Adam Derwin has sold his large-format Clarendon Hotel freehold going concern to an industry newcomer for $6 million. The heart of Clarendon resides on the corner of Hawkesbury Valley Way and Racecourse Road, which leads into Hawkesbury Race Club. The Tavern is part of a strata block including an Oporto’s and a BP service station. […]
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Redcape has continued its portfolio reshuffle, selling the big Belrose Hotel back to the Bayfields. A classic suburban pub in the heartland of the northern beaches peninsula, the Belrose Hotel has seen generations of locals passing time on its generous grounds, with the demographic gradually shifting toward the upwardly mobile and higher socio-economic population seen
The Blue brothers have parted with their long-held Kiama Inn Hotel in the jewel of the Illawarra. The large-format Kiama Inn opened in 1888 as Tory’s Hotel, named after local colonial publican George Tory. Still sporting the embossed name on the façade and known in some circles as Tory’s Kiama, the business has been owned
Redcape has announced its acquisition of the Colosimos’ Australian Hotel and Brewery for around $50 million, heralding the group’s plans to invest in the “craft and localised beer market”. Marcello Colosimo and family opened the large-format Australian Hotel and Brewery (AHB) in 2010, incorporating a modest commercial brewery under the stewardship of acclaimed brewer Neal
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Redcape has let loose the chequebook again, acquiring Bondi Asset Management’s Vauxhall Inn for around $40 million. Bondi Asset Management (BAM) was formed in 2015, counting Sydney hotelier Andrew Lazarus and former Citibank director Stuart King as stakeholders. BAM kicked off plans for pub acquisitions and management with the $28 million purchase in January 2016
PHMG has sold its highly speculated Four in Hand to the Good Beer Company, marking its continued future as a pub. Mitchell Waugh’s Public House Group purchased the Paddington icon in 2015, clinching a hattrick of pubs in the precinct with the formerly two-hatted pub restaurant led by celebrity chef Colin Fassnidge. Despite ongoing success
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Well-known publican Geoff Hayward is bowing out of the game, having sold his final piece, the Brisbane Hotel, to the growing Prendiville family. Hayward’s Capital Management WA has owned and operated the Boulevard Hotel in Floreat, and the Brisbane Hotel, in the Perth suburb of Highgate. He purchased the popular Brisbane in 2003, transforming the
Universal Hotels has clinched another Oxford Street icon – it’s biggest to date – settling on the once-thriving now dormant Midnight Shift. The acquisitive pub group now holds title on four Oxford Street pubs, in a clear play to invest in and dominate the recently lacklustre precinct. Located on the lower end of the strip,
A Sydney-based syndicate has sold Narrabri’s big Tourist Hotel to an enterprising local set to breathe some new life into the simmering local. Narrabri is a town of 6,000 people around 500 kilometres north-west of Sydney, best-known for its cotton industry and the Santos $3bn Narrabri Coal Seam Gas Project. The two-storey Tourist Hotel, built
Coles has completed its exit from NSW pub operations, selling the Northlakes Tavern to the pub partnership of Arthur Laundy and Mark Malloy. Moving to minimise or remove itself entirely from its PR burden of association with gaming, Coles listed the leasehold interest in the Tavern in Charmhaven in February. However, the freehold owners of
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