Ashton Waugh has topped a list of bidders competing for Waterloo’s Grosvenor, taking the city-fringe pub for circa $8.5 million. Having purchased it from Riversdale in 2010, former CCA executive Denis Hickey and business partner Warwick Negus sold it for $5.3 million in 2017 to an overseas investor, who has had it running under management […]
Hunt Hospitality has a little more Hunter with acquisition of the Imperial Hotel at Maitland, in time for a local get-together. Built 1851, a block from the Hunter River, the Imperial Hotel was established back when goods were still delivered via small barges and vessels plying the waterway. In 1994 it became Shenanigans at the
Ned Kelly has grown his posse of regional hotels with acquisition of the freehold going concern of the Tattersalls Hotel in Casino. Local publican Craig Lusby bought the pub in 2011, and after nearly a decade and eyeing retirement he noted the favourable market conditions and listed the business in May. Kelly & Co Hotels
The acquisitive Roche Group has struck again, taking Uralla’s Thunderbolt Inn from the Moore family. Established 1909, the Thunderbolt – aka The Bottom Pub – is a stately, two-storey Federation structure with ornate lacework adorning verandas on two street fronts. It provides public bar and TAB, gaming room with nine EGMs, commercial kitchen and bistro,
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner of the Nepean Highway in Cheltenham, 20 kilometres south-east of the Melbourne CBD, the Tudor
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera is around two and a half hours’ drive north-east of Adelaide, on beautiful Lake Bonney
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales. The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and a manager’s residence. Its central position on Murwillumbah’s main street provides high vehicular and pedestrian
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has been sold by public auction. Occupying a generous 2,453sqm, the Royal has one of the
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a licensee’s apartment upstairs, as well as a small bottleshop, barbershop and other facilities on the
EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL Read More »
Growing local hotelier Jim Knox has expanded his collection with purchase of the Royal Hotel in Moree from long-term owners Deb and Tim Evans. The Royal of Moree is a large, two-storey brick pub with a generous Federation-style parapet, on a prominent corner. It offers public bar with TAB, commercial kitchen, bistro, gaming room with
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