As the Gold Coast gears up in anticipation of hosting the Commonwealth Games next April, the Merrimac Tavern freehold and complex has sold on a strong yield to a local investor. The lot at Merrilaine Cres, Merrimac, comprises the popular Merrimac Tavern, as well as Counter Café and Big Fella’s Pizza. They form part of […]
After a top-to-bottom turnaround and just a year’s ownership, Pelathon has flipped its re-branded Orana Hotel in Lake Macquarie, ushering in new local veterans. Jaz Mooney’s Pelathon Pub Group (PPG) swooped on the receivership purchase of the flagging New Orana Hotel mid-2016, consolidating plans announced to take its business model and partnership with listed Blackwall
Following plenty of interest and multiple written offers, Peter and Emma Braithwaite are off to tour the sub-continent as they pass the mantle of their beloved Commercial Hotel to industry newcomers. The Braithwaites listed their big corner pub in Boolaroo in March, Peter telling PubTIC at the time it was “time for us to move
BRAITHWAITE BOOLAROO PUB SALE A COMMERCIAL SUCCESS Read More »
Icon of the outback the Daly Waters Hotel, has been sold for an undisclosed amount that included the untold number of women’s bras and undies adorning the walls. The Daly Waters pub – as profiled in PubTIC magazine – is one of the legends of the red centre, located hundreds of miles from anywhere. The
A couple boasting background in the performance arts, education and several Victorian pubs have quietly secured trendy Carlton local the Astor Hotel. Ilona Phyland and Darran Smith have been operating the Astor, the business reflecting Smith’s influence as a professional chef. The pair executed a comprehensive makeover of the pub, formerly known as Percy’s Bar
THESPIANS SCORE CARLTON’S TRENDY ASTOR HOTEL, AKA PERCY’S Read More »
Sydney hotelier Garry Macdougall has expanded on his capital operations, grabbing a coastal change with acquisition of the Lakeview Hotel in Merimbula. Boasting a waterfront site and unique opportunity as the only hotel in town, the Lakeview sits on 4,646m² overlooking the inlet between Merimbula Lake and Bay on the Sapphire Coast, around 500 km
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
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