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
Brisbane developer Terry Harmer has listed the business opportunity of the refurbished Terranora Tavern, in the newly appointed Terranora shopping centre. Harmer boasts a background in shopping centre development, and around two years ago bought from United Petroleum the entire Terranora site, which was almost empty, and the pub closed. Terranora is a coastal town
Riversdale has ended speculation of a complete sell-down with the purchase of the Lambton Park Hotel in suburban Newcastle. The pub was bought around three years’ ago by a partnership of three newcomers to the industry, who went on to also buy Sydney’s Haymarket Hotel. The trio put the Lambton Park – locally known as
The Marlow Hotel Group has secured the huge Peachtree Hotel in Penrith, following less than a year’s ownership by ASX-listed property developer, Boyuan Holdings. Chinese development company Boyuan Holdings Limited (ASX: BHL) bought the big Penrith pub last October from long-time owner Colin Parras, paying $15.5 million. The Peachtree Hotel – locally known as The
The highly successful O’Brien Group has secured a foothold in Sydney with the lease rights purchase to Singleton’s iconic Icebergs in Bondi. The internationally renowned Icebergs Dining Room & Bar (IDRB) occupies 675sqm on the top level of the three-storey building standing over the heritage-listed Bondi Baths, built on Crown land, facing north-east across the
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