Property

DELAWARE SETTLES BIG BUYS IN BRISBANE, PASSES ON COLES

Posted on June 1st, 2018 by Clyde Mooney
US hospitality giant Delaware North has confirmed settlement on two of potentially many pub purchases in Queensland, as it exits the race to a JV with Coles’ Spirit Hotels. Founded in 1915, Delaware North (DN) operates hundreds of hospitality venues

IRESON BRINGS NEW ERA FOR OPHIR

Posted on May 30th, 2018 by Clyde Mooney
First-time owner Tim Ireson and family have taken hold of Orange’s Ophir Tavern, with plans and plenty of opportunity on a great site in the growing town. The Ophir is set on a big 9,171sqm block zoned B6, and one

O’SULLIVANS EXIT FORMER O’SULLIVAN HOTEL

Posted on May 30th, 2018 by Clyde Mooney
Ending two decades reign, the O’Sullivans have divested their iconic Essendon local. Previously a butcher shop and a hardware store, the family bought the Mt Alexander Rd site in 1988 and created an Irish-themed pub they eponymously called O’Sullivan Hotel.

SOUTH MELBOURNE’S THE MONTY SELLS – AGAIN

Posted on May 16th, 2018 by Clyde Mooney
Just weeks after the freehold sold, Bon Vivant Group has sold its lease at South Melbourne’s popular local The Montague. In February the Fermanis family announced the sale of the freehold of the Park Street pub, following an unsolicited offer

HILTON’S LONG-HELD QUAKERS INN SELLS

Posted on May 14th, 2018 by Clyde Mooney
Local identity and horseracing enthusiast Bill Hilton has sold his twice-built and long-run Quakers Inn for $24 million. Hilton built the large-format Quakers Inn back in 1991, with then business partner Nick Peters. Peters was the face of Peters Meats,

REDCAPE ‘STRATEGY’ DIVESTS DOONSIDE HOTEL

Posted on May 11th, 2018 by Clyde Mooney
Redcape has bucked recent trends and sold its suburban heartland pub, the Doonside Hotel. The Doonside occupies a big 7,278sqm town centre site in the western Sydney suburb, around 50 kilometres out of the Sydney CBD. Features include public and

CHINATOWN GATEWAY COVENT GARDEN HOTEL SOLD

Posted on May 11th, 2018 by Clyde Mooney
Ending a decades-long reign, the Luey family has sold its Chinatown gateway pub, the Covent Garden Hotel. The three-storey dual-fronted Covent Garden Hotel was opened by Tooths & Co in 1911. The imposing building stands sentry at the gateway to

DY’S DECK FINDS A NEW HOUSE

Posted on May 11th, 2018 by Clyde Mooney
After coming to market in February, Dee Why’s only ‘pub’ on the beach has sold to Ben McBeath. Deck is a bar-restaurant overlooking Dee Why beach, with a primary service authorisation allowing it to serve drinks without a meal. The

DON HODGE PICKS UP WARNERS AT THE BAY

Posted on May 4th, 2018 by Clyde Mooney
The growing Don Hodge Group has snapped up the large-format Warners at the Bay, bringing another hotel opportunity to its enterprising portfolio. Warners at the Bay was established in 1999 on a sprawling 10,790sqm block in the Central Coast community

OSCARS WIN TRIPLE 8 FROM GALLAGHERS

Posted on May 4th, 2018 by Clyde Mooney
Gallagher Hotels has offloaded the gaming-focused Triple 8 Hotel in Chinatown to the ever-active Oscars Hotels. Patrick Gallagher bought the operation with a seven-year lease in 2015 from Iris Group for circa $7.25 million, representing the two businesses’ fifth asset