The cornerstone Longueville Hotel is the latest is a procession of generational family exits to change hands, as long-timers the Campion family sell after nearly a century for reportedly close to $50 million. Occupying a gateway site fronting Lane Cove Village in Sydney’s lower north shore, ‘The Longy’ serves a large catchment of more than […]
ALH Group has teamed again with Charter Hall to purchase the Tandara Hotel in Sarina from pub pundits Waratah Hotel Group. The Tandara occupies a large 5,100sqm corner block fronting the Bruce Highway and Central Street, in coastal Mackay. It offers public bar, TAB, bistro, gaming with 31 Coastal authorities, beer garden, 15 motel rooms,
The Australian Hotel, established by the Maguire family in 1891, has been sold outside the family for the first time ever, to growing Sydney publican Warren Livingstone. A local western Sydney family was behind creation of the Australian Hotel, on 6k+ sqm on the border of Windsor. Facilities include public bar, bistro, indoor gaming room
The ASX-listed Hotel Property Investments (ASX:HPI) and Australian Venue Co (AVC) have sold the Lord Stanley Hotel in East Brisbane to Queensland faithfuls the Hakfoort Group. The re-stapled freehold going concern of the Lord, on circa 5,500 sqm, incorporating public bar, gaming with 40 machines, function space and beer garden, has reportedly sold for a
HAKFOORT FAMILY TEMPT HPI AND AVC OUT OF STANLEY Read More »
Wallaby publican Bill Young has scored again, beating off competition to take the prominent Bar Broadway in Chippendale for a reported circa $36 million. The re-stapled freehold going concern, first known as the Westminster Hotel, then the Guys & Dolls Hotel, Sutherlands Hotel and most recently Bar Broadway, came to market in May for the
Adelaide has cemented itself as the latest feeding ground for pub investment, as a reported $100 million worth of pub sales are announced, including Harvest’s new fund and a record price by ALH/Endeavour. The surge of transaction activity has been led by Greg Maitland’s GM Hotel Group, which is one of the largest stakeholders in
Blue Mountains landmark the New Ivanhoe Hotel in Blackheath has sold for the first time in nearly five decades, the Ray family passing the baton to Ray Reilly and business partner Adrian Guest. The Ray family have been running the 1930s old world pub known affectionately as ‘The Ivy’ for the past 45 years, since
Nick Quinn and partners have made up for lost assets, buying the Tourist Hotel in Queanbeyan, representing the first hotel sold in the precinct in a decade. Established in 1932, the handsome Art Deco pub occupies a 1,928sqm lot on Monaro Street beside a pedestrian thoroughfare to an adjacent 200-space council car park. The Tourist
Quinn & Co have agreed to sell their thumping Windsor Castle Hotel in East Maitland for $51 million to the acquisitive Harvest Hotels, smashing the group’s own record for an inland regional pub. Around two hours’ drive north of Sydney, ‘The Castle’ is a large-format hotel across a 6,613sqm lot, built in the 1920s. It
Leasehold interest in the Glenquarie Tavern of Macquarie Fields, in Sydney’s booming south-west, has sold for a record-breaking $28 million, marking the first time it has ever changed hands. Located on 5,574sqm in the retail heart of Macquarie Fields, adjacent to an Aldi supermarket and the Woolworths and Target-anchored Glenquarie Town shopping centre, the Tavern
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