Property

MAGUIRE FAMILY EXIT AUSSIE AFTER 131 YEARS

Posted on August 15th, 2022 by Clyde Mooney
The Australian Hotel, established by the Maguire family in 1891, has been sold outside the family for the first time ever, to growing Sydney publican Warren Livingstone. A local western Sydney family was behind creation of the Australian Hotel, on

HAKFOORT FAMILY TEMPT HPI AND AVC OUT OF STANLEY

Posted on August 15th, 2022 by Clyde Mooney
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

NO-FRIEND YOUNG BUYS BAR BROADWAY

Posted on August 12th, 2022 by Clyde Mooney
Wallaby publican Bill Young has scored again, beating off competition to take the prominent Bar Broadway in Chippendale for a reported circa $36 million. The re-stapled freehold going concern, first known as the Westminster Hotel, then the Guys & Dolls

ADELAIDE JUMPS AS LATEST REAL ESTATE HOT SPOT

Posted on August 12th, 2022 by Clyde Mooney
Adelaide has cemented itself as the latest feeding ground for pub investment, as a reported $100 million worth of pub sales are announced, including Harvest’s new fund and a record price by ALH/Endeavour. The surge of transaction activity has been

RAYS USHER IN GUEST AS NEW IVY CUSTODIAN

Posted on August 10th, 2022 by Clyde Mooney
Blue Mountains landmark the New Ivanhoe Hotel in Blackheath has sold for the first time in nearly five decades, the Ray family passing the baton to Ray Reilly and business partner Adrian Guest. The Ray family have been running the

TOURIST FINDS NEW HOME

Posted on August 8th, 2022 by Clyde Mooney
Nick Quinn and partners have made up for lost assets, buying the Tourist Hotel in Queanbeyan, representing the first hotel sold in the precinct in a decade. Established in 1932, the handsome Art Deco pub occupies a 1,928sqm lot on

HARVEST PUT UP RECORD PRICE FOR QUINN’S CASTLE

Posted on August 5th, 2022 by Clyde Mooney
Quinn & Co have agreed to sell their thumping Windsor Castle Hotel in East Maitland for $51 million to the acquisitive Harvest Hotels, smashing the group’s own record for an inland regional pub. Around two hours’ drive north of Sydney,

GLENQUARIE TAVERN SETS LEASEHOLD RECORD

Posted on August 5th, 2022 by Clyde Mooney
Leasehold interest in the Glenquarie Tavern of Macquarie Fields, in Sydney’s booming south-west, has sold for a record-breaking $28 million, marking the first time it has ever changed hands. Located on 5,574sqm in the retail heart of Macquarie Fields, adjacent

BREAKING: AVC BUYS SAND HILL ROAD COLLECTION – AGAIN

Posted on August 3rd, 2022 by Clyde Mooney
More than two years after the pandemic halted everything in pubs, Australian Venue Co has again entered an acquisition agreement to purchase the urbane Melbourne collection of Sand Hill Road. In a rehash of the deal that almost transpired in

PORTER TEMPTS SYDNEY PUBLICAN TO MOSS VALE

Posted on August 1st, 2022 by Clyde Mooney
Southern Highlands identity Tom Porter has been sold his Moss Vale Hotel to a Sydney-based hotelier looking to relocate his family to the region. After three and a half decades on the job, Porter listed the pub last month, citing