Property

UPDATE: SALE OF THE HARBOUR VIEW HOTEL

Posted on October 10th, 2018 by Clyde Mooney
PubTIC wishes to clarify a recently published article PHOENIX RISING: PATERSON TAKES HARBOUR VIEW It has now become known to us that Phoenix Hotel Group has not purchased the Harbour View Hotel yet. We would like to extend apologies to

SOLOTEL LEAVE CLOVELLY TO NEW TEAM

Posted on October 5th, 2018 by Clyde Mooney
Solotel has announced it has divested its leasehold interest in the beachside Clovelly Hotel. The group took on a lease in 2016 with Sam Arnaout’s Iris Capital, which had owned and operated and renovated it extensively over the past decade,

GUEST DEPARTS ICONIC ROBERTSON INN

Posted on September 26th, 2018 by Clyde Mooney
Adrian Guest and family have divested the iconic Robertson Inn in the picturesque Southern Highlands, as he shifts focus and looks to his other pub. Robertson is a township around two hours’ drive south-west of Sydney, inland from Shellharbour, counting

PELATHON FLIP QUEENS HOTEL FOR ROYAL RETURN

Posted on September 21st, 2018 by Clyde Mooney
Pelathon has flipped another big-trading Queensland pub, demonstrating its buy and sell strategy as the tide begins to shift in the coastal resources town. Jaz Mooney’s Pelathon Pub Fund acquired the somewhat tired Queens Hotel late 2017, and in keeping

HPI DIVEST COLES’ WICKHAM ON TIGHT RETURN

Posted on September 21st, 2018 by Clyde Mooney
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and

HUNT HANDS RUTHERFORD BATON TO O’HARA-MALLOY

Posted on September 19th, 2018 by Clyde Mooney
Hunt Hospitality is executing a strategic sell-down to capitalise on the high level of interest in the Hunter Region, kicking off with sale of the award-winning Rutherford Hotel to the growing O’Hara-Malloy collection. The pub is a large-format broad business

CHARTER HALL REIT SNATCH COLES FREEHOLD FOR TOP-DOLLAR $22m

Posted on September 14th, 2018 by Clyde Mooney
Charter Hall’s ASX-listed Long WALE REIT has emerged as the buyer of the prominent Coles-tenanted Club Hotel Waterford for a record-setting $22 million. The Club Hotel is around 27 kilometres south of the Brisbane CBD, set on a prominent 11,000sqm

IRIS SEES WAY INTO HUNTER LEGEND PEDEN’S HOTEL

Posted on September 3rd, 2018 by Clyde Mooney
Sam Arnaout has invested further in the Hunter, picking up Cessnock’s famous Peden’s Hotel in the biggest transaction for the region. Peden’s Hotel is a two-storey corner pub built on 1600sqm in the heart of town, adjacent to the entertainment

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,