Two enthusiastic nearly-newcomers have taken the keys to Rozelle’s former Ruby L’otel turned Native Rose Hotel. Matthew Younger and Kaine Costello have purchased the lease on the Native Rose from Mark Fethers and Tanya Maystrovoich, securing a deal for 17 years with options. The pub is located on bustling Victoria Road, adjacent to Balmain and […]
Heralding a new focus on pubs, Harvest Hotels has expanded with the freehold going concern acquisition of Brady’s Railway Hotel for around $10 million. Harvest is fronted by hospitality die-hards Fraser Houghton and Chris Cornforth, who wield a focus on strong operations in select regional precincts and already count operations in Tamworth, Yass and Orange.
Balmoral Hospitality Group has put its ready-to-build Flagstone Tavern site on the market, citing greater focus on further opportunities home in NSW. Joel Fisher and Andrew Denmeade’s Balmoral Hospitality Group (BHG) purchased the greenfield project in early 2019, shortly after divesting their former Denfish portfolio to Redcape in late 2018. The 3,975sqm site is located
In the end of an old era, Woolloomooloo hotelier Gary Pasfield has listed the lot at his city-fringe stalwart, the Old Fitzroy Hotel. Overseeing the corner of Dowling and Cathedral Streets on a commanding 237sqm site in Sydney’s bustling waterside precinct, the Old Fitzroy Hotel boasts a three-level trading footprint with scope to activate a
The Duke of Enmore has a new master, with the leasehold interest sold to emerging Sydney operator James Thorpe. The Thorpe brothers took on Darlinghurst beer mecca The Taphouse in 2017. They took their next step into Petersham’s Oxford Tavern in early 2019. Enmore’s The Duke occupies a 430sqm block on the corner of Enmore
The Laundy family has brushed up the portfolio with sale of the big Swansea Hotel, sold in a second deal with the growing family-run Hunter Hotels. “We plan to be active in this environment both in terms of reviewing opportunities to buy and sell assets,” offered group patriarch Arthur Laundy A.O. “Sitting still at this
Two large hospitality businesses on Queensland’s Magnetic Island have come to market, as a family operation looks to wind up and capitalise on the market for strong-performing coastal assets. Magnetic Island is eight kilometres off the coast from Townsville, with 2,335 permanent residents. Only a 20-minute ferry ride away, it is effectively a suburb of
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its high-quality food, beverage and retail liquor business, and regularly ranked Top 10 in the Territory
ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19 August, which included noting revenues during July 2020 throughout its newly-reopened fleet above that of
Australian Venue Co. has announced its first post-COVID acquisition, signing on for the long-term lease of the historic Robe Hotel on the South Australian coast. The heart of the town of Robe, the Hotel will be AVC’s newest oldest pub, taking over from Melbourne’s Duke of Wellington, founded in 1853, which is Melbourne’s oldest pub.
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