Julian Gerner has found a good outcome with sale of his troubled Continental Hotel, with a buyer looking to resume restoration and development works immediately. Career hotelier Gerner bought into the Continental – aka the Conti – back in 2015. The Hotel is a striking icon of Sorrento, built in 1875, towering four-storeys of limestone […]
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The Murphy brothers are back in the game, picking up the freehold going concern of Singleton’s Imperial Hotel. In July freehold owners Walker Douglas Group (WDG) teamed up with lessee Callen Hotels to offer the business and property to a robust market starved of opportunity, particularly in sweet-spots such as Newcastle and surrounds. The Singleton
Dan and Janine Redman have ended two decades defining hospitality with the big-ticket sale of their beloved George Tavern Greenhills to Chris Thomas and Thomas Hotels. The George is a big, friendly pub on the New England Highway through Greenhills, 30-minutes north-west of Newcastle, on route to Maitland. Dan and Janine entered the pub game
One of Hobart’s favourite old watering holes has come to market amid partnership dispute, bringing approved DAs, and history of live music and solid trade. The iconic Republic Bar & Cafe first poured drinks as Rose Hotel House, back in 1831. Over the course of time it became the Rose & Crown, before major remodelling
Another Top200 gaming pub finds the market as Feros’ JDA Hotels and White & Partners offer up their high-performing Allawah Hotel in Sydney’s south-west. Allawah is around 20 kilometres from the CBD, beside bustling Hurstville, with its widespread development and population influx. The Allawah Hotel is Allawah’s only pub, and has begun benefitting from its
This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio expansion and enhancement. Total revenue increased 17.4pc, EBITDA 21.3pc against the prior corresponding period. Six
Parties have combined to bring the freehold going concern of Richmond’s RG McGee’s to market, triggering what will likely be one of the year’s hotly contested campaigns. RG McGee’s enjoys a sizeable 942sqm landholding within Richmond’s main retail and commercial precinct, beside a large Council car park also servicing a Dan Murphy’s and Coles supermarket.
Industry stalwart the Hurley Group has expanded beyond home state with purchase of Brendan Lawless’ elegant Ivory Tavern in Tweed Heads. NSW publican Brendan Lawless purchased the Ivory in 2017, taking option on the freehold going concern from a Brisbane-based developer. The waterside pub counts a bar, bistro, gaming room with 15 PMEs, function space,
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In the wake of offers to sell, the Empire Hotel and operation in the heart of Goulburn is being offered to market. The Empire occupies a sizable 1,578sqm block in Goulburn’s main retail and commercial area, in the centre between Charter Hall’s big shopping centre, the Goulburn Workers Club, and a large Council car park.
Hong Kong’s richest man has clinched a deal to buy Britain’s largest pub and brewery chain for a premium price of $AU8.2 billion. The original company was founded by Benjamin Greene in 1799. In 1887, under Edward Greene, it merged with Frederick William King’s business to create Greene King. From here the business grew largely
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