Property

JDA TAKES FULL OWNERSHIP AT AUCTION OF PADSTOW PARK

Posted on March 21st, 2018 by Clyde Mooney
Following an international EOI campaign, the Padstow Park Hotel has sold under the hammer to incumbent operators JDA Hotels. The Padstow was purchased in 2014 by White & Partners for $13.7 million from Coles’ Spirit Hotels, with John Feros’ JDA

WINEMAKER TEMPTED INTO LEURA’S ELEGANT ALEXANDRA

Posted on March 21st, 2018 by Clyde Mooney
A former publican turned winemaker is back in the game after snapping up Leura’s beautiful Alexandra Hotel, in the lower Blue Mountains, outside of Sydney. Once upon a time, Greg Perrett was proprietor of the Bellbird Hotel in the Hunter

INSTANT PORTFOLIO FOR MYSTERY BUYER TO MOUNT ISA

Posted on March 14th, 2018 by Clyde Mooney
Two adjacent pubs in mega-mining town Mount Isa have sold in one deal from one private group to another. The Red Earth and Isa Hotels have been part of the stable of a well-known Brisbane-based hotel group, sharing adjoining boundaries

TOOHEY MOVES IN TO RESCUE THE RETREAT

Posted on March 12th, 2018 by Clyde Mooney
After heading to market as a vacant possession to optimise the buyer pool for its potential redevelopment, the storied Retreat Hotel has been bought to stay a pub for a long time yet. Listing in January, the modest Retreat is

AVC CONTINUES GROWTH VIA O’BRIENS AND PRINCE ALFRED HOTEL

Posted on March 5th, 2018 by Clyde Mooney
[caption id="attachment_12584" align="alignright" width="178"] Prince Alfred Hotel[/caption] The acquisitive Australian Venue Company is extending its working relationship with the O’Brien family, taking on the lease at the Prince Alfred Hotel in Richmond’s bustling Church Street. Australian Venue Company (AVC) –

SALE & LEASEBACK FOR COOKE-BEAUMONT AT BLAZING STUMP

Posted on February 23rd, 2018 by Clyde Mooney
Peter Cooke and Stephen Beaumont have successfully divested title of their big-format Blazing Stump in another example of the demand for strong commercial assets in Victoria. Occupying 1,780sqm on a 5,708sqm site in the heart of Wodonga, on the Victoria-NSW

REDCAPE’S $25m RETURN FLIGHT TO WATTLE GROVE

Posted on February 21st, 2018 by Clyde Mooney
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western

LAWLER BUYS FIRST PUB, HARVEY-PILON HEAD TO AMAROO

Posted on February 16th, 2018 by Clyde Mooney
Public House Management Group CEO Ben Lawler has taken the plunge with his first title in Dubbo’s Commercial Hotel, as vendors Brett Harvey and Greg Pilon pick up a local freehold. Around five hours’ drive north-west of Sydney, Dubbo is

MONTAGUE SOLD AS RETREAT BECKONS

Posted on February 16th, 2018 by Clyde Mooney
With one on the market, the Fermanis family has taken an unsolicited offer on title to its Montague Hotel on a tight Victorian return. Recently listing its Abbottsford pub, the Fermanis’ were approached off-market to sell their quaint corner pub

MYSTERIOUS MONARCH SELLS BIG BANKSIA TO RYANS

Posted on February 5th, 2018 by Clyde Mooney
Emerging pub group Monarch has divested its big footprint high-gaming Banksia Hotel in Rockdale to industry stalwarts Patrick Ryan and family. The Banksia was purchased by Monarch Hotels – a joint venture between hotel business veteran Joel Fisher and New