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 »
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
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