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 […]
One of Melbourne’s best-known establishments, the iconic Bush Inn, has hit the market with long potential. The large footprint pub occupies a high-profile corner on the borders of some of Melbourne’s most affluent suburbs, Toorak and Hawksburn. It provides trading area of more than 650sqm and capacity of 400 patrons, offering multiple bars and dining
Jon Adgemis’ Public Hospitality Group has beat major developers to buy the well-known Noah’s Backpackers on Bondi Beach for $68 million. Noah’s occupies a prominent 1,087sqm site at the world-famous Beach, comprising two corner buildings configured for 260 beds and offering a rooftop with spectacular ocean views. Like most businesses catering to this market it
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Acclaimed operator Ray Reilly has executed another team expansion, taking on Tim Condon’s Cricketer’s Arms Hotel in Balmain with a long-time employee as partner. The Cricketer’s Arms was established in 1872 and for many years served as host to the dockers and wharfies of the Peninsula and surrounds. In 1996 it underwent a major renovation,
Continuing the run of pub sales on Victoria’s famous Great Ocean Road, the Wye Beach Hotel has been sold, for the first time in over 30 years. Considered one of the state’s iconic coastal pubs, on The Road between nearby towns Lorne and Apollo Bay, the Wye Beach is the only Hotel in Wye River,
Ashton Waugh and Co are growing the pot, swooping on the O’Hara-owned Kelso Hotel in NSW landmark Bathurst. The Kelso is a large-format pub on a prominent corner, first established in 1860. It incorporates a classic public bar, gaming room with 20 EGMs, late-trading 3am licence, and 12 accommodation rooms. Bathurst is a regional icon
Industry stalwart Patrick Ryan has teamed with the recently unemployed former CUB CEO Peter Filipovic in a new independent pub venture, buying the Commercial Hotel at Redbank. The principal of Ryan’s Hotel has joined with the recently former head of Carlton & United Breweries to purchase the freehold going concern in the new entity’s maiden
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Jim Knox continues his New England penchant with purchase of both the Imperial Hotel in Inverell, and freehold of the Royal Hotel in Tingha. The two-storey Georgian Imperial was built on an expansive 2,063sqm lot on a major corner, and offers a public bar and TAB, gaming room with 10 EGMs, commercial kitchen and bistro,
After more than three decades of continuous ownership, the Kearney family have parted with their Beauford Hotel, in red-hot Steel City. The Beauford is a postcard-perfect corner pub in the Newcastle suburb of Mayfield, enjoying dual street frontage on a 1,473sqm block adjacent to the Coles-anchored Mayfield East Village Shopping Centre. It features a public
The big, boisterous Beachfront Hotel has been sold to the ASX-listed Endeavour Group, aka ALH, by long-term owner Doug Sallis. Occupying a massive 7,000sqm close to the Darwin CBD, Hospital and the Northern Territory’s largest retail centre, the Beachfront provides a public bar, beach bar, bistro, TAB and gaming room with 20 machines, a popular
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