With one on the market, the Fermanis family has taken an unsolicited offer on title to its Montague Hotel on a tight Victorian return. Recently listing its Abbottsford pub, the Fermanis’ were approached off-market to sell their quaint corner pub The Montague, on 277sqm in well-populated South Melbourne. While the Retreat is being offered as […]
Emerging pub group Monarch has divested its big footprint high-gaming Banksia Hotel in Rockdale to industry stalwarts Patrick Ryan and family. The Banksia was purchased by Monarch Hotels – a joint venture between hotel business veteran Joel Fisher and New York hedge funds Vardé and York Capital – late 2015 from the Waugh Group. The
Dixon Hospitality Group has hit 2018 running, with a new group name and deals for two new northern venues into the stable. The Victorian-based hotel group fronted by former Spotless director Bruce Dixon has rebranded to Australian Venue Co (AVC), now boasting over 50 hospitality venues across NSW, Victoria, Queensland, Northern Territory and most recently
An unnamed buyer has secured the blank canvas freehold of Melbourne’s promising East Brunswick Hotel at auction for $4.4 million. The former CUB pub on the corner of Lygon and Albert Streets has seen several incarnations over the years, and recently enjoyed a reputation for live music, respected for its mandate to play up-and-comers. In
Universal Hotels has landed a trifecta in Taylor Square with acquisition of Pelathon’s Darlinghurst icon, the Oxford Hotel. The pub on the corner of the eponymous Oxford Street and Bourke Street went through several name changes and minor geographical repositioning between being first licensed in the 1850s and being demolished to facilitate road widening in
OXFORD HOTEL MEANS TAYLOR SQUARE HATTRICK FOR UNIVERSAL Read More »
ALH has divested the freehold going concern of its Brighton Hotel in Mandurah, a strong auction drawing $3.7m for the former Compass pub. Australian Leisure & Hospitality (ALH) bought up the entire 12-venue portfolio of the failed Compass Group for $86 million in 2011, and has continued operation since on all but one. The Brighton
After more than four decades at the bar, the Aidone brothers have sold their beloved Central Club Hotel in North Melbourne for a record-setting $7.925 million. The two-storey Central Club Hotel sits on a corner of Victoria Street, with triple street frontage. In recent decades it has become surrounded by new residential, hotel and student
LONG-STANDING AIDONE BROTHERS SCORE WITH CENTRAL CLUB HOTEL Read More »
The award-winning Feros Group has sold flagship the Rocksia Hotel to Hall of Famers Bill and Mario Gravanis’ Oscars Hotels for a quick $36 million. Both Chris Feros and the Gravanis brothers were central to the recent AHA NSW Awards for Excellence, where Feros’ new build The Prince took home four Awards including Hotel of
One of Brisbane’s oldest and most iconic pubs has sold for the first time in 95 years to Colin Macleod’s expanding Oz Pub Group. The Boundary Hotel has stood on the corner of Boundary Rd and Jane St in Brisbane’s West End since 1864 on an ample 1,924sqm block. The lare-format two-storey brick pub offers
The march of Merivale continues with another prominent acquisition, the group picking up Halcyon’s Hotel Centennial on Oxford Street, Woollahra. The Centennial is a landmark two-storey pub built in 1888 on a 780sqm block, opposite Centennial Park, making it proximate to race-goers from Randwick, and visitors to Sydney Cricket Ground and Football Stadium. It was
MERIVALE TAKES ANOTHER HEART OF THE EASTERN SUBURBS Read More »
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