Well-known publican Stephen Hunt has bought the Ocean View Hotel in an impulse deal that saw him prepare and take over the pub in just three days. Heading to Coffs Harbour with his boys for a rugby carnival, Hunt got a surprise call from the freehold owner of a pub he had previously looked at […]
Perth institution The Library has changed hands for the first time in 34 years, the freehold going concern fetching $4.6 million. Entertainment Enterprises have owned the two-storey freestanding venue in Northbridge since 1983, purchasing it as Hannibal’s nightclub. The group had a growing presence in bar and dining venues, and successful hype and a launch
Justin Hemmes says Merivale has strengthened its northern beaches “destination” portfolio with the $21m purchase of Mitchell Waugh and PHMG’s The Collaroy. Speaking with PubTIC, Hemmes explained how The Collaroy feels like an opportunity he has had before. “I think Collaroy itself is a community that has needs, so the immediate goal is to create
Redcape has completed the sale of its very large-format All Seasons Quality Hotel in Bendigo for around $24 million, completing a process begun before Moelis bought the balance of the portfolio in June. Occupying 3.56 hectares on McIvor Highway in Bendigo, around 150 kilometres out of the Melbourne CBD, the All Seasons boasts bar and
As the Gold Coast gears up in anticipation of hosting the Commonwealth Games next April, the Merrimac Tavern freehold and complex has sold on a strong yield to a local investor. The lot at Merrilaine Cres, Merrimac, comprises the popular Merrimac Tavern, as well as Counter Café and Big Fella’s Pizza. They form part of
After a top-to-bottom turnaround and just a year’s ownership, Pelathon has flipped its re-branded Orana Hotel in Lake Macquarie, ushering in new local veterans. Jaz Mooney’s Pelathon Pub Group (PPG) swooped on the receivership purchase of the flagging New Orana Hotel mid-2016, consolidating plans announced to take its business model and partnership with listed Blackwall
Following plenty of interest and multiple written offers, Peter and Emma Braithwaite are off to tour the sub-continent as they pass the mantle of their beloved Commercial Hotel to industry newcomers. The Braithwaites listed their big corner pub in Boolaroo in March, Peter telling PubTIC at the time it was “time for us to move
BRAITHWAITE BOOLAROO PUB SALE A COMMERCIAL SUCCESS Read More »
Icon of the outback the Daly Waters Hotel, has been sold for an undisclosed amount that included the untold number of women’s bras and undies adorning the walls. The Daly Waters pub – as profiled in PubTIC magazine – is one of the legends of the red centre, located hundreds of miles from anywhere. The
A couple boasting background in the performance arts, education and several Victorian pubs have quietly secured trendy Carlton local the Astor Hotel. Ilona Phyland and Darran Smith have been operating the Astor, the business reflecting Smith’s influence as a professional chef. The pair executed a comprehensive makeover of the pub, formerly known as Percy’s Bar
THESPIANS SCORE CARLTON’S TRENDY ASTOR HOTEL, AKA PERCY’S Read More »
Sydney hotelier Garry Macdougall has expanded on his capital operations, grabbing a coastal change with acquisition of the Lakeview Hotel in Merimbula. Boasting a waterfront site and unique opportunity as the only hotel in town, the Lakeview sits on 4,646m² overlooking the inlet between Merimbula Lake and Bay on the Sapphire Coast, around 500 km
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