Real Estate

DORE CLOSES ON GREAT SOUTHERN OPPORTUNITY

Posted on February 19th, 2021 by Clyde Mooney
Berry's Great Southern Hotel has been sold for $6 million to a consortium fronted by well-known Sydney publican Ged Dore, in another example of the continued strength of NSW’s coastal market. Dore already owns an enviable portfolio of food &

GOOD TIMES SEEING DOUBLE IN ARMIDALE

Posted on February 19th, 2021 by Clyde Mooney
Good Times Industries has doubled down in Armidale, adding the two-storey Grand Hotel to its local portfolio. This year enjoying its centennial, the stately Grand occupies a generous corner lot of Rusden and Ohio streets, in the heart of town.

IRIS INVESTS IN IVANHOE

Posted on February 17th, 2021 by Clyde Mooney
In an early contender for the biggest national deal of 2021, Sam Arnaout’s Iris Capital has bought the northern beaches’ stately Ivanhoe Hotel on Manly Corso. Trading over three manicured levels, the Ivanhoe has long been a staple of the

STRONG HALF-YEAR RESULTS FOR REDCAPE

Posted on February 17th, 2021 by Clyde Mooney
Listed pub entity Redcape Hotel Group (ASX:RDC) has announced strong financial results for the half-year ended 31 December 2020, and a return to “full growth strategy” backed by a strong balance sheet.  Highlights for 1H21 included an increase in statutory

SHORT AND LAUNDY SPLASH AT LENNOX HEAD

Posted on February 15th, 2021 by Clyde Mooney
The impressive, beachside Lennox Hotel has been bought by a partnership between Fraser Short and Stu Laundy, ushering in a new flagship for local aspirations. The latest Short-Laundy hospitality consortium bought the large-format pub from the private Campbell and Lister

BIG BERESFIELD TAVERN AND BOTTLO LISTED

Posted on February 15th, 2021 by Clyde Mooney
The Beresfield Tavern and Bottle Barn have come to market, as accidental publican Craig Herbert looks to a return to his former love. Beresfield is a Lower Hunter Region town of over 3,000 people, roughly 23 kilometres north-west of Newcastle,

JDA WINS BATTLE TO GENERAL GORDON

Posted on February 10th, 2021 by Clyde Mooney
Suburban stronghold the General Gordon Hotel is the latest big-ticket Sydney pub sold, picked up by Feros’ JDA Hotels – weeks before it reopens from a fire that closed it over two years ago. In July 2018 news broke the

ALH TAKE JOE IRVIN’S BARKLY

Posted on February 10th, 2021 by Clyde Mooney
ALH has unleashed the chequebook, taking the title to Joe Irvin’s Barkly Hotel in booming Mount Isa. The Barkly enjoys a massive 1.35-Ha site in the regional town of Mount Isa – affectionately known as the ‘oasis of the outback’

ROMANO’S WAGGA WAGGA BACK TO MARKET

Posted on February 8th, 2021 by Clyde Mooney
Stalwart of Wagga Wagga hospitality, Romano's Hotel, is being offered for sale amid high demand and unrealised opportunities in regional strongholds. After unsuccessful attempts by long-time operator John Hussey to sell the asset in 2015 and 2016, Hayes Advisory was

BIG PRICE FOR BEST LITTLE PUB

Posted on February 8th, 2021 by Clyde Mooney
An unnamed Sydney investment company has snapped up seaside local the Jacobs Well Bayside Tavern for $8.5 million as market conditions bring south-east Queensland hotels further into focus. Jacobs Well Tavern Bayside enjoys a 3,946sqm block adjacent to the Jacobs