Property

OSCARS PART WITH THE EMPIRE

Posted on October 15th, 2021 by Clyde Mooney
Oscars Hotels has sold the freehold going concern of Annandale’s Empire Hotel to Jon Adgemis’ new Public Hospitality Group. The Gravanis brothers’ group bought the pub mid-2019 from Sam D'agostino for around $10 million. It was being operated by Eric

AVC LETS GO DARLING & CO

Posted on October 15th, 2021 by Clyde Mooney
Australian Venue Co has divested its leasehold interest in Darling & Co, in Brisbane, to local sweethearts Catchment Brewing Co. Located in the Queensland capital’s affluent suburb of Paddington, the chic bar-restaurant previously incorporated a charter cruise business on the

HARVEST TAKES BIG HOP INTO WOY WOY

Posted on October 13th, 2021 by Clyde Mooney
Growing hospitality group Harvest Hotels has expanded beyond its base, taking the McIntyre family’s Woy Woy Hotel for $32 million. An old faithful of the Central Coast, ‘Ye Olde Woy Woy Hotel’ was built 1897, and known locally as “the

ENORMOUS VINEYARD HOTEL SELLS FOR ENORMOUS SUM

Posted on October 8th, 2021 by Clyde Mooney
Ending a hotly-contested campaign conducted entirely during COVID closure, the Stanfords have achieved a national record sale for 2021 of circa $70 million for their monolithic Vineyard Hotel. The extremely large-format Vineyard is a mixed-use hospitality operation on 76,900sqm on

PUB SALES FOR ALH AND THE LOADED DOG

Posted on October 8th, 2021 by Clyde Mooney
Pub sales continue unabated across the east coast, and if freehold going concerns and operations aren’t transacting investors are finding the deeds on investment freeholds. Listed funds manager Charter Hall has secured ALH’s Imperial Hotel for $6.618 million, representing a

THE BIRALLEE JOINS AVC

Posted on October 1st, 2021 by Clyde Mooney
Australian Venue Co continues its investment into regional Victoria with acquisition of the popular Birallee Tavern of West Wodonga. The Tavern is a sandstone and brick structure, built in 1994, located in a shopping centre precinct in a significant residential

GRAVANIS BROTHERS GO TO TOWN WITH THE PUB GROUP

Posted on September 29th, 2021 by Clyde Mooney
Oscars’ Mario and Bill Gravanis have made their first big move into the red hot regional market, partnering with Craig Power to purchase the entire The Pub Group Tamworth portfolio from Bevan Douglas. The Pub Group, based in the NSW

MATHIESON BUYS MERRIMAC TAVERN THROUGH NEW PUB GROUP

Posted on September 24th, 2021 by Clyde Mooney
A new pub outfit headlined by Bruce Mathieson has secured the Merrimac Tavern, on the Gold Coast. The Queensland OLGR website reports approval for the licences to Merrimac Operations P/L, as trustee for the Merrimac Tavern Operations Unit Trust, which

MANLY HOTEL FUTURE UNCERTAIN AS McDONALDS EXIT

Posted on September 24th, 2021 by Clyde Mooney
After 51 years and too many beers to count, the McDonald family’s tenure at the celebrated Manly Hotel will come to an end at the end of the month. Stewart and Dulcie McDonald took on a lease at the pub

LAKE ILLAWARRA LEGACY SALE

Posted on September 22nd, 2021 by Clyde Mooney
After nearly four decades behind the wheel, the Hampton family has handed its Lake Illawarra Hotel in Windang to a growing hotelier. Once a Tooth’s brewery, the Lake Illawarra occupies a 6,038sqm site a stone’s throw from its namesake, around