Property

BUNDY’S RAILWAY ON NEW TRACKS

Bundaberg hospitality stalwart Stephen Paterson has handed over his town favourite, the Railway Hotel, with the Spotted Dog Café, Bar and Grill, to first-timer Adrian Evans and partners including Arthur Laundy. Mid-2020, the iconic Spotted Dog Tavern and adjacent backpackers hostel were lost to a massive fire. The Dog was Paterson’s sixth hotel, and speaking …

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REDCAPE WRAPS TWO MORE SALES, FOR NOW

After seven premium sales, high-profile pub operators Redcape have not ruled out further adjustments to the asset sheet. The Moelis-managed fund has continued its strategic divestment initiative, which sees another three this week, with Redcape saying all buyers were long-term industry participants, who have “been through the cycles and continue to see long term value …

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REDCAPE SELL-DOWN DROPS MT ANNAN IN S-W SYDNEY

High-flying pub group Redcape “continues momentum” in its recent divestment program, with the big-ticket sale of its prized Mount Annan Hotel to an established Sydney hotel family. Redcape de-listed from the ASX in September 2021, with shareholders hoping to achieve higher valuations and MA Financial retaining 39 per cent of the $1.4 billion portfolio. At …

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COMISKEYS MARCH INTO THE IMPERIAL

Queensland juggernaut the Comiskey Group has announced the addition of the all-purpose Imperial Hotel of Eumundi to its collection of large-format Queensland pubs. Established in 1911, the Imperial is a classic two-storey Queenslander “with a modern touch” that provides multiple bars, a bistro, gaming room, a drive-through and two satellite bottleshops, an on-site distillery and …

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GALLAGHER DEPARTS MEADOWBROOK

Patrick Gallagher and partners have found success in the sale of their large-format Meadowbrook Hotel, tempting a New South Welshman into a thriving gaming operation in the heart of Queensland’s south-east. Located roughly midway between Brisbane and the Gold Coast, the pub enjoys an ideal catchment encompassing retail, commercial, medical, industrial and residential premises, being …

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