Property

MERIVALE MOVES ON BYRON’S CHEEKY MONKEYS

Posted on May 26th, 2021 by Clyde Mooney
Merivale has announced expansion in northern NSW with acquisition of the former Cheeky Monkey’s bar, and the adjoining massage spa.  The 827 sqm site at 115 Johnson St, Byron Bay, has traded in recent years as Cheeky Monkey’s under Red Rock

HPI TAKE SIX MORE WITH AVC

Posted on May 26th, 2021 by Clyde Mooney
The acquisitive Hotel Property Investments has secured six more freeholds leased to Australian Venue Co in continued positivity for the market. The ASX-listed Hotel Property Investments (ASX:HPI) revealed it paid $32.7 million for the six hotel properties, all located in

A MILESTONE FOR HARVEST IN DUBBO

Posted on May 21st, 2021 by Clyde Mooney
Chris Cornforth and Fraser Haughton’s unlisted pub fund Harvest Hotels continues to expand its regional footprint, through acquisition of the Milestone Hotel in Dubbo from the Blair family. Built 1881 on a corner site in the heart of the Dubbo

BLACK RHINO LANDS PORTSIDE

Posted on May 21st, 2021 by Clyde Mooney
David Tomsic’s Black Rhino Group has gone again in South Australia, picking up the full-of-potential Portside Tavern in Port Pirie for $3.6 million. The Portside Tavern is a large, two-storey stone structure with a mostly enclosed balcony facing two streets,

MERIVALE $60m DOUBLE-TAKE, INTO LEICHHARDT AND LORNE

Posted on May 19th, 2021 by Clyde Mooney
Justin Hemmes’ empire has announced another $62 million in acquisitions, expanding in Sydney’s inner west with Norton’s Irish Pub and the Lorne Hotel, south of Melbourne. Mere metres from Lorne’s main beach, the Lorne is the end destination for the

SHORT O’HARA MALOUF GO AGAIN IN COFFS

Posted on May 19th, 2021 by Clyde Mooney
The growing syndicate of Martin Short, Sean O’Hara, Jamie Malouf and Co. has acquired the large-format and highly acclaimed Moonee Beach Tavern in Coffs Harbour from Harry Barry. The Tavern is a very large-format family-oriented local, on a huge 1.17-Ha

UNIVERSAL SNAP UP NEWTOWN AS CLG EXITS

Posted on May 17th, 2021 by Clyde Mooney
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to

TENANTS TAKE THE TITLE AT SODEN’S

Posted on May 17th, 2021 by Clyde Mooney
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies

LEWIS LEAPS INTO RAMADA

Posted on May 12th, 2021 by Clyde Mooney
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s

WAGGA HATTRICK AS BUYERS TAKE WHAT THEY CAN GET

Posted on May 10th, 2021 by Clyde Mooney
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub