The NRL has purchased the legendary Gambaro Hotel as part of investment plans to underwrite the future of Rugby League. The Australian Rugby League Commission, the NRL’s controlling body, is implementing a strategy to invest in hard yielding assets, aiming to strengthen its balance sheet so it can foster, develop, extend and provide adequate funding […]
NRL KICKS OFF INVESTMENT PLANS, BUYING GAMBARO HOTEL Read More »
Ending more than a century under stewardship of the Whelan family, the large-format Strathfield Hotel has sold for around $80 million to Sam Arnaout’s Iris Capital. The three-level pub was built in 1918 after WWI by John Whelan, courtesy of a windfall betting on a cargo of Scotch whisky thought to have been lost at
WHELANS SEE IRIS INTO GENERATIONAL STRATHFIELD HOTEL Read More »
Australian Venue Co forges ahead with investment in the Sunshine State, now acquiring Brisbane landmark The Boundary. Established in 1864, in Brisbane’s West End, the well-known pub was given a new lease on life in 2018 through a major renovation by KP Architects. AVC has been operating in Queensland since 2017, and in 2019 acquired
Taree’s large-format Manning River Hotel has been snaped up by the acquisitive syndicate led by Nick Quinn. Situated on Taree major thoroughfare Oxley Street, just a few hundred metres from the mighty Manning, the established Hotel claims many of the characteristics common to high-performing regional operations. It is historically Taree’s best-performing gaming venue, holding 20
Taphouse Group has sold its landmark Port Macquarie pub to an established hotelier for what is thought to be a record price for the area. Known as The Macca, the heritage-listed Port Macquarie Hotel was established in 1939, making it the area’s most longstanding pub. Occupying a generous 2,878sqm site it offers public bar, bistro,
Good Beer Company is back on the acquisition horse, buying comedy legend the Harold Park Hotel in Sydney’s inner west. In 1903 the pub on the Ross Street corner in suburban Forest Lodge was known as the Little Bridge Hotel, but long after it was destroyed by fire in 1959, a modern two-storey brick structure
Ged Dore has partnered again with private equity fund Black Fox Property, securing the Australian Hotel in idyllic Ballina, outside Byron Bay. The classic two-story ‘Aussie’ occupies a large 1,787sqm corner site, offering a main public bar, bistro, gaming room with 12 EGMs, a large beer garden, and 20 pub-style accommodation rooms, under a 3am
Fred and Sandi Brophy, the couple behind the famous Fred Brophy’s Boxing Troupe, have sold their last pub, the Kilkivan Hotel, to newcomers as they exit the industry. The Brophys owned the Cracow Hotel, 500 kilometres north-west of Brisbane, which was the birthplace of the renowned travelling boxing troupe. Travelling from Cracow to the capital
Publican Matt Coleman has executed a sale and leaseback on his Post Office Hotel in Forbes, as part of the further expansion of GDM Hotels, which includes purchase of Stockton’s Boatrowers Hotel. The historic Post Office was built 1864 and occupies a 670sqm high-profile corner block in Forbes – a town of circa 8,500 people,
Australian Venue Co has announced agreement to purchase nine venues in Western Australia from Ark Group and Colonial Leisure Group, for a reported $30 million. The conditional acquisition brings all seven venues under the banner of Ark Group. In Perth these comprise Durty Nelly’s, Market Grounds, The Generous Squire and the Bassendean Hotel, which is
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