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
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.
LOCAL NEWCOMER BUYS HAWKESBURY’S CLARENDON TAVERN Read More »
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
REDCAPE BUY INTO BREWING WITH COLOSIMO’S ROUSE HILL FLAGSHIP Read More »
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