Property

HEMMES FORKS OUT $7.5m FOR 3 WEEDS

Posted on April 24th, 2019 by Clyde Mooney
Justin Hemmes is keeping up his growth strategy, picking up Rozelle’s 3 Weeds in a strong result for the long-time owners and the evolution of the peninsula precinct. Set on an 880sqm lot around four kilometres west of the Sydney

KELLY LOOKS TO REVIVE THE EDDY

Posted on April 17th, 2019 by Clyde Mooney
One of Bathurst’s oldest pubs is set to be revived, entering the growing portfolio of local operator MPK Hotels. The two-storey Edinboro Castle Hotel occupies a big 1300sqm plot in the middle of Bathurst thoroughfare William Street. ‘The Eddy’ has

KNOX LOCKS UP GRIFFITH AREA HOTEL

Posted on April 15th, 2019 by Clyde Mooney
Griffiths’ Area Hotel has been snapped up by local publican Jim Knox, fending off metro rivals for the strong regional pub. After 15 years’ ownership, a private syndicate determined in March to divest its Griffith hotel, which it has operated

PELATHON PUTS UP $8.5m FOR GRAND PLANS

Posted on April 12th, 2019 by Clyde Mooney
Jaz Mooney’s Pelathon Management Group has underscored its faith in high-performing Queensland regions with the $8.5 million acquisition of Cairns’ Grand Hotel. Built 1926, the stately two-storey pub offers the well-known Croc Bar – replete with its carved crocodile bar-top

COUGHLAN LETS GO THE LORD

Posted on April 10th, 2019 by Clyde Mooney
Paddy Coughlan has sold off his flagship Lord Gladstone for a reported $5.5 million to another local hotelier, to continue plans for growing Frank Strong’s hard lemonade. The former Riversdale CEO announced sale campaigns on the freehold going concerns of

NEW HANDS FOR PALM & PAWN

Posted on April 10th, 2019 by Clyde Mooney
The Duncan family has sold its troubled Palm & Pawn Hotel in Wagga Wagga, ending their reluctant reinvolvement in the Riverina pub. Built on a generous 7,795sqm lot in the north of town, the Palm & Pawn offers bar, bistro

FLOWER TAKES HASTINGS IN LOCAL POWER PLAY

Posted on April 3rd, 2019 by Clyde Mooney
Alistair Flower has swooped on the elegant Hastings Hotel in Wauchope, celebrating rapid expansion and the birth of new entries to Flower Hotels. The former Redcape general manager, overseeing 40 venues, took his experience north and revived the Settler’s Inn

NEW FACES TAKE TO THE RIVERVIEW

Posted on March 22nd, 2019 by Clyde Mooney
Balmain gastro-pub the Riverview Hotel has been taken by new entrants to the pub sector, bringing a sharp background in professional hospitality. Jimmy and Nicola Queally sold the leasehold Interest of the former Balmain Pub Group’s Riverview, citing “mixed emotions”

BROCKS PART WITH QUEENSLAND’S OLDEST PUB

Posted on March 11th, 2019 by Clyde Mooney
After nearly three decades, the Brock family has departed “Queensland’s oldest pub” – ushering in old hand new entrants to the pub game. Built 1851 by Francis Bigge as the Brighton Hotel, on the shores of Moreton Bay overlooking North

CARSON & CO TAKE ON SMITHS’ AUSTRALIAN HOTEL

Posted on March 4th, 2019 by Clyde Mooney
The Smiths say goodbye to their thriving Australian Hotel, ending decades of their dedicated operation as they hand the reins to new locals Andrew Carson and family. Glenda and Gary Smith have owned and run their stately 1909-built Hotel overlooking