.25 million, this time to well-known hotelier Colin M Parras. Previously the domain of celebrity chef Colin Fassnidge, under the ownership of Joe Saleh, the pub acclaimed for its restaurant prowess was sold in 2015, to Mitchell Waugh’s PHMG (Public House Management Group) […]
Ned Kelly and friends have struck again, swooping on the re-stapled Criterion Hotel in the wild Weston growth corridor of the Hunter Valley. The freehold has been owned by Sydney-based Peter Calligeros, owner-operator of Surry Hills’ Trinity Bar and both the Rag & Famish and Treehouse Hotel in North Sydney, while the Criterion has been
Sam Arnaout’s Iris Capital has pounced on a portfolio of 17 Ibis hotels from Accor Invest in a deal worth $180 million, making it the biggest hotel transaction of the year. The massive deal is for 17 freehold hotels, amounting to nearly 1800 rooms, all operated by Accor – the largest hotel operator in Australia.
The stoic Olympic Hotel in Sydney’s Paddington has been sold to former Newcastle publican Wayne Lambert, with plans for glory. Dominating the corner of Regent Street and bustling Moore Park Road, the three-storey Georgian pub occupies a 533sqm lot, offering a public bar, commercial kitchen and large dining room with its own bar, and gaming
Justin Hemmes’ Merivale has emerged from the slowdown swinging, snapping up Good Beer Co’s the Duke of Gloucester Hotel for around $32 million. Dominating the intersection of Frenchmans and Clovelly roads in Randwick, the expansive two-level heritage pub is known locally as The DOG, and was bought by John Azar’s Good Beer Company (GBC) from
Sydney hospitality giant Solotel has announced completion of the sale of the iconic Green Park Hotel to precinct hero, St Vincent’s Hospital Sydney. Built 1893, the three-storey Darlinghurst institution and destination venue for Mardi Gras celebrations will soon be repurposed for hospital-related patient care, training and research. “The Green Park Hotel has been part of
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD, the Jubilee Tavern in Airlie Beach, and the Summerhill Hotel, 12 kilometres north of the
HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS Read More »
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868, finding its name to honour the royal visit to Brisbane by Queen Victoria’s son Alfred,
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million. The Courthouse is an icon of the Oxford Street precinct, the four-level main property landmarking one of the four corners of Taylor Square,
ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will complement its portfolio of “suburban community hotels in high growth areas” – predominantly in western
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