Property

WALKER TRADES UP TO ADAM’S

Posted on September 3rd, 2021 by Clyde Mooney
Fresh from his divestment in Leichhardt, Peter Walker has upped the ante, purchasing Adam’s Tavern in Blacktown from long-term owner and creator, Bob McGhee. Walker sold Norton’s Irish Pub to Justin Hemmes’ Merivale mid-May for $24 million. He has now

ROCHE MAKES ANOTHER EXCHANGE

Posted on September 1st, 2021 by Clyde Mooney
Expanding hotelier Dominic Roche has swooped on the historic Exchange Hotel of Kyogle, in further demonstration of the strength of the regional market. Kyogle is within the northern rivers region, around 80 kilometres due west of Byron Bay. The Inter-war-style

WAUGH WINS BATTLE FOR WATERLOO

Posted on August 30th, 2021 by Clyde Mooney
Ashton Waugh has topped a list of bidders competing for Waterloo’s Grosvenor, taking the city-fringe pub for circa $8.5 million. Having purchased it from Riversdale in 2010, former CCA executive Denis Hickey and business partner Warwick Negus sold it for

HUNT GOES LOCAL AT THE IMPERIAL

Posted on August 27th, 2021 by Clyde Mooney
Hunt Hospitality has a little more Hunter with acquisition of the Imperial Hotel at Maitland, in time for a local get-together. Built 1851, a block from the Hunter River, the Imperial Hotel was established back when goods were still delivered

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