Morry Schwartz has divested two big properties in Melbourne’s East End, collecting $92 million for the Adina Hotel, and the city’s oldest pub, the Duke of Wellington, operated by Dixon Group. Publisher and property developer Morris ‘Morry’ Schwartz put the landmark properties to market in October, offering 2 Russell St, site of the recently upgraded […]
SCHWARTZ REAPS $92m FOR DIXON’S THE DUKE PLUS ADINA Read More »
Universal Hotels has boosted its presence in Darlinghurst, acquiring the multi-level Brighton Hotel in the heart of a rebounding Oxford Street. The Brighton has been owned by the same family since 1977, and hit the market in August as its 82-year-old owner looked to retirement. Located on a small 127sqm lot, the four-level brick structure
UNIVERSAL ACQUIRE BRIGHTON HOTEL ON OXFORD ST BOUNCE Read More »
UPDATE: The historic Water Rat Hotel in South Melbourne has sold, holding a short lease and offering a range of options for the buyer. The two-storey pub was built in 1858 as Druids Hotel on a 314sqm block just three kilometres from the Melbourne CBD, providing 513sqm of floor space with two separate bar areas,
This week Moelis – new owner of Redcape Hotel Group – announced nearly $100 million in acquisitions into the portfolio ahead of a big capital raising and its potential re-listing. Redcape Hotel Group (RHG) already operates top gaming pub the Cabramatta Inn, and has executed a $45 million purchase of the freehold from the Bowden
After some speculation, Merivale has confirmed its acquisition of the famed Royal Hotel at Bondi. The Royal is a Bondi Road institution, and part of local folklore. It saw the founding meeting of the historic Bondi Surf Bathers Life Saving Club in 1907, and in 1966 hosted a scene from the kitsch Australian cinema classic
Singleton’s Agricultural Hotel has sold to a Chinese investor, as long-time owners the Whathams exit the pub game. The ‘Agi’, as it is known locally, has been owned by Allen and Sue Whatham for more than two decades, at times run by them, other times leased. The pub is 30 minutes from the popular Hunter
The embattled Tattersalls Hotel at Lithgow is set to soar again, after a lengthy legal battle, receivership and auction sees a new start for a familiar face. The freehold title of the pub was bought nearly ten years ago, occupied by a tenant paying unrealistic rent, who soon broke the lease on the basis the
Patrick Ryan and family have joined the coveted ranks of the sale-and-leaseback, divesting the title to Sydney CBD landmark the Republic Hotel, and staying on as operators. Ryan and siblings have owned the property since 1999 and executed a number of pivots with the market, most recently a multi-million-dollar renovation to produce a very on-trend
After an exhaustive marketing campaign, the Caledonia Hotel has been sold to new blood, as the incumbent looks to other hotel and business interests. Local Ian Negline has been owner of the Caledonia, along with other Central Coast hotels and tourist parks, operating the pub under management. Amid growing commitments, he offered up the freehold
The magnificent Mardo’s Hotel has been sold to an up-and-coming craft beer operation, with plans for space for hacks and some onsite-brewing. After coming to market earlier this year, the 1860-built Mardo’s in Port Melbourne saw a lengthy sales process and settlement, finally producing a transaction to Chris Nicholls and partners of Hack Brewing, as
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