Property

TATTS HOTEL BACK IN SAFE HANDS

Posted on October 30th, 2017 by Clyde Mooney
The embattled Tattersalls Hotel at Lithgow is set to soar again, after a lengthy legal battle, receivership and auction sees a new start for a familiar face. The freehold title of the pub was bought nearly ten years ago, occupied

RYANS SELL REPUBLIC AND STAY

Posted on October 20th, 2017 by Clyde Mooney
Patrick Ryan and family have joined the coveted ranks of the sale-and-leaseback, divesting the title to Sydney CBD landmark the Republic Hotel, and staying on as operators. Ryan and siblings have owned the property since 1999 and executed a number

NEW LIFE AND BLOOD FOR CALEDONIA HOTEL

Posted on October 20th, 2017 by Clyde Mooney
After an exhaustive marketing campaign, the Caledonia Hotel has been sold to new blood, as the incumbent looks to other hotel and business interests. Local Ian Negline has been owner of the Caledonia, along with other Central Coast hotels and

PORT MELBOURNE’S MARDO’S HOTEL SOLD TO HACKS

Posted on October 16th, 2017 by Clyde Mooney
The magnificent Mardo’s Hotel has been sold to an up-and-coming craft beer operation, with plans for space for hacks and some onsite-brewing. After coming to market earlier this year, the 1860-built Mardo’s in Port Melbourne saw a lengthy sales process

MERIVALE TAKES ON VIC ON THE PARK

Posted on October 11th, 2017 by Clyde Mooney
Merivale has furthered its inner-west presence with the $22+ million purchase of APF’s Vic on the Park in Marrickville. John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund (APF), backer to Riversdale, has been selling down its high-value portfolio,

TURVEY TAVERN BACK IN LOCAL HANDS

Posted on September 29th, 2017 by Clyde Mooney
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around

OPEN ARMS AND EUMUNDI LAND $13m PLOUGH INN

Posted on September 29th, 2017 by Clyde Mooney
ASX-listed Eumundi Group Limited has partnered with the new Open Arms Hospitality Group in purchase of the long lease of Brisbane’s historic Plough Inn for $13.1 million. The Plough Inn first opened in 1885, and overlooks the winding Brisbane River.

HOTEL PALISADE SOLD AGAIN FOR $30m+

Posted on September 27th, 2017 by Clyde Mooney
The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of

DIXON GROUP’S SHENANNIGANS ENTRY TO NT

Posted on September 27th, 2017 by Clyde Mooney
Dixon Group has expanded into another state, picking up the operation of Shenannigans in Darwin. Shenannigans, known locally as “Shags”, is an Irish-themed party pub that opened 21 years ago, and has largely set the tone for the city’s Mitchell

MEERS PUTS $45m ON THE RITZ

Posted on September 25th, 2017 by Clyde Mooney
The Nelson Meers Group has pounced on Hurstville’s iconic Ritz, paying $45 million to add the baker’s dozen to its strong gaming portfolio. The long-standing landmark Hurstville ‘Ritz’ Hotel has been twice owned by former Newtown Jets front rower, Steve