The newly-llisted Redcape has snapped up the lease on Mantle Group’s Pig N’ Whistle operation at Redbank Plains for $11.5 million. Redbank Plains’ Pig N’ Whistle is one of five locations in a chain under Mantle Group Hospitality (MGH), along with Brisbane, Fortitude Valley, Indooroopilly and Riverside. Redcape Hotel Group (ASX: RDC) has been somewhat […]
The recently homeless Martin Place Bar has come to market, in a rare example of opportunity in the tightly held Sydney hospitality and property market. Formerly located on pedestrian thoroughfare Martin Place in the heart of the CBD, Martin Place Bar was a traditional-style pub, with popular modern public bar frequented by the surrounding business
In an era dominated by corporate consolidation, long-time owners Mal Russell and family have divested their big Richmond landmark to in-limbo industry stalwarts Peter and Karen Wynne, for a hot market price. Built 1848, the Royal Hotel occupies a generous 1,760sqm site in Richmond’s main commercial and retail precinct, beside the train station. The pub
The award-winning Comiskey Group has announced its latest endeavour, beginning with taking ownership of the Samford Valley Hotel. The family-owned Queensland company boasts a history of strategic operations in hotels and shopping centres spanning more than 30 years, as seen in the much acclaimed Eatons Hill, Sandstone Point and Beachmere Hotels. While their record shows
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The freehold Harbour View Hotel has sold to a private buyer thought to be looking at its real estate prospects in Sydney’s historic The Rocks. A high net worth individual believed to be from the provedore sector has paid close to $12 million for one of the few freehold hotels in the harbourside suburb. The
Former Wallaby Bill Young has resumed Glebe legend the Friend In Hand, buying back from long-term owners the Byrne family. William Kevin Young was a loose-head prop during the golden era of Australian rugby, playing 46 tests over a six-year international career, including in the 2003 Rugby World Cup against England. Attending pub breeding ground
Arthur Laundy has won the race to Drummoyne’s big Oxford Hotel for circa $42 million, securing a deal in just two weeks from owner-operators Michael Wiggins and Joanne Cassar. Wiggins and Cassar bought the Oxford from Iris Group in 2015 for around $34 million, after selling their prized Royal Exhibition. The historic Oxford is a
The Somerville brothers are taking big east coast steps with their Summer House venues, expanding out of Melbourne and now announcing two new acquisitions, in Cairns and Brisbane. A short walk from the Brisbane CBD is the Flamin’ Galah – the rebranded Beetle Bar adjoining a 30-room, 150-bed backpacker hostel. The two lots are the
Sam Arnaout’s Iris Group has snapped up another massive Sydney pub, securing the freehold operation of ALH’s high-performing Cambridge Hotel in Fairfield for $56 million. Still celebrating last month’s milestone acquisition of Manly’s The Steyne, Iris continues its rapid portfolio expansion with a complex deal on both the freehold and lease of the western Sydney
Oscars Hotels has snapped up another inner west landmark, taking title to the freehold going concern of Parramatta Road icon the Empire Hotel, in Annandale. Built circa 1890 for Tooth’s & Co, the three-storey Empire, particularly its façade, was refashioned in the twentieth century in a more modernist, Art Deco styling, which it still embraces.
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