David Tomsic’s Black Rhino Group has maintained momentum into South Australia, locking in his third pub in the new state – the George Hotel, in Millicent. Previously known as the Sportman’s Hotel, the rebranded The George is on main drag George Street through town. The unobtrusive façade fronts a popular locals bar, with members draws […]
Pub mover and shaker Paddy Coughlan is back in the race with a remodelled vehicle and acquisition of Oscars’ Five Islands Hotel in Wollongong for over $20 million. The Gravanis brothers’ Oscars Hotels bought the freehold going concern of the run-down Cringila Hotel on Five Islands Road in 2017 for around $9 million, with its
COUGHLAN BACK IN PUBS, TAKING OSCARS’ FIVE ISLANDS Read More »
Australian Venue Co. has continued its confidence in South Australia with acquisition of Adelaide’s Parkside Hotel. Built 1958, the pub has been known as the Fountain Inn Hotel, but enters a new era courtesy of a recent renovation and new moniker of Parkside Hotel. The remodelled venue offers a main bar, with sports on TV
Merivale has continued the buying spree with purchase of The Whale Inn, in Narooma, furthering its footprint on the New South Wales South Coast. The Whale Inn is a boutique hotel and restaurant boasting breathtaking views of beaches and Wagonga Inlet, offering 17 individually-appointed rooms and suites, beside a laidback restaurant and bar. For the
Australian Venue Co continues its lavish Investment into south-east Queensland, with more acquisitions and two more of two dozen planned renovations underway. The corporate allegiance between Australian Venue Co (AVC) and ASX-listed HPI is representative of the State’s consolidated place in the national marketplace. This week the pair have finalised settlement on two pubs in
Ashton Waugh has placed a strategic bet on Sydney’s transforming Kings Cross with purchase of the re-stapled freehold going concern of the New Hampton Hotel. Leaseholder Kieran Coleman listed the business interest in the Hotel last October. Located on Bayswater Road, near the famous Coke sign and Kings Cross train station, the New Hampton is
Solotel has sold the leasehold operation of its Little Big House in Brisbane to a new local hospitality group. New owners the Little Big House Project is fronted by managing director Brett Fitzpatrick, who previously owned Fitz+Potts in Nundah. He tips they will be thinking local, including showcasing producers and brewers. “We’ve worked closely with
Sustaining the flow of northern rivers pub sales, the Dougherty family have divested their Grafton Hotel to Riverina hotelier Jim Knox. The Doughertys have been staples of the region and community for decades, well-known for owning and operating both Westlawn Insurance and Westlawn Finance for the past 50 years. For 41 years they have also
Merivale has announced expansion in northern NSW with acquisition of the former Cheeky Monkey’s bar, and the adjoining massage spa. The 827 sqm site at 115 Johnson St, Byron Bay, has traded in recent years as Cheeky Monkey’s under Red Rock Leisure, pitched largely to the thousands of young travellers passing through the town throughout the
The acquisitive Hotel Property Investments has secured six more freeholds leased to Australian Venue Co in continued positivity for the market. The ASX-listed Hotel Property Investments (ASX:HPI) revealed it paid $32.7 million for the six hotel properties, all located in Queensland. Australian Venue Co (AVC) will be granted a new 20-year lease at each, representing
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