James Wynne’s investment vehicle Shogroup has partnered with John Upham to take their first pub in Adelaide with purchase of the new Eight Dragons in redeveloped Chinatown. Shogroup and Upham have secured a 37-year lease on the new Hotel, which is the only hotel in the precinct, and located in a prime spot beside the […]
Redcape has furthered its portfolio shakeup and Gallagher Hotels has traded up, seeing sale-swap of the Criterion in Sydney and Crescent Hotel in Fairfield, in a transaction worth a combined $70 million. The high-profile sale and purchase deal reflects the ongoing variations in boardroom strategies, as both groups look to deploy capital and capitalise on
The historic White Horse Hotel of St Peters has been sold to new hoteliers, as they saddle up to continue the entertainment quest and launch the music-lovin’ McLovin’s. Set on the arterial Princes Highway at St Peters, a pub named the Hero of Waterloo Inn was in operation on the site since 1853. It was
Harvest Hotels has consummated its new investment fund with purchase of the big-ticket Jerrabomberra Hotel, in red-hot Queanbeyan. Known locally as ‘The Jerra” the pub occupies a generous 2,759sqm opposite the Jerrabomberra Village Shopping Mall, providing sports bar, bistro, gaming room with 30 machines, and drive-through bottleshop. As an asset, the A-grade regional venue possesses
Glenn Piper’s rebranded Epochal Hotels has announced its acquisition of the Scarborough Hotel from media tycoon Bruce Gordon. The heritage-listed hotel resides on 3,904sqm, on a cliff edge of the Illawarra escarpment, showcasing an expansive outdoor area with unparalleled views. It was built 1886, making it the oldest licensed premise in the City of Wollongong,
PIPER BUYS SCARBOROUGH FROM BILLIONAIRE BRUCE GORDON Read More »
DB Pubs has consolidated its portfolio in New England with sale of the Royal Hotel Armidale to growing local hoteliers Tom and Harley Payne. Occupying a large 1,836sqm site on main drag Marsh Street, the two-storey Art Deco hotel holds a coveted late-trading 3am licence, providing public bar, sports bar and TAB, gaming room with
The celebrated Celtic Club has found a new home, taking over AVC’s (former) Sarah Sands Hotel, in the craic of Brunswick. Melbourne’s 600-strong Celtic Club was formed in 1887, and has outlasted sister initiatives in Sydney and Brisbane to become Australia’s oldest – and largest – ongoing Irish social and cultural club. The Sarah Sands
AUSTRALIA’S OLDEST IRISH CLUB EMBRACES SARAH SANDS Read More »
ASX-listed HPI today announced it has entered a binding agreement to sell four of its hotels to its major tenant, Australian Venue Co, for a total of $48.6 million. Set to occur in two tranches, the four properties comprise three in Queensland, being the Hotel Allen in North Ward, Royal Mail Hotel in Tewantin, and
Dave Tomsic’s Black Rhino Group has continued its run into Queensland, picking up Irvin Hotels’ long-held Overlander Hotel in Mount Isa. Set on a large-format site on main drag Marian Street through Mount Isa’s Townview, the pub counts 40 EGMs, and incorporates a big drive-through bottleshop and 20 motel rooms, with a generous car park.
Kelly & Co Hotels has divested the “opportunity-laden” Corindi Beach Hotel on the NSW Coffs Coast to honed local Harry Barry. Originally known as the Amble Inn, the large-format pub sits on an enormous 16,120sqm site and includes public bar, kitchen and bistro, gaming room with 12 EGMs and a popular bottleshop that is the
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