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
Merivale has furthered its inner-west presence with the $22+ million purchase of APF’s Vic on the Park in Marrickville. John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund (APF), backer to Riversdale, has been selling down its high-value portfolio, Vic on the Park representing the seventh sale, leaving just Balmain’s Unity Hall, and The
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around 20 years, operating it under management. The single level red brick pub sits on 1,644sqm
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River. It boasts a large outdoor area, complete with stage for live music events and festivals.
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of the Palisade back in 1880, beside the stake (palisade) fence in the street. The current
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