Real Estate

IRIS’ $65m PLANS FOR THE BOURBON EMPIRE

Posted on October 16th, 2020 by Clyde Mooney
Iris has put out its $65 million proposal for the redevelopment of four adjacent Potts Point sites, between the iconic The Bourbon and the Empire Hotel. Piccadilly Hotel Operations Trust P/L, connected to Iris Capital, has worked through an extensive

FIRST-TIMERS PLUCK ROSE OF ROZELLE

Posted on October 12th, 2020 by Clyde Mooney
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

HARVEST EXPANSION ON TRACK IN ALBURY

Posted on October 9th, 2020 by Clyde Mooney
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

BALMORAL LIST APPROVED FLAGSTONE TAVERN

Posted on October 9th, 2020 by Clyde Mooney
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

NEW DEAL ON THE OLD FITZ

Posted on October 7th, 2020 by Clyde Mooney
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

THORPE HAT TRICK TO REVIVE THE DUKE

Posted on October 2nd, 2020 by Clyde Mooney
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

LAUNDYS PASS SWANSEA TO HUNTERS

Posted on September 30th, 2020 by Clyde Mooney
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

TWO ‘MAGNETIC’ PUBS FOR SALE

Posted on September 30th, 2020 by Clyde Mooney
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

CHARTER HALL INVEST IN ALH’S PARAP

Posted on September 25th, 2020 by Clyde Mooney
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

REBOUND REFLECTED IN REDCAPE Q1

Posted on September 23rd, 2020 by Clyde Mooney
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