Dixon Group has expanded into another state, picking up the operation of Shenannigans in Darwin. Shenannigans, known locally as “Shags”, is an Irish-themed party pub that opened 21 years ago, and has largely set the tone for the city’s Mitchell St entertainment strip. The pub was created by brothers Justin and Michael Coleman, who have […]
The Nelson Meers Group has pounced on Hurstville’s iconic Ritz, paying $45 million to add the baker’s dozen to its strong gaming portfolio. The long-standing landmark Hurstville ‘Ritz’ Hotel has been twice owned by former Newtown Jets front rower, Steve Bowden. The pub holds a special place in industry legend, achieving the highest sale of
Cape Bouvard Investments has secured the big Coles-tenanted Waterloo Hotel and block in the downtown heart of Brisbane for $47 million. The historic Waterloo Hotel occupies 991sqm on the very prominent corner of Commercial Road and Ann St in Newstead, surrounded by A-grade commercial and leisure businesses. The Hotel is part of the Waterloo Junction
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Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of the eastern suburbs, and one of Sydney’s “irreplaceable” oceanside pubs. Iris executed an extensive renovation
Byron Bay’s legendary Beach Hotel has broken its own sales record, fetching $70 million from sophisticated new investors. One of Australia’s richest families is backer to the Impact Investment Group, which has expanded slightly beyond its normal investment type with the freehold purchase of the Beach Hotel in the idyllic NSW north coast town of
Steve Ginty has sold his Glasgow Arms Hotel in Sydney’s inner west, ushering in another up-and-coming veteran Adam Derwin. Ginty has been a career publican, beginning life in pubs as a barman at the Woolwich Pier Hotel. Emanating from Coonamble, around 500 km north-west of Sydney, he first operated the (former) Tattersalls Hotel, then Dubbo’s
Jewel of the central coast the Patonga Beach Hotel has sold to a growing operator, the waterfront pub to become another addition to the acclaimed Boathouse port. Boasting 1540sqm of water frontage overlooking Patonga Beach, facing south-east across Pittwater to Palm Beach, the Hotel was first listed last August by Scape Constructions, which had purchased
The Murphy family has parted with Maitland’s thriving Belmore Hotel, with a local businessman picking up the freehold going concern for $9 million. The Murphys have owned the Belmore since 2003, and citing increasing interests in other endeavours made the reluctant decision to list the pub, which boasts several bars, a successful foodservice operation, large
Campbell Rogers has grown his footprint of Central Coast pubs, purchasing the Gunyah Hotel from rugby league families the Hetheringtons and the Mullins’. League legend brothers Brett and Jason Hetherington and family have owned the Gunyah in Lake Macquarie with Canberra Raiders’ star Brett Mullins and family for the past 15 years. The families determined
Melbourne’s tightly-held freehold market has held to precedent, with the Park Hotel in Abbotsford selling at auction for more than 140 per cent of reserve, at a razor-sharp yield. Built in 1864, the Park sits on a big corner block on Abbotsford’s Nicholson Street, just four kilometres from the heart of Melbourne. For the past
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