Property

MATTHEWS PUSHES REGIONAL ENVELOPE WITH BENTLEYS

Family-owned Matthews Hospitality is expanding in its heartland with purchase of Bentleys Hotel, in South Australia’s Clare Valley. Matthews is one of South Australia’s largest family-owned hotel groups, having owned, operated and sold a total of 36 hotel licences and freeholds over the years since its inception during World War II by Seymour and Doris […]

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KELLY’S ROSE & CROWN AND CORRIMAL SOLD AFTER HOT PURSUIT

Following heated weekend negotiations, it has been announced Damien Kelly’s Rose & Crown Hotel Parramatta and Corrimal Hotel of Wollongong have sold for a combined $74.5 million. The properties went to market in January, under direction from Wexted Advisors, as the first tranche of assets to be divested out of Kelly’s troubled Pub Invest portfolio.

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ELEPHANT BRIDGE CROSSES INTO NEW MANN HANDS

One of Victoria’s oldest inns, the stately Elephant Bridge Hotel, has sold to a prominent farming family, who bring plans to reinvigorate the recently restored pub into the community. This historic two-storey bluestone establishment is described as “one of regional Victoria’s best restored and elegant” hotels. Built circa 1842 it still operates under its original

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SYDNEY RESTAURANT GROUP KICKS OFF PUB PLANS AT THE COAST HOTEL

Bill Drakopoulos’ Sydney Restaurant Group (SRG) has pulled the trigger on its plan for pubs, picking up the large-format Coast Hotel in Budgewoi. Well known as a restaurateur, Drakopoulos has paid $15 million for the Central Coast freehold, on a sprawling 5,100sqm mostly underdeveloped site overlooking the water, with an exclusive catchment area. Patriarch Bill

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ALH AND ENDEAVOUR BACK IN BUY MODE

Australia’s largest publican has completed its first Queensland transaction since its ASX listing with Endeavour, making a Commercial decision in another strategic region. Purchase of the Commercial Hotel Charters Towers is the first settled Sunshine State acquisition for Endeavour Group (ASX:EDV) since demerging from Woolworths last August. It follows the new entity’s first nationally acquired

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