Publican Kim Maloney OAM has listed two freehold assets in Sydney’s CBD, behind and above his St James Hotel, with sources suggesting market expectations circa $60 million. The long-time publican and son of industry legend Cyril Maloney bought the freehold properties in 2006. The St James Hotel is a tenancy occupying the lower three levels […]
The heartbreaking saga of the restoration of Sorrento’s magnificent Continental Hotel has reached another milestone, with prominent Melbourne developer Trenerry Property Group ready to settle on the latest deal. Bought years ago by Melbourne hotelier Julian Gerner, the four-storey limestone monolith overlooking Port Phillip Bay was built 1875 and is truly an icon of the
Amid an historically quiet time in the pub game, Deborah Lang and David Kelly have taken the plunge with acquisition of the Crookwell Hotel in the NSW southern tablelands. The Victorian two-storey pub was built 1884 on a 2,183sqm corner site. Inside provides single-service bar, commercial kitchen and bistro with seating for around 100, gaming
Ballarat’s biggest-ever sale has transacted, seeing the long-serving Finnings family pass the baton of Craig’s Royal Hotel to the growing Black Rhino Group. The heritage-listed pub was built 1853, as the Ballarat Hotel, celebrating the first licensed premise in town. It was soon renamed Bath’s Hotel, celebrating the original owner, Thomas Bath. A few years
Australia’s biggest publican is back on the acquisition trail, picking up two more Queenslanders in a week. Australian Leisure & Hospitality (ALH) has been in flux for much of FY20 following the announcement of a plan by parent company Woolworths to merge the hotels business with its drinks distribution business Endeavour, ahead of spinning off
The Canberra-based O’Donnell Group has sold two more of its collection, in Bungendore, outside of Canberra, and this week the Australian in Cooma, snapped up pre-auction. Late 2019 the O’Donnell family put to market Goulburn’s Empire Hotel, being part of a collection of six pub assets, some in collaboration with partners. The Empire re-stapled freehold
Australian Venue Company has furthered its strategic expansion with the nine-digit acquisition of eight venues held by Melbourne trailblazers Sand Hill Road. Amid speculation, The Australian published a story in January suggesting KKR (Kohlberg Kravis Roberts), majority stakeholder of Australian Venue Company (AVC), was looking to purchase Sand Hill Road (SHR) businesses including acclaimed St
The Terminus Hotel lives on under new ownership, with a local investor taking the title to Marulan’s only watering hole. The Terminus is a classic corner pub in the heart of town, set on a 4,713sqm with ample parking. It offers a single-service bar, bistro featuring an open fireplace, gaming room, an enclosed balcony with
Hotelier of the Year Matt Coorey has formed a partnership with the Malouf’s Royal Hotels for acquisition of the Shearer’s Arms Tavern south-west of Brisbane. The big-ticket sale is the second in a week in the region, following HPI’s deal to buy Monarch’s Acacia Ridge Hotel freehold for $20 million. Coorey is the reigning Queensland
Colin M. Parras is back on the ground, taking The Quarryman’s Hotel in Pyrmont from Arthur Laundy in the latest mid-market transaction. Laundy bought the Quarryman’s, located on the corner of Harris Street and Pyrmont Bridge Road, in 2011 for around $3.5 million – just weeks after divesting the Harlequin Hotel on the same block
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