Property

KELLY & CO HIT PAYDIRT IN THE HUNTER

Posted on November 27th, 2020 by Clyde Mooney
Ned Kelly and friends have struck again, swooping on the re-stapled Criterion Hotel in the wild Weston growth corridor of the Hunter Valley. The freehold has been owned by Sydney-based Peter Calligeros, owner-operator of Surry Hills’ Trinity Bar and both

LAMBERT LEAPS INTO THE OLYMPIC

Posted on November 27th, 2020 by Clyde Mooney
The stoic Olympic Hotel in Sydney’s Paddington has been sold to former Newcastle publican Wayne Lambert, with plans for glory. Dominating the corner of Regent Street and bustling Moore Park Road, the three-storey Georgian pub occupies a 533sqm lot, offering

MERIVALE GOES TO THE DOG

Posted on November 25th, 2020 by Clyde Mooney
Justin Hemmes’ Merivale has emerged from the slowdown swinging, snapping up Good Beer Co’s the Duke of Gloucester Hotel for around $32 million. Dominating the intersection of Frenchmans and Clovelly roads in Randwick, the expansive two-level heritage pub is known

SOLOTEL SELLS GREEN PARK TO ST VINCENT’S

Posted on November 25th, 2020 by Clyde Mooney
Sydney hospitality giant Solotel has announced completion of the sale of the iconic Green Park Hotel to precinct hero, St Vincent’s Hospital Sydney. Built 1893, the three-storey Darlinghurst institution and destination venue for Mardi Gras celebrations will soon be repurposed

HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS

Posted on November 23rd, 2020 by Clyde Mooney
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD,

HALLMARK TAKES THE HEART OF BRISBANE

Posted on November 23rd, 2020 by Clyde Mooney
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868,

NEW MOELIS FUND WINS BATTLE INTO COURTHOUSE

Posted on November 20th, 2020 by Clyde Mooney
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million.  The Courthouse is an icon of the Oxford

REDCAPE TEMPTS COOTES OUT OF THE GLADDY

Posted on November 20th, 2020 by Clyde Mooney
ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will

SYNDICATE SNAPS UP CRESCENT HEAD TAVERN

Posted on November 13th, 2020 by Clyde Mooney
Popular local the Crescent Head Tavern has been sold to a consortium of eager local mates, as the Gunns of The Tav look to family matters to the south. The Crescent Head Tavern (CHT) is a large-format pub on Main

DAWES OPEN NEW ERA IN COMMERCIAL TOP PUB

Posted on November 13th, 2020 by Clyde Mooney
The “Top Pub” Commercial Hotel of Kyogle has changed hands for the first time in nearly two decades, welcoming first time hoteliers the Dawes family into the game. Port Macquarie-based owners Deb and Scott Facey have held the Commercial of