Ending a decades-long reign, the Luey family has sold its Chinatown gateway pub, the Covent Garden Hotel. The three-storey dual-fronted Covent Garden Hotel was opened by Tooths & Co in 1911. The imposing building stands sentry at the gateway to Chinatown’s famous Tumbalong Boulevard, in Haymarket. The Hotel leasehold interest has transacted off-market, with no […]
After coming to market in February, Dee Why’s only ‘pub’ on the beach has sold to Ben McBeath. Deck is a bar-restaurant overlooking Dee Why beach, with a primary service authorisation allowing it to serve drinks without a meal. The leasehold interest came to market earlier this year through Knight Frank, with 7.5 years remaining
The growing Don Hodge Group has snapped up the large-format Warners at the Bay, bringing another hotel opportunity to its enterprising portfolio. Warners at the Bay was established in 1999 on a sprawling 10,790sqm block in the Central Coast community of Warners Bay, around 150km north of Sydney, 14km from Newcastle. The pub enjoys flexible
Gallagher Hotels has offloaded the gaming-focused Triple 8 Hotel in Chinatown to the ever-active Oscars Hotels. Patrick Gallagher bought the operation with a seven-year lease in 2015 from Iris Group for circa $7.25 million, representing the two businesses’ fifth asset transfer, and not their last. Located in Dixon Street Mall, the Triple 8 is within
The team behind the Men’s Gallery venues has bought Rozelle’s Garry Owen with plans to capitalise on the potential of the 1920 community pub. The Garry Owen occupies a sizeable 358sqm site on a prominent corner of Darling Street, just off arterial Victoria Road. The handsome two-storey Colonial-style building has retained much of its façade’s
Gallagher Hotel Group has welcomed another Sydney north shore pub into the fold, picking up title to Chatswood’s Chelsea Hotel from Solotel for circa $20 million. The Chelsea is a modest local pub on the western side of Chatswood station, away from Chatswood Chase Shopping Centre, but also any immediate competition. The two-level Chelsea occupies
Marcus Levy’s Marvan Hotels has executed a reversal of fortune, with the sale and leaseback of its Leichhardt pub the Bald Faced Stag. Marvan bought the pub a few years’ ago for circa $4.5 million, with a few potential outcomes in mind. Early 2017 the group sold the leasehold operation to Ulladulla Property Services P/L,
Narrabri’s Tattersalls has sold to first-time freeholders, ushering a new era for a veteran publican and closing a door for another. Ian Negline and family reside and own pubs and caravan parks in the Central Coast, as well as they did the Tattersalls Hotel, around 500 kilometres north-west of Sydney. After successfully divesting the Caledonia
Marcus Levy’s Marvan Hotels has taken the keys to the legendary Hotel Delany – The Del – tipped to be Newcastle’s next best pub. The 1924-built Delany came to market last November following years of unsolicited offers, agents predicting its potential to draw first-rate operators to the opportunity. The vendor was Gary Hird, who has
Stephen Hunt is channelling the luck of the Irish, taking on his sixth pub with Port Macquarie’s Finnians Tavern. Eight months after a vacation that saw him snap up the Ocean View Hotel in Urunga, near Coffs Harbour, the Hunt Hospitality group has taken the keys to another coastal asset, around 250km north and mid-way
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