Adrian Guest and family have divested the iconic Robertson Inn in the picturesque Southern Highlands, as he shifts focus and looks to his other pub. Robertson is a township around two hours’ drive south-west of Sydney, inland from Shellharbour, counting just over 1,300 permanent residents. The two-storey Inn was established in 1887 on the pass […]
Pelathon has flipped another big-trading Queensland pub, demonstrating its buy and sell strategy as the tide begins to shift in the coastal resources town. Jaz Mooney’s Pelathon Pub Fund acquired the somewhat tired Queens Hotel late 2017, and in keeping with the group’s model of investing in under-cooked operations unleashed some capex, including new gaming
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and South Australia, majority tenanted by Cole’s liquor and hospitality arm. HPI engaged JLL Hotels’ Tom
Hunt Hospitality is executing a strategic sell-down to capitalise on the high level of interest in the Hunter Region, kicking off with sale of the award-winning Rutherford Hotel to the growing O’Hara-Malloy collection. The pub is a large-format broad business on 2,553sqm in Rutherford, around 40 minutes’ north-west of the Newcastle CBD. It boasts a
Charter Hall’s ASX-listed Long WALE REIT has emerged as the buyer of the prominent Coles-tenanted Club Hotel Waterford for a record-setting $22 million. The Club Hotel is around 27 kilometres south of the Brisbane CBD, set on a prominent 11,000sqm corner to two main arterial roads, with a sports bar, gaming room with 45 EGMs
CHARTER HALL REIT SNATCH COLES FREEHOLD FOR TOP-DOLLAR $22m Read More »
Sam Arnaout has invested further in the Hunter, picking up Cessnock’s famous Peden’s Hotel in the biggest transaction for the region. Peden’s Hotel is a two-storey corner pub built on 1600sqm in the heart of town, adjacent to the entertainment and theatre precinct. It counts a large bar area and restaurant, nine accommodation rooms and
The freehold interest of ALH’s Royal Hotel Sunbury has been sold on a tight return between two pub families. The Royal enjoys a prominent corner in the heart of Sunbury, around 45 minutes’ north-west of Melbourne’s CBD, in a significant growth corridor. The Woolworths-Mathieson controlled ALH Group is 15 years into the original 25-year lease,
Patrick Gallagher has joined the ranks of the banana-benders, buying Jaz Mooney’s thumping Meadowbrook Hotel in the Queensland golden mile. The Hotel is a large-format pub built in the late 90s on a 5,934sqm site in Meadowbrook, in Logan City, between Brisbane and the Gold Coast. It counts multiple bars, an alfresco restaurant, 20 pub-style
Following an extensive renovation, Marcus Levy has sold his sea-change Seabreeze Hotel business to Coast king Steven Hunt, as Marvan keeps moving. The Seabreeze is a broad offering pub on a generous block intended as the perfect setting in which to “soak up the ambience and quintessential beauty” of Nelson Bay, around an hour north-east
Newcastle’s Mary Ellen Hotel has been sold by its newcomer local owner to private hotel investors. Merewether resident Adam Sherman purchased the Mary Ellen off-market late 2016, bringing extensive hospitality and business experience including decades owning and operating multiple McDonalds stores. While eager to succeed in the new sector, the serial entrepreneur listed the Mary
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