Property

SYDNEY INVESTOR TAKES TUMUT’S ROYAL

Posted on January 20th, 2021 by Clyde Mooney
The Royal Hotel Tumut has been sold to an unnamed Sydney-based hotel investor as the region continues to benefit from massive infrastructure investment. The Royal is a classic two-storey brick structure on a 3,250 sqm lot, with a full-length balcony

O’DONOGHUES EMU PLAINS JOINS REDCAPE FOR $31m

Posted on January 18th, 2021 by Clyde Mooney
Amid the respite of a strong end to a stormy year, ASX-listed Redcape has exchanged contracts to acquire O’Donoghues Hotel in Emu Plains for $30.5 million. The western Sydney pub is a large-format local, offering a classic mix of food

WRIGHT-YOUNG FINALLY RELINQUISHES THE CAMMY

Posted on January 18th, 2021 by Clyde Mooney
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the

THORPE SHAKE-UP HERALDS ODD CULTURE

Posted on December 18th, 2020 by Clyde Mooney
The burgeoning Thorpe Hospitality has orchestrated a serious shake-up, divesting flagship The Taphouse while taking on two new venues, and rebranding to become Odd Culture group. James Thorpe’s outfit first entered the Sydney pub scene with acquisition of Darlinghurst sweetheart

CATS SELL BROOK HOTEL TO MELBOURNE RACING

Posted on December 18th, 2020 by Clyde Mooney
By Grant Jones The Geelong Football Club has divested the Brook Hotel in south-west Melbourne to the Melbourne Racing Club in a play to ditch gaming. The venue at 215-221 Sneezes Rd in Point Cook was first put on the

OSCARS DIVEST COFFS’ PLANTATION

Posted on December 16th, 2020 by Clyde Mooney
Oscars Hotels has sold the once infamous Plantation Hotel for around $10 million to a Sydney publican and new entrant to the industry. The large-format Plantation occupies a prominent 3,000sqm lot in Coffs Harbour, providing an oversized bar with multiple

LAUNDY TOPS BIDDERS FOR BIDWILL

Posted on December 14th, 2020 by Clyde Mooney
Pub king Arthur Laundy has snapped up another Top100 pub, paying long-time owner Martin Secheny $35 million for the Bidwill Hotel – the latest addition to the Laundy local area. Occupying a generous 4,300sqm block in the north-western Sydney suburb,

MALOUFS GET SHEARER’S ARMS OVER THE LINE

Posted on December 11th, 2020 by Clyde Mooney
Recognising the industry is back up and running, the new Malouf partnership has cemented the deal on their first Queensland operation in John Murphy and John Cornish’s Shearer’s Arms Hotel. The newly-formed North South Pub Co (NSPC) is Matthew Coorey

MOELIS TAKES TAYLOR SQUARE WITH KINSELAS

Posted on December 9th, 2020 by Clyde Mooney
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for

REDCAPE TAKE TWO MORE AS DELAWARE BOWS OUT

Posted on December 9th, 2020 by Clyde Mooney
ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of