Property

VIRTICAL’S LAST PUB SOLD

Posted on January 24th, 2025 by Clyde Mooney
The sun has set on pub operator Virtical’s portfolio, with a successful sale of Hotel Australasia to another hospitality developer. The picturesque heritage-listed Hotel is a landmark of Eden, on the NSW south coast, built in 1904, with 38 metres

REDCAPE REVERSES WITH MULTIPLE ACQUISITIONS

Posted on January 22nd, 2025 by Clyde Mooney
MA Redcape Hotel Fund has reversed its run of divestments with purchase of three hotels in coveted southeast Queensland, to further its portfolio refresh and optimisation. The prior calendar year continued a shake-up of the Redcape stable that saw multiple

IRIS TAKES TWO FROM REDCAPE

Posted on January 20th, 2025 by Clyde Mooney
The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million.

SOLOTEL SNARES A SET OF PUBLIC PUBS

Posted on December 13th, 2024 by Clyde Mooney
Leading Sydney operator Solotel has emerged as the new operator of the majority of the Public Hospitality portfolio recently into receivership, adding three inner west pubs to the collection. Formerly high-flying dealmaker for tax advisor KPMG, Jon Adgemis, came unstuck

REILLY FINDS A FRIEND

Posted on December 13th, 2024 by Clyde Mooney
One of Glebe’s historic watering holes has a new Friend – for the third time in six years, as Ray Reilly and co take on the inner west pub, following a public sale by Marcello Colosimo’s Momento Hospitality. In 2022

OSCARS TAKE LUNA PARK

Posted on December 2nd, 2024 by Clyde Mooney
Bill and Mario Gravanis’ Oscars Group has acquired Sydney’s famous Luna Park, with plans to further increase its hospitality appeal. Enjoying a picturesque and totally unique location on the shores of Sydney Harbour, the historic Luna Park Sydney is a

HAKFOORT ENTERS THE COUNTRY CLUB

Posted on December 2nd, 2024 by Clyde Mooney
Hakfoort Group has bought the resurrected Country Club Hotel, settling in with plans and a prompt name change in tune with the precinct. Located on Cunningham Street in the heart of Dalby’s town centre, on a prominent and expansive 2,073sqm

IMG HEADS TO THE BEACH

Posted on November 29th, 2024 by Clyde Mooney
The Turnbull family’s Investment Management Group has taken the deeds for the McElhone family’s idyllic Cabarita Beach Hotel in northern New South Wales. Positioned literally metres from what has more than once been voted Australia's #1 beach, the Cabarita Beach

GOOD BEER RECONSTITUTES THE CASTLE

Posted on November 22nd, 2024 by Clyde Mooney
The historic Edinburgh Castle will find a home in Good Beer, sold with vacant possession as Solotel winds up its operation of the Sydney CBD landmark. Established in 1885, on the corner of Pitt and Bathurst Streets, ‘the Eddie’ was

HURLEY HOTELS GETS BIGGER WITH THE BARKER

Posted on November 18th, 2024 by Clyde Mooney
The Hurley Hotel Group has announced the acquisition of the iconic Barker Hotel, culminating a two-decade rein for the Fassina family. The family-owned South Australian hotel group currently operates a portfolio of nine hotels, including the renowned Arkaba, Hotel Royal,