Property

IPO-BOUND AVC ADDS TWO MORE

Posted on May 7th, 2021 by Clyde Mooney
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks,

OSCARS DIVEST STRAND TO ADGEMIS’ JAGA GROUP

Posted on May 5th, 2021 by Clyde Mooney
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast

OATES GROW RIVERINA REALM WITH ROMANO’S

Posted on May 3rd, 2021 by Clyde Mooney
Another Wagga Wagga hotel hotel has sold sold, as the famous Romano's joins a family in Riverina pub ownership. The landmark Romano’s Hotel has been in the hands of a syndicate of local and Sydney-based owners since 2016. The investors

MERIVALE MOVES INTO MELBOURNE

Posted on April 28th, 2021 by Clyde Mooney
Hospitality juggernaut Merivale has announced it will soon join Melbourne’s world-class hospitality industry in the beating heart of the city’s CBD, Flinders Lane. Justin Hemmes’ outfit has purchased the freehold of Tomasetti House at 277 Flinders Lane, for close to

MELBOURNE’S BLACK RHINO CHARGES INTO ADELAIDE

Posted on April 28th, 2021 by Clyde Mooney
Leading Victorian pub group Black Rhino is seizing opportunity, snapping up a collection of gaming hotels in metro and regional South Australia, starting with the Newmarket in Port Adelaide. David Tomsic – owner and managing director of the Black Rhino

ANOTHER WIN IN WAGGA FOR O’HARA AND CO

Posted on April 26th, 2021 by Clyde Mooney
A syndicate led by Sam Cruikshank and Sean O'Hara has furthered the faith in the land of many crows, snapping up the Sportsmens Club Hotel. Known locally as ‘Sporties’ the pub features public bar, bistro, gaming room with 14 machines,

IRIS HITS NEW HORIZONS IN LASSETERS

Posted on April 23rd, 2021 by Clyde Mooney
Sam Arnaout’s Iris Capital empire has taken another big step with the $105 million purchase of the iconic Lasseters Hotel Casino in Alice Springs. Formerly known as the Diamond Springs Casino, the property opened in 1981. Known as an oasis

ROYAL OAK GROWS LOCAL GROUP

Posted on April 23rd, 2021 by Clyde Mooney
The troubled Royal Oak Hotel of Cessnock has been sold through receivers to a growing local hotelier.  Built 1922, the pub enjoys a prominent corner in Cessnock – known as the gateway to tourism hotspot the Hunter Valley.  The large

UNIVERSAL SECURES FAMILY TIES IN TEMPE

Posted on April 21st, 2021 by Clyde Mooney
The Kospetas family’s Universal Hotels has picked up the unsung Tempe Hotel for north of $10 million, with big hopes for the changing pub landscape. A hotel was first established on the site, on the Princes Highway, in 1856. In

BIG GUNS TAKE UP THE SUN IN BOOMING BYRON

Posted on April 16th, 2021 by Clyde Mooney
The Winchester Group has soaked up The Sun Hotel in Bryon Bay from the Flannery family’s KTQ Group for an undisclosed price. The rich-listed Flannery family built The Sun on a generous 7,653sqm freehold landholding near Byron Bay’s North Beach,