ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had been “distorted” by COVID-19 in the second half of the financial year. Despite “materially higher” […]
Enmore’s revitalised The Duke has come to market as a post-COVID opportunity in a suppressed trading environment. Located on a sizeable 430sqm block on a corner of Enmore Rd, The Duke saw a significant renovation in late 2018 at the hands of former Drink n’ Dine front man Jaime Wirth. Leveraging his successes with comparable
Publican Sam Cruikshank has put to market his polished Woodenbong Hotel in northern NSW, including an adjoining vacant block of land for further prospects. Cruikshank and business partner David Dean operate the Turvey Tavern in Mt Austin, and Oriental Hotel in Newcastle. Late 2019 Cruikshank took on the Woodenbong, as it served as a good
The commanding Charles Sturt Hotel of Narrandera has found its way to market, joining its sister for a monopolist opportunity in a thriving Riverina town. Named in honour of the English explorer (Charles Sturt: 28 April 1795 – 16 June 1869) who led several expeditions into the heart of the Australian continent, the handsome
The De Angelis family has picked up the Macquarie Hotel in the heart of the Liverpool CBD for $43 million, representing a return to beginnings and the end of an era for Monarch and its powerful backers. De Angelis Hotels & Investments (DHI) holds a diverse portfolio of nearly a dozen Sydney pubs, including the
Redcape Hotel Group Management today announced full year FY20 results for Redcape Hotel Group (ASX:RDC), offering a solid perspective on the impact of COVID-19. RDC’s distributable earnings were on track for an increase of 22.1pc in the first eight months of the financial year against the previous corresponding period. The final result saw an overall
REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC Read More »
Surry Hills stalwart the Forresters Hotel has been purchased by Ben Carroll and Hamish Watts’ specialty group Applejack, marking their first pub venture in four years. Carroll and Watts worked together in the late 2000s within National Leisure & Gaming (NLG), before taking their own path and opening a total of seven bar-restaurants and two
Grafton’s generous Good Intent Hotel and adjacent retail shopping complex have been sold to a growing pub syndicate for a reported record price for the region. Hotelier Reg Hinch and builder Reg Want built the Good Intent in their home town back in 1957 at a lavish cost of £90,000, which equates to more than
Leading pub operators are calling on landlords for renegotiated conditions in the wake of COVID-19, prompted by the major losses in revenue across the board and second closure period for Melbourne. The call comes as news from research entity Morgan Stanley emerges that rental forecasts at retail properties could see reductions greater than 15 per
Former Dixon Hospitality stakeholder Michael Dixon has signed his first deal through his private vehicle Athena Hospitality, to acquire Queensland’s high-performing Central Tavern in Burpengary. Athena is understood to have lodged application with OLGR for the leasehold acquisition and transfer, representing the younger Dixon’s first deal outside Australian Venue Co (AVC) and predecessor Dixon Hospitality,
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