Investors and hoteliers are pushing top-dollar prices for strong assets in regional hot-spots, as hungry capital eyes the booming Australian hotel market. The freehold has been sold of the Grand Hotel in Armidale – a major locality in the New England region, with a population of circa 25,000. Built in 1921, the prominent brick Hotel […]
REGIONAL CENTRES ON FIRE AS HOT MARKET EYES THE BUSH Read More »
Universal Hotels has won its first bout for 2022, taking home the Bat and Ball Hotel of Surry Hills. Originally known as the Duke of Cleveland, the pub was built in 1929 on the corner of busy Cleveland and South Dowling Streets. Its proximity to both the Sydney Football Stadium and Sydney Cricket Ground have
Australian Venue Co. has continued its investment in Victorian pubs, taking the freehold going concern of the Anglers Tavern with another investment partner, EG Private Wealth. Maribyrnong’s Anglers Tavern is the largest food and beverage venue north of the Melbourne CBD, five kilometres north-west of the city, on an 8,270sqm lot boasting 160 metres of
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
SYDNEY RESTAURANT GROUP KICKS OFF PUB PLANS AT THE COAST HOTEL Read More »
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
Fraser Short has burst into Windsor, picking up two pubs in quick succession with new partners. The first to arise was Windsor’s well-known Fitzroy Hotel, operated by ‘Lion-heart Luke’ Ainscough, which has sold to the newly-formed syndicate of Fraser Short and Todd Jacques. Jacques already owns the Sunnyside Hotel, in the Newcastle suburb of Broadmeadow.
Moelis Australia Hotel Management has book-ended the big buys of Byron, paying $68 million for Delvene Cornell and David Gyngell’s Hotel Brunswick of Brunswick Heads. The Hotel Brunswick is an icon of northern NSW, 20 minutes north of Byron Bay, which opened in December 1940. The stoic two-storey waterfront hotel is famous for its enormous
MOELIS CAPS 21 WITH A BANG IN BYRON’S HOTEL BRUNSWICK Read More »
Australian Venue Co and listed partner HPI have announced an end of year portfolio shake-up, cashing in at Acadia Ridge and snapping up the entire ‘Booze Bros’ Saturno portfolio. Hotel Property Investments (ASX:HPI) has agreed to pay $66.1 million in conjunction with the Australian Venue Company (AVC) for Adrian and Leon Saturno’s collection of eight
The McCloy sisters have sold their award-winning Lucky Hotel of Newcastle to a new entrant to the NSW pub market, private equity banker Martin Scott and family. Previous incarnation the ‘Lucky Country Hotel’ was a lively part of Newcastle’s pub rock scene, until its name failed it and the doors closed, in 2002. Local family-operated
The expanding LocalsCo has added the landmark Bayswater Hotel to its collection of high-profile assets. The 123-year-old heritage-listed hotel resides on 6,452sqm between the Perth CBD and Airport, within Development WA’s Metronet East redevelopment area, boding an upgrade of the Bayswater Train Station. The pub counts three bars, a café, large format restaurant, function area,
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