Prior high-flyer Riversdale group has completed its exit from the pub game, selling its last asset, the Lambton Park Hotel in suburban Newcastle. Australian Pub Fund, backed by business moguls John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million through its op-co Riversdale. The remaining entity, M.H Carnegie & […]
Duxton Pubs Group has announced another round of expansion, picking up two more prized venues on its road to the top. The South Australia-based group has added to the growing portfolio the Swanport Hotel in Murray Bridge, as well as the historic The Australasian in Goolwa, which recently underwent a major transformation and for which
Narrabri’s Namoi Hotel has an ambitious new owner with big plans and local appreciation. The pub was built 1914 as the Hotel Lloyd, holding a big 2,893sqm lot on main drag Maitland Street. Narrabri is a town of nearly 13k residents founded in 1860, roughly central to both Sydney, 521 kilometres south-east, and Brisbane, 575
Public Hospitality Group (PHG) has confirmed it has acquired The Maybe Group, adding one of the Top-50 bars in the world to its rapidly growing collection. Sydney-based PHG is led by Sydney businessman Jon Adgemis, who is executive chairman. They began what would be a rapid expansion in 2021 with purchase of The Strand from
The Comiskey Group has ended its long tenure at its greenfield Beachmere Hotel, handing over to new owners, a new investor-backed vehicle – Venu Hospitality Group. Comiskey Group is a successful family-owned hospitality company known for having built and operated iconic entertainment venues including Eatons Hill Hotel and Sandstone Point Hotel. The family constructed the
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Former finance CEO Byram Johnston has furthered the sophisticated investment hitting the sector, doubling his new portfolio with purchase of the historic O’Connell Hotel of O’Connell. Mid-2022 Byram and Deborah Johnston purchased their first pub, the Tarana Hotel, establishing Johnston Bros Hospitality Group (JBHG). Buoyed by its success, seeing turnover up more than 40 per
The reshuffle at ALH continues, with purchase of the only pub in coastal Rainbow Beach – the Rainbow Beach Hotel. Rainbow Beach is a growing coastal community around 100 kilometres north of Noosa, and known as the southern gateway to the world heritage-listed Fraser Island, just a 10-minute barge away. It also acts as a
Country celebutante Ned Kelly has exited the Weston local Criterion Hotel, handing the reins to coastal publican Adam Drabarek. Rodney ‘Ned’ Kelly bought the re-stapled Hotel with first-timer partner Corey Dunn in late 2020 from Peter Calligeros. Negotiating several crazy COVID years and several more acquisitions, welcoming to the gang Scone’s Belmore, the Tattersalls in
Michael Dixon’s Athena Hospitality has announced it is the name taking over from ALH at Brisbane’s triumphant Victory Hotel. Built in 1855, the pub was originally named the Prince of Wales. It is renowned as an example of 19th century architecture and has been on the Brisbane City Council heritage register since 2009, despite having
Jewel of south Townsville the Oonoonba Hotel has sold to a partnership including an interstate hotelier and two newcomers to pub ownership. The suburban stalwart was established in 1963, on a big 3,739sqm corner block with double street frontage, close to shopping centres, schools, residential complexes and the Townsville CBD. The Hotel offers a public
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