Property

ROYAL FLUSH FOR QUINN & CO

Posted on April 14th, 2021 by Clyde Mooney
A posse of publicans led by Newcastle-based Nicholas Quinn have purchased both the freehold going concern of Taree’s Royal Hotel and passive freehold of the nearby Australian Hotel in Wingham. The Royal Taree is a classic regional watering hole, offering

ANOTHER WIN IN BATHURST

Posted on April 12th, 2021 by Clyde Mooney
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial

NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL

Posted on April 9th, 2021 by Clyde Mooney
The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date.  MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst,

AVC PICKS UP A BIMBO

Posted on April 9th, 2021 by Clyde Mooney
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of

HAWKESBURY HERO LIONHEART LUKE PARTS WITH CLARENDON

Posted on April 7th, 2021 by Clyde Mooney
Luke ‘Lionheart’ Ainscough has sold his regional landmark in Sydney’s burgeoning northwest to the up-and-coming Endeavour, as the region dries out from subsiding floodwaters. The Clarendon resides on a 1,959sqm lot on Hawkesbury Valley Way – the main arterial road

BELLEVUE IN NEW HANDS AGAIN

Posted on March 31st, 2021 by Clyde Mooney
The Calligeros clan has taken ownership from the Maloufs of Paddington’s much-loved and much-owned landmark, the Bellevue Hotel. The two-storey Bellevue has stood on the corner of Hargrave Street and Windsor Lane since 1880. Industry faithful Steven Speed and partner

JDA TAKES MOUNTBATTEN

Posted on March 31st, 2021 by Clyde Mooney
The Feros’ JDA Hotels has secured the leasehold interest of the coveted Mountbatten Hotel in Haymarket for $7.5 million. The Mountbatten is one of the true ‘locals’ of Sydney’s major boulevard, George Street, with an office workers’ happy hour from

LAUNDY TINDALL SHORT SEE WISDOM IN EVANS HEAD

Posted on March 29th, 2021 by Clyde Mooney
A Laundy-Tindall-Short partnership has furthered their NSW north coast footprint with acquisition of the re-stapled Illawong Hotel of Evans Head. Nick Tindall and wife Justine (nee Laundy), daughter to the pub king, had been actively eyeing traditional pub offerings outside

GALLAGHER BIDS FAREWELL TO THE UNION

Posted on March 29th, 2021 by Clyde Mooney
Hot on the heels of his partnership sale of Ryde’s Royal Hotel, Patrick Gallagher has passed the title of his home base Union Hotel in North Sydney to John Azar and the Good Beer Co.  Located on a 784sqm lot

MERIVALE MOVES SOUTH ONTO QUARTERDECK

Posted on March 26th, 2021 by Clyde Mooney
Justin Hemmes’ Merivale has acquired its first venue outside Sydney – the Quarterdeck, in “second home” Narooma. Perched on the shores of Forsters Bay, The Quarterdeck is an institution of the Eurobodalla community, as seen in its foreshore having been