Patrick Gallagher and partners have found success in the sale of their large-format Meadowbrook Hotel, tempting a New South Welshman into a thriving gaming operation in the heart of Queensland’s south-east. Located roughly midway between Brisbane and the Gold Coast, the pub enjoys an ideal catchment encompassing retail, commercial, medical, industrial and residential premises, being […]
Property developer Virtical has stepped up its hospitality footprint, exchanging contracts with MA Financial to acquire the high-profile Kinselas and Courthouse hotels, in Taylor Square. In November 2020, the unlisted MA Taylor Square Fund acquired the prominent Courthouse Hotel on Oxford Street for $22 million from the family of late hotel patriarch Claude Wright, who
Australian Venue Co is in The Court, announcing a conditional acquisition agreement to purchase the loud and proud venue in Perth’s entertainment precinct. Established in 1888, The Court’s long in the city includes its long association with the LGBTQIA+ community, which it has embraced since the 1990s. For the past 18 years it has been
After months of bartering and a massive public campaign to buy and save it, Melburnian music legends Shane Hilton and Leanne Chance have bought Collingwood’s historic The Tote Hotel. Previously known as the Ivanhoe Hotel, the 1870-built pub was renamed The Tote in 1981. Equipped with a late-night licence and capacity for up to 408
Kickon Group has kicked again, bringing more skin into the game with purchase of The Dock and Wharf in Mooloolaba, on the Sunshine Coast. Overlooking the picturesque Mooloolah River and Marina, The Dock offers bars, a 500sqm restaurant seating over 300, multiple function rooms and an open-air beer garden. The largest pub operator in the country, Australian Leisure
Chasing the news of two sales in the past fortnight, Redcape Hotel Group has announced the off-market sale of both the Shafston Hotel in Brisbane and the Central Hotel in Shellharbour. The big, multi-level Shafston Hotel is in East Brisbane, close to the Brisbane River and Gabba Stadium. Redcape acquired it from the exiting Delaware
Redcape’s historic and beloved Aspley Hotel in Brisbane’s north has sold off-market to local operators Star Hotels. The Royal Exchange Hotel was built on the site in 1875, before the current building, designed by architects Addison and Macdonald, replaced it in 1934. It became a landmark of Gympie Road, for years marking Brisbane’s northern outskirts.
Global investment giant KKR has formalised an agreement with alternative investment firm PAG for purchase of its controlling share in Australian Venue Co (AVC) in a billion-dollar-plus deal. Today’s announcement finalises a process that began nearly a year ago with a strategic review of the group’s market value. Although terms of the transaction were not
Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay, with anticipated collective sale price of more than $50 million. It’s understood it is looking
An up-and-coming developer has bought Sydney’s famous The Republic, prompting speculation the pub may see redevelopment. The trophy hotel has reportedly sold for around $40 million to diversified property group Virtical, which it’s said is seeking to capitalise on its strong underlying attributes, including its CBD core location. Led by MD Mark Toma, Virtical described
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