Property

ALH’S ROYAL SUNBURY SELLS ON RAZOR YIELD

Posted on August 31st, 2018 by Clyde Mooney
The freehold interest of ALH’s Royal Hotel Sunbury has been sold on a tight return between two pub families. The Royal enjoys a prominent corner in the heart of Sunbury, around 45 minutes’ north-west of Melbourne’s CBD, in a significant

GALLAGHER GOES NORTH FOR MOONEY’S MEADOWBROOK

Posted on August 24th, 2018 by Clyde Mooney
Patrick Gallagher has joined the ranks of the banana-benders, buying Jaz Mooney’s thumping Meadowbrook Hotel in the Queensland golden mile. The Hotel is a large-format pub built in the late 90s on a 5,934sqm site in Meadowbrook, in Logan City,

LEVY SELLS SEABREEZE NELSON BAY TO HUNT

Posted on August 22nd, 2018 by Clyde Mooney
Following an extensive renovation, Marcus Levy has sold his sea-change Seabreeze Hotel business to Coast king Steven Hunt, as Marvan keeps moving. The Seabreeze is a broad offering pub on a generous block intended as the perfect setting in which

MARY ELLEN SOLD

Posted on August 8th, 2018 by Clyde Mooney
Newcastle’s Mary Ellen Hotel has been sold by its newcomer local owner to private hotel investors. Merewether resident Adam Sherman purchased the Mary Ellen off-market late 2016, bringing extensive hospitality and business experience including decades owning and operating multiple McDonalds

LOCAL NEWCOMER BUYS HAWKESBURY’S CLARENDON TAVERN

Posted on August 6th, 2018 by Clyde Mooney
Adam Derwin has sold his large-format Clarendon Hotel freehold going concern to an industry newcomer for $6 million. The heart of Clarendon resides on the corner of Hawkesbury Valley Way and Racecourse Road, which leads into Hawkesbury Race Club. The

REDCAPE SELL BELROSE BACK TO THE BAYFIELDS

Posted on August 1st, 2018 by Clyde Mooney
Redcape has continued its portfolio reshuffle, selling the big Belrose Hotel back to the Bayfields. A classic suburban pub in the heartland of the northern beaches peninsula, the Belrose Hotel has seen generations of locals passing time on its generous

BLUE BROTHERS PART WITH KIAMA INN

Posted on August 1st, 2018 by Clyde Mooney
The Blue brothers have parted with their long-held Kiama Inn Hotel in the jewel of the Illawarra. The large-format Kiama Inn opened in 1888 as Tory’s Hotel, named after local colonial publican George Tory. Still sporting the embossed name on

REDCAPE BUY INTO BREWING WITH COLOSIMO’S ROUSE HILL FLAGSHIP

Posted on July 11th, 2018 by Clyde Mooney
Redcape has announced its acquisition of the Colosimos’ Australian Hotel and Brewery for around $50 million, heralding the group’s plans to invest in the “craft and localised beer market”. Marcello Colosimo and family opened the large-format Australian Hotel and Brewery

BAM OFFLOADS BIG GAMER VAUXHALL INN TO REDCAPE

Posted on July 9th, 2018 by Clyde Mooney
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

FOUR IN HAND TO STAY PUB WITH SALE TO GOOD BEER CO

Posted on July 4th, 2018 by Clyde Mooney
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