The dynamic Hunt Hospitality has agreed to sale of its large-format Lakeside Village Tavern at Raymond Terrace, to the growing stable under Nicholas Quinn. Stephen Hunt’s pub group has been refreshing the books since the new financial year, to optimise opportunities where they are seen. In September the call was put out to further build […]
Merewether’s magnificent Beach Hotel has sold for the first time in its 120-year history as a freehold going concern to industry veteran Andrew Lazarus. The Beach Hotel is found on a large hilltop block with panoramic views of Merewether Beach, three kilometres from the heart of Newcastle. The current three-storey structure was built around 1939
Singo’s Australian Pub Fund and Riversdale Group have sold off their last Sydney operation to a band of Balmain brothers, welcoming the Roddys back to prime Peninsula hospitality. Formed in 2010 by business identities John Singleton, Mark Carnegie and Geoff Dixon, in early 2012 APF purchased the $10 million Unity Hall in Balmain – the
RG McGees in growing Richmond has sold to prominent Sydney hotelier Ashton Waugh’s pub group Watering Hole Hotels, furthering the region’s surge of pub investment. The well-known Hotel came to market in August, as a cooperative arrangement between tenant Jason Teague and freeholders Stan and Janice Bridger to offer up the freehold going concern. Standing
Industry doyen Nelson Meers has furthered the run of prized gaming pub sales, taking Monarch’s top-performing Belmore Hotel for around $50 million. Monarch Hotels, fronted by hotel veteran Joel Fisher, acquired the pub in 2015 from the Waugh family. It was ranked #60 on the Liquor & Gaming list of NSW pubs at the time,
Lewis Land Group has added to its select portfolio of large-format pubs with acquisition of renowned south-east Queensland entertainment venue, the Mon Komo Hotel. The Hotel was developed by Kyko Group in 2011 as part of its multi-award-winning mixed-use Mon Komo development, located on the shores of Moreton Bay at Redcliffe, a half-hour drive from
A long and hard-fought sales process on the big Kent Hotel has ended in a record price for the Newcastle region of around $25 million, and new owner in growing local vehicle SJH Hotel Fund. Peter Hunt bought the Kent freehold in 2002, and his son Stephen has long managed it operationally, while simultaneously building
Financial services giant Moelis Australia has secured an exclusivity agreement for potential purchase of the iconic Beach Hotel at Byron Bay for a record-setting price of “above $100 million”. The Beach, known locally as the ‘Top Pub’, began life in the 90s, built by Paul Hogan off-sider John Cornell, for around $9 million. The big
Goulburn’s elegant Southern Railway Hotel has sold to an unnamed, up-and-coming hotelier – just weeks after they secured the freehold and lease of the town’s Empire Hotel. The Southern Railway was built 1872 on sizeable 1,531sqm lot as the Coolavin Hotel, directly across from Goulburn train station and adjacent to what is now a Woolworths
Another De Angelis has taken the title to another big south-west Sydney pub, bringing the Ingleburn freehold and operation under one roof through Bonnie Hotels. De Angelis Hotels & Investments (DHI) has been the established tenant at the Top100 Ingleburn Hotel, near Campbelltown, around 50 kilometres from the Sydney CBD. In October the passive freehold
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