Property

ENDEAVOUR SETS COURSE FOR FIVE ISLANDS

Ludlow Hospitality and Paddy Coughlan have flipped popular Illawarra pub Five Islands to Mark Kennedy’s Endeavour Hotels. The former Cringila Hotel was built in 1956. The Gravanis brothers’ Oscars Hotels bought the tired operation, promoting itself as a ‘daddy daycare’ for male patrons, and executed an extensive $2.5 million-plus makeover. Reborn as the Five Islands,

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HAKFOORT FAMILY TEMPT HPI AND AVC OUT OF STANLEY

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

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