As development fever continues to grip Victoria, the landmark Beach Hotel site, with supermarket, has sold to a Chinese investor for around $18 million. Famed for its vibrant atmosphere and views of Port Phillip Bay, the Beach Hotel overlooks Albert Park Beach, and features bars and dining rooms, function rooms, bistro, gaming room with 32 […]
St Kilda’s famous Hotel Barkly has been sold – for the second time in six months – to new publicans, the owners of the backpacker business upstairs. The popular Hotel Barkly came to market mid-2016, with long-standing operator Simon Lennox offering up the trendy pub with multiple bars, as well as 11 boutique hotel rooms
HOTEL BARKLY SOLD – FOR SECOND TIME IN SIX MONTHS Read More »
The prominent Royal Coach Hotel has been strategically bought by Prince Alfred College, banking a long-term development opportunity. Vendors Hospitality Investments P/L and McCracken Kent Town P/L have divested the three-storey city-fringe Hotel, which features a bar, the Terrace Restaurant, conference and function facilities, 49 guest rooms offering 24-hour room service, an indoor swimming pool
Hickey and Negas have sold their Grosvenor Hotel in Waterloo for north of $5 million to some industry newcomers looking to get in on the action of Sydney’s thriving inner-west pub scene. Former CCA executive Denis Hickey and businessman Warwick Negus bought the corner pub from Riversdale in 2010, and passively listed it last year
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected to pique investors, developers and hoteliers looking for the next big thing. The Tavern and
In what could be record short time on the market, Dean Haritos has signed over the deeds to his booming Verandah Hotel to an unnamed “well-known Sydney hotelier”. The price was reported to be “comfortably in excess” of the $9 million price expectation suggested at the campaign launch – just last week. Haritos manages numerous
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John Singleton, Geoff Dixon and Mark Carnegie with a $300m kitty looking to find returns in
Another Sydney hotelier has bought big in Brisbane, with Joe Irvin picking up the “trophy asset” Homestead Tavern for $15.6 million. The ongoing shortage of opportunities in Sydney and Melbourne is driving more publicans up the coast, finding value in the similarly booming yet comparatively well-priced south-east Queensland market. Paul Irvin Hotels, led by successor
IRVIN HOTELS BUYS HOMESTEAD TAVERN AS SPANKIE EXITS Read More »
One of Sydney’s most popular craft beer haunts has been sold by the purveyors of Good Beer. The Good Beer Company has operated sister venues the Dove & Olive and the Keg & Brew, both in Surry Hills, for the past several years, developing them into the quintessential beer meccas. In September 2015, Good Beer
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of 16 assets that began as a debt rescue mission in late 2015, and gaining momentum
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