A Melbourne-based property developer has taken its first step into the pub game with the purchase of an almost-built site begun by Tom Hedley a decade ago. The Queensland-based Hedley Group was one of the high-flying pub developer operations buying and building prior to the GFC, which subsequently sank it and others when values plummeted […]
NEW PLAYER PEAK EQUITIES BUYS DORMANT HEDLEY SITE FOR NEW PUB Read More »
ASX-listed Chinese developer BHL has entered the Australian pub scene with the purchase of Colin Parras’ Peachtree Hotel Penrith. Boyuan Holdings Limited (ASX: BHL) is a Chinese property development company with growing interests in both residential and commercial development in Australia. As part of its strategy to invest in opportunities across complementary sectors, through its
A vehicle controlled by investment bank Moelis Australia has finally cemented purchase of the high-flying Redcape Hotel portfolio for $677 million. Ending around two years’ speculation as to the hotel group’s fate, including rumours of suitors such as a partnership between Charter Hall and ALH, and one between Moelis and hotelier Nelson Meers, Moelis has
MOELIS AT LAST LANDS FLYING REDCAPE HOTEL PORTFOLIO Read More »
As Redcape’s destiny continues to be the subject of speculation, the Group has quietly sold one of its inner western Sydney pubs to the Gravanis brothers’ diverse and acquisitive Oscars Hotels. Located on the corner of New Canterbury and Livingstone Roads in Petersham, the Livingstone is a classic locals’ pub, offering rare onsite parking and
The team behind the Open Door Pub Co are back, with ambitious plans and the freehold acquisition of Hardiman’s Hotel in Kensington. Open Door Pub Co (ODPC) was the product of Michael Thiele and Craig Ellison, formed in 2004, furthering the pair’s UK enterprise the Walkabout Inns. ODPC accumulated a large collection of hotel operations,
Iris and Gallagher Hotels have furthered their history, speaking exclusively of selling each other the Hunters Hill Hotel and Tiger Bar in the biggest pub transaction in years, sources say tops $64 million. Sam Arnaout’s Iris Capital has been behind some very successful pub developments and is likely Australia’s most influential truly integrated development and
HUGE GALLAGHER IRIS HUNTERS HILL TIGER PUB SALE BUY SWAP Read More »
Aligning with the arrival of a new Paech, the Goodtime Hospitality boys have divested their West Village Hotel – aka the White Cockatoo – to inner-west publican prophet Ray Reilly. Forming in mid-2014, Locky Paech and James Bodel’s hotel business kicked off with the purchase of Petersham’s White Cockatoo later that year. After running it
REILLY BUYS THE GOODTIME WEST VILLAGE WHITE COCKATOO Read More »
Investment money keeps pouring into the pub sector, with the Marine Hotel Brighton setting another low yield benchmark in Victoria. The freehold interest of the Marine Hotel was sold early 2016 by automotive entrepreneur Bobby Zagame for $13 million, showing a tight yield of 3.86 per cent. Boasting 50 EGMs, it set a new high
Almost a year to the day since Mother Nature rose up and engulfed the historic George IV Inn, it has sold at auction to an industry newcomer swept by a passion to revive it for the locality. Built in 1835 by convict labour, the George IV at Picton is a landmark on the trail south
As beer barons Guy Greenstone and Steve Jeffares sign off on another GABS, they also announce the passing of the baton at their beloved Local Taphouse Darlinghurst to the brothers Thorpe. Victorians Greenstone and Jeffares opened their northern instalment of The Local Taphouse in 2009, expanding upon their St Kilda stalwart by the same name
NEW LOCAL OWNERS FOR LOCAL TAPHOUSE DARLO – POST-GABS Read More »
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