David Tomsic’s Black Rhino Group has gone again in South Australia, picking up the full-of-potential Portside Tavern in Port Pirie for $3.6 million. The Portside Tavern is a large, two-storey stone structure with a mostly enclosed balcony facing two streets, on its large 1,216sqm corner lot. Extensively upgraded a few years ago, downstairs it offers […]
Justin Hemmes’ empire has announced another $62 million in acquisitions, expanding in Sydney’s inner west with Norton’s Irish Pub and the Lorne Hotel, south of Melbourne. Mere metres from Lorne’s main beach, the Lorne is the end destination for the famed ‘Pier to Pub’ swim. It features a public bar and extensive beer garden, bistro
MERIVALE $60m DOUBLE-TAKE, INTO LEICHHARDT AND LORNE Read More »
The growing syndicate of Martin Short, Sean O’Hara, Jamie Malouf and Co. has acquired the large-format and highly acclaimed Moonee Beach Tavern in Coffs Harbour from Harry Barry. The Tavern is a very large-format family-oriented local, on a huge 1.17-Ha site set back from the beach, off the Pacific Highway, exposed to local and passing
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to up to 720 people and hosting regular live drag performances. Keystone purchased it in 2010
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies a large 3,152sqm corner block on Wilson Street and dates back to 1857. It saw
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s south west, 27 kilometres from the CBD, and comprises an integrated complex across a large
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub with a spacious public bar and claim to “one of the most expansive ranges” of
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks, Australian Venue Co (AVC) has increased the portfolio with its second pub in Yarrawonga, and
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast earlier this year, and Tattersalls in Penrith last year. They had recently completed an extensive
Another Wagga Wagga hotel hotel has sold sold, as the famous Romano’s joins a family in Riverina pub ownership. The landmark Romano’s Hotel has been in the hands of a syndicate of local and Sydney-based owners since 2016. The investors spent $1.6 million on a strategic renovation and refurbishment, predominantly of the ground floor and
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