In the spotlight developer Virtical has offloaded the Republic in the Sydney CBD to industry veteran Chris Thomas for a significant loss. After bursting into the picture in 2023, spending over $125 million in a matter of months including more than $40 million for the Republic, vexed property developer Virtical has accepted $32 million for […]
Weighing into the recent return in pubs activity, Australian Venue Co has struck its first major deal under its new majority owners, buying 10 venues from Hallmark Hospitality in SEQ. The Melbourne-based group has paid around $50 million for the ten pubs and nightclubs, at Brisbane, Surfers Paradise and the Gold Coast. In the deal
The Redcape reshuffle rolls on with the group’s twice-owned Wattle Grove Hotel becoming the next step in the northward expansion of Melbourne-based Francis Group. This is the second Redcape Hotel Group (RHG) acquisition by the southerners, headed up by Tom Francis, following their purchase of the Kings Head Tavern in South Hurstville earlier this year.
Redcape has continued the portfolio hygiene with divestment of the Vauxhall Inn at Granville to the growing Orion Hotels. Established in 1852 on a corner of Parramatta Road, the two-storey heritage-listed hotel was rebuilt in the 1930s in the distinctive Art Deco style. It counts a public bar area, bistro, accommodation, parking, and modern gaming
Rod Salmon has passed his newly rebranded Chatswood Hotel on Sydney’s north shore to a growing local operator. The two-level pub, previously known as the Chelsea, occupies a 765sqm strata site surrounded by residential and commercial buildings and opposite the bustling Chatswood station. The space is efficiently configured, comprising public bar, bistro, bistro bar, and
The beloved ‘Shaky’ Shakespeare Hotel of Surry Hills, operated by legend Margaret Hargreaves for nearly half a century, has sold to the proprietor of Balmain’s The London. The hotel was established in 1879, found on Devonshire Street just 300 meters from Central Station. It now enjoys close proximity to the Surry Hills Light Rail stop,
The Kospetas family has bookended its portfolio swap-shuffle with Barham Hamarashid, completing the off-market sale of The Mill in Bondi Junction, following exchange on the Evening Star. What was the Mill Hill Hotel was a modest two-storey premise previously owned and operated by the Waugh family. It was acquired by developer TWT Property Group, which
Waratah Hotel Group has successfully divested its acclaimed hotel Royal on 99 to Dave Tomsic’s rampaging Black Rhino group. Located in the major regional Queensland town of Roma, the purpose-built pub opened in 2016, replacing the former Royal Hotel, which had been destroyed by a fire the previous year. Roma counts local population of around
John Purkis and family have passed the reins of the landmark Tea Gardens Hotel in Bondi Junction to Ryan hotel dynasty principals John and Sally Ryan. Purkis bought the big multi-storey Art Deco hotel mid-2014 from Aussie Leisure Group, but opted the time had come to surrender the old girl of the east. “We have
Australian Venue Co has doubled down on its investment in town with a partnership acquisition of the windswept and interesting Airlie Beach Hotel, in association with restorative owner-operator Mick McFie. Occupying a generous lot just metres from the destination Whitsundays tourist beach, the Hotel was built in 1968 and offers a public bar, restaurant, conference
A product of The Information Collective
ACN. 603 201 109
ABN. 21 603 201 109
