Property

WYNNE WYNNE IN ROYAL RICHMOND

Posted on July 17th, 2019 by Clyde Mooney
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

COMISKEYS BRING HISTORY AND FUTURE TO SAMFORD HOTEL

Posted on July 17th, 2019 by Clyde Mooney
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

PRIVATE BUYER SNAPS UP HARBOUR VIEW

Posted on July 10th, 2019 by Clyde Mooney
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

A FRIEND IN HAND IS YOUNG AGAIN

Posted on July 5th, 2019 by Clyde Mooney
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

LAUNDY JUMPS TO OXFORD DRUMMOYNE

Posted on July 1st, 2019 by Clyde Mooney
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

SUMMER HOUSE LINKING EAST COAST CHAIN

Posted on June 26th, 2019 by Clyde Mooney
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 –

IRIS LANDS ALH’S CAMBRIDGE TAVERN FOR $56m

Posted on June 19th, 2019 by Clyde Mooney
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

OSCARS BUILDS ON INNER WEST EMPIRE

Posted on June 17th, 2019 by Clyde Mooney
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

GOOD TIMES AS INGHAM-MYERS DIVEST NEW ENGLAND

Posted on June 17th, 2019 by Clyde Mooney
Brett Nielson and Steve Forbes have taken their newly-formed Good Times Industries west to Armidale, picking up ‘The Newie’ as the Ingham-Myers' exit the region. Nielson is long-time owner of the Glengarry Castle Hotel in Redfern, where he used to

PENTAGON TAKES $30m EBC PORTFOLIO

Posted on June 12th, 2019 by Clyde Mooney
The expanding Pentagon Group has fronted up over $30 million for EBC Leisure’s portfolio of three pubs in the blossoming apple isle. Unlisted pub vehicle EBC began moves last year to divest its pub interests, after more than a decade