Property

COUGHLAN LETS GO THE LORD

Paddy Coughlan has sold off his flagship Lord Gladstone for a reported $5.5 million to another local hotelier, to continue plans for growing Frank Strong’s hard lemonade. The former Riversdale CEO announced sale campaigns on the freehold going concerns of his Lord Gladstone and Botany View Hotels in February, citing intentions to ‘free up capital’

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NEW HANDS ON MOLLY MALONES

Townsville icon Molly Malones has been bought by north Queensland group Zeller Investments. Built 1901 as the Tattersalls Hotel, the heritage-listed two-storey brick corner pub was reinvented as the Irish-themed Molly Malones back in 1999. It offers a craft beer lounge, beer garden, function space, commercial kitchen and bistro, and a nightclub, but no gaming.

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