Justin Hemmes’ Merivale has emerged from the slowdown swinging, snapping up Good Beer Co’s the Duke of Gloucester Hotel for around $32 million. Dominating the intersection of Frenchmans and Clovelly roads in Randwick, the expansive two-level heritage pub is known locally as The DOG, and was bought by John Azar’s Good Beer Company (GBC) from […]
Sydney hospitality giant Solotel has announced completion of the sale of the iconic Green Park Hotel to precinct hero, St Vincent’s Hospital Sydney. Built 1893, the three-storey Darlinghurst institution and destination venue for Mardi Gras celebrations will soon be repurposed for hospital-related patient care, training and research. “The Green Park Hotel has been part of
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD, the Jubilee Tavern in Airlie Beach, and the Summerhill Hotel, 12 kilometres north of the
HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS Read More »
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868, finding its name to honour the royal visit to Brisbane by Queen Victoria’s son Alfred,
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million. The Courthouse is an icon of the Oxford Street precinct, the four-level main property landmarking one of the four corners of Taylor Square,
ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will complement its portfolio of “suburban community hotels in high growth areas” – predominantly in western
Popular local the Crescent Head Tavern has been sold to a consortium of eager local mates, as the Gunns of The Tav look to family matters to the south. The Crescent Head Tavern (CHT) is a large-format pub on Main St of the coastal town after which it is named, just blocks from the beach.
The “Top Pub” Commercial Hotel of Kyogle has changed hands for the first time in nearly two decades, welcoming first time hoteliers the Dawes family into the game. Port Macquarie-based owners Deb and Scott Facey have held the Commercial of Kyogle, four hours’ drive to the north, for the past 18 years. Their tenure has
The refreshed Waratah Hotel group has taken the deeds to the Royal on Ninety-Nine in Queensland cattle country Roma. The Royal Hotel at Roma was to be found on the corner of McDowell and Hawthorne streets in the heart of town, a block off the Carnarvon Highway. In 2015 it was destroyed in a major
The landmark Country Club Hotel in Dalby has sold to a new consortium of owners from Brisbane and Sydney. Taking a large corner of Cunningham St and State Route 82, about 200 kilometres west of Brisbane, the two-story pub incorporates the popular Super Cellars, plus Keno and TAB, rear carpark and upper level balcony on
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