Property

NED KELLY TAKES CASINO

Posted on August 25th, 2021 by Clyde Mooney
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

ROCHE FAMILY CATCHES THUNDER IN NEW ENGLAND

Posted on August 20th, 2021 by Clyde Mooney
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.

ALH PUB SALE SETS NEW BENCHMARK

Posted on August 18th, 2021 by Clyde Mooney
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

BLACK RHINO BUOYANT ON LAKESIDE BARMERA

Posted on August 16th, 2021 by Clyde Mooney
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

DIXON AND EUMUNDI GO TO COURT HOUSE

Posted on August 13th, 2021 by Clyde Mooney
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

BLUE-CHIP SALES TIGHTENING YIELDS

Posted on August 13th, 2021 by Clyde Mooney
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

EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL

Posted on August 11th, 2021 by Clyde Mooney
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

KNOX GOES MORE IN MOREE

Posted on August 6th, 2021 by Clyde Mooney
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

NEW TEAM INTO BRIGHT BROLGA HOTEL

Posted on August 6th, 2021 by Clyde Mooney
The thriving Brolga Hotel of Coleambally has been sold by successful first-timers to new ambitious first-timers Darren and Nathan Maddison. Located north of Albury, around 600 kilometres south-west of Sydney, Coleambally is home to around 650 people, and one pub

ROCHE RICH-LISTERS CONTINUE EXPANSION INTO PUBS

Posted on August 4th, 2021 by Clyde Mooney
A new generation of hotel royalty is stepping up its footprint in pubs, with rich-listers the Roche family consolidating their pivot with purchase of Armidale’s Royal Hotel. The Royal is the latest acquisition by the Roche Group, headed by Bill