A local developer with a growing hotel portfolio has bought the Alliance Hotel in Spring Hill for an undisclosed sum, looking to further its place in the sector. The three-storey Hotel was built 1888, the design the work of well-known architect John Beauchamp Nicholson. Perched on a 478sqm corner site on a crest of Boundary […]
Australian Venue Co. continues to pursue post-pandemic opportunities, taking a new venue in regional Victoria and fronting more specials to get patrons back into their pubs. Today AVC announced its purchase of the leasehold interest in the Criterion Hotel in Yarrawonga, around three hours’ north of Melbourne. The handsome two-storey Georgian pub sports a period
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Small Pubs has taken the next steps in its investment into Newtown, purchasing and adorning the freehold of Paddy Coughlan’s Botany View Hotel. Justin Small – previously one of the partners in Balmain Pub Group – took on a new 20-year lease at the BVH in late 2019. The lease sale through Kate MacDonald at
Another big year predicted in pub real estate kicked off with news of White & Partners divesting suburban stalwart the Engadine Tavern to a local for $31 million, realising nearly 40 per cent in capital gains. A trust controlled by the White family’s investment arm has on-sold the Tavern, having successfully positioned it for a
Ending speculation on its future, the deal has been finalised on sale of The Old Fitz in Woolloomooloo to developers W Property. Standing proudly on a corner of Dowling Street in Sydney’s waterside precinct, the Old Fitzroy Hotel boasts a 237sqm site and three-level trading footprint, plus potential for a rooftop beer garden (STCA). It
The Royal Hotel Tumut has been sold to an unnamed Sydney-based hotel investor as the region continues to benefit from massive infrastructure investment. The Royal is a classic two-storey brick structure on a 3,250 sqm lot, with a full-length balcony overlooking Tumut main road Wynyard Street. It provides a welcoming public bar, kitchen and bistro,
Amid the respite of a strong end to a stormy year, ASX-listed Redcape has exchanged contracts to acquire O’Donoghues Hotel in Emu Plains for $30.5 million. The western Sydney pub is a large-format local, offering a classic mix of food & bev, functions, entertainment and gaming room with 30 machines. It is currently at 440
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the end was near, she listed the freehold going concern in late 2019. While contracts were
The burgeoning Thorpe Hospitality has orchestrated a serious shake-up, divesting flagship The Taphouse while taking on two new venues, and rebranding to become Odd Culture group. James Thorpe’s outfit first entered the Sydney pub scene with acquisition of Darlinghurst sweetheart The Local Taphouse in mid-2017. Around a year later the Thorpe brothers opened their innovative
By Grant Jones The Geelong Football Club has divested the Brook Hotel in south-west Melbourne to the Melbourne Racing Club in a play to ditch gaming. The venue at 215-221 Sneezes Rd in Point Cook was first put on the market in 2016, and subsequently leased to the Cats until at least 2029 plus three
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