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 »
Hot on the heels of the recent sale of Balmain’s Town Hall, and listing of North Sydney’s historic Greenwood, Balmain Pub Group announce the sale of its inner-west Swanson Hotel. Located on Swanson St, Erskineville, the former Kurrajong Hotel saw an extensive refurbishment under Balmain Pub Group (BPG) that introduced a new 80-seat restaurant and
The Kospetas family’s Universal Hotels has secured Riversdale’s iconic Kinselas Hotel, stepping up its strategy around embedding modern hospitality in historic settings. Rumours the three-level landmark at Oxford Street’s Taylor Square was on the market began late last year, even before the Marlborough Hotel was officially listed, and before the surprise sale of three Riversdale
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As Sydney freeholds continue to sell like hotcakes, a private investor has landed the deeds to Chippendale’s Duck Inn. Tucked into Chippendale’s Rose St, a stone’s throw from Sydney University, the Duck Inn Pub & Kitchen is a popular gastro pub that in recent years has been owned by a syndicate of five passive
Sydney stalwart publican Bill Smith has teamed up with Sam Smith to buy ‘locals pub’ the Alfred Hotel, in city-fringe Camperdown. Established in 1939, the Alfred was originally the Grose Farm Hotel, built in Art Deco style with curved walls and parallel lines, and the quintessential wall tiles, in burnt yellow and green. Situated on
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