Former top gamer the Vegas Hotel has sold in in-transition Kings Cross for circa $25 million, as the precinct continues to evolve from high-life to high-end living. The Vegas is one of the stalwarts of the previously notorious party precinct, boasting a 24-hour licence and once thriving gaming operation of 30 machines and only three-hour […]
MPK Hotels has significantly expanded its portfolio with the well-timed acquisitions of both the Royal Hotel in Orange and Federal Hotel in Mudgee. A quintessentially Australian pub, the striking Royal Hotel stands like an advertisement for Art Deco on Lords Place, just off main drag Summer Street through Orange. The multi-level structure offers at street
Goulburn’s Empire Hotel is a freehold going concern again, with a new publican buying the re-stapled freehold and operation. In August private owners of the title joined with long-time operator Allan Deeth to send the pub to market. The Empire resides in Goulburn’s main retail and commercial area, offering a compact public bar, accommodation, TAB
The windswept Airlie Beach Hotel is back down to earth and safely in new hands, after overcoming the ravages of Cyclone Debbie. Built 1968 on an 8,819sqm block just metres from the destination Whitsundays tourist beach, the Airlie Beach Hotel (ABH) was operated by the O’Neill family since 1982. In early 2017 the family determined
Furthering the Hunter’s quest as one of the country’s hottest regions for pub property, industry icon Arthur Laundy has snapped up the Clancys’ The Bank at Maitland. Going coastal from Sydney, in 2010 Terry and Tammy Clancy bought up the Bank Hotel from receivers, reviving it to become a well-patronised local. The pub was built
After 50 years in the same hands, Perth icon the Subiaco Hotel has been bought by dynamic local publicans Dave Allan and Lawson Douglas. Michael and Judy Monaghan acquired the historic pub business in the late 60s, and bought into a quarter share of the freehold in 1990. Over the decades they transformed it from
The newly-formed Balmoral Hospitality Group has announced another big greenfield build, winning the race to be the Waterfront Tavern at the massive Shell Cove development. Shell Cove is a $2.3bn mega-project by Frasers Property Australia and Shellharbour City Council, based around a new community and town centre in the south coast resort town, around two
The Paradise Valley Hotel freehold going concern has been sold in a classic perpetuation of Victoria being the tightest market in the country. The Hotel is set on a big 9,916sqm block, offering a large public bar, TAB facilities, commercial kitchen and bistro seating 200, outdoor deck, beer garden and drive-thru bottleshop. It’s licensed until
Continuing its portfolio tuning, Australian Venue Company has announced acquisition of a Melbourne bier, sport and comedy institution – the European Bier Café. The multi-level venue on Exhibition Street features a bar and function space, Aer rooftop bar, and a basement pizzeria. The menu offers modern Australian pub classics, tapas and pizzas, matched with an
Industry identities Joel Fisher and Andrew Denmeade are back in the business, having secured a hot new site in one of Australia’s largest urban zoned greenfield developments. The Master Planned Community of Flagstone, within the Logan growth corridor south-west of the Brisbane CBD, already counts around 6,000 residents, but is slated to become home to
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