The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date. MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst, Castlereagh Hotel at Dubbo, and the Federal hotels at Wellington and Mudgee, in a deal […]
NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL Read More »
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of patrons for many years. Like all pubs in Australia, Bimbo closed in March 2020, but
Luke ‘Lionheart’ Ainscough has sold his regional landmark in Sydney’s burgeoning northwest to the up-and-coming Endeavour, as the region dries out from subsiding floodwaters. The Clarendon resides on a 1,959sqm lot on Hawkesbury Valley Way – the main arterial road linking Windsor and Richmond. It provides the local catchment a big public bar, bistro, gaming
HAWKESBURY HERO LIONHEART LUKE PARTS WITH CLARENDON Read More »
The Calligeros clan has taken ownership from the Maloufs of Paddington’s much-loved and much-owned landmark, the Bellevue Hotel. The two-storey Bellevue has stood on the corner of Hargrave Street and Windsor Lane since 1880. Industry faithful Steven Speed and partner Peter Walker’s WDS Hotels bought it from Singo’s Riversdale in 2014, soon undertaking a complex
The Feros’ JDA Hotels has secured the leasehold interest of the coveted Mountbatten Hotel in Haymarket for $7.5 million. The Mountbatten is one of the true ‘locals’ of Sydney’s major boulevard, George Street, with an office workers’ happy hour from four ‘til six each weekday. It holds a 3am liquor licence and 25 gaming machines,
A Laundy-Tindall-Short partnership has furthered their NSW north coast footprint with acquisition of the re-stapled Illawong Hotel of Evans Head. Nick Tindall and wife Justine (nee Laundy), daughter to the pub king, had been actively eyeing traditional pub offerings outside the wider Sydney area, underpinned by strong land holdings and key metrics. The Art-Deco Illawong
Hot on the heels of his partnership sale of Ryde’s Royal Hotel, Patrick Gallagher has passed the title of his home base Union Hotel in North Sydney to John Azar and the Good Beer Co. Located on a 784sqm lot on the prominent corner of the Pacific Highway and West Street, the Union is a
Justin Hemmes’ Merivale has acquired its first venue outside Sydney – the Quarterdeck, in “second home” Narooma. Perched on the shores of Forsters Bay, The Quarterdeck is an institution of the Eurobodalla community, as seen in its foreshore having been classified as a precinct of historical significance. The site where the Quarterdeck stands was originally
Former Rothschild MD turned hotelier David Kingston has sold his rejuvenated Beachcomber Hotel in Toukley to the Gravanis brothers’ Oscars Hotels for a reported $20 million. The local institution ‘Beachie’ enjoys a generous 1.1-Ha (11,000sqm) site between two lakes and the Pacific Ocean, with lawns stretching down to nearly 100 metres of lake frontage. Kingston
Industry doyen Patrick Gallagher has divested his Royal Hotel in Ryde to former Wallaby and growing Sydney hotelier Bill Young. Located on a prominent corner of arterial Blaxland Road, opposite the redeveloped Top Ryde shopping centre, the Royal counts a balanced trade and enviable #157 on the Liquor & Gaming list of NSW venues (Dec-2020).
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