OLD FITZROY IN NEW HANDS
Jaime Wirth and associates have taken on a third operation – picking up the lease on the Old Fitzroy in the active waterside precinct of Woolloomooloo.
Property
BROOME BRINGS BEST OF WEST TO DY
Western Sydney pub stalwart Michael Broome is bringing some of the best of the west to the northern beaches, taking on Dee Why’s beachside Deck Bar. Broome’s Western Pub Holdings (WPH) operates several venues in Sydney’s greater west, including the immensely successful High Street Social, in Penrith. He is a delegate for the region, although
RECORD SALES AS PUB SECTOR THRIVES
News of the sale of two massive inner western pubs has emerged to herald a strong start to the year, with the Lidcombe Hotel and Royal Exchange Hotel Marrickville fetching a combined $80+ million. The off-market sale of the Lidcombe was by Monarch Hotels, which last year was tempted to market with its Banksia Hotel
MURRAY MEN TAKE ON CROOKWELL’S COMMERCIAL
Peter Griffiths has sold Crookwell’s stoic Commercial Hotel – aka the Horse & Hound – to three brothers Murray, ushering locals into the pub game. The two-storey brick pub on main street was built 1871 on a 1,141sqm block. It is known locally as the Commercial, although last traded as the Horse & Hound before
ALH’S AUSTRAL HOTEL SELLS FOR $25m
Charter Hall has continued its confidence in the pub sector with another big acquisition, of the ALH-tenanted Austral Hotel in Mackay for a reported $25 million. Charter Hall began its investment in blue-chip pub assets in 2014, acquiring a $600 million portfolio leased to ALH, in partnership with Hostplus. It has since proven selective of
COOEE BRINGS PUBLICAN BACK
The only pub in St George’s Basin has sold, heralding a return by local operators David Kennerwell and Michael Lucas. The Cooee Hotel is central to the south coast town, owned by Philip Archer and operated by a tenant, leased until September 2019. Sadly, Archer has been forced to sell due to severe ill-health, prompting
BIG NEWCASTLE SALES AS MIGRATION CONTINUES
Newcastle region continues its run of hot sales, with two transactions totalling a reported $20 million in the Belmont Hotel and Salamander Tavern. The Belmont is a large-format hotel on a 3,753sqm prominent corner of the Pacific Highway and Hitchcock Avenue. It offers multiple bars, restaurant and commercial kitchen, accommodation, and gaming room with 23
COOPERS HOTEL SELLS TO NEWCOMER
Newtown stalwart the Coopers Hotel has sold to new entrants to the sector, with Matt Williams’ King Tide group taking on their first pub for around $13.5 million. Strategically located at the northern end of King Street, just a few blocks from Solotel’s thumping Marlborough Hotel, the owner-operated Coopers proudly promotes its provenance in the
THE TAPHOUSE BROTHERS TAKE ON AVC’S THE OXFORD
The brothers Thorpe are leveraging their boutique beverage brains trust with expansion into and of AVC’s former Drink n’ Dine pub, The Oxford, at Petersham. The hyper-expansive Dixon Group snapped up the collection of three venues owner-operated by Jaime Wirth with Drink n’ Dine in late 2016, as one of several wholescale portfolio acquisitions on
WHITTEN-PROUT ON THE ROAD TO GUNNEDAH
The Gibbs’ have sold their Gunnedah Hotel in My Country to an expanding partnership of Daniel Whitten and Luke Prout. The best pub in one of the State’s rapidly growing towns, the Gunnedah is a big two-storey structure on 2,921sqm on main street. Chris and Kim Gibbs have owner-operated the business since 2011, but listed