Balmain Pub Group has confirmed its sale of Balmain’s Town Hall Hotel, and the new owner confirmed he will be mixing things up. After some speculation, particularly that of the Mayor of (the former) Leichhardt Council, Darcy Byrne, heralding the beloved local pub’s imminent demise, Balmain Pub Group (BPG) has revealed that its Town Hall […]
After weeks of speculation, Sand Hill Rd have finally confirmed their purchase of the iconic Esplande Hotel – The Espy – taking on the challenge of reviving one of Melbourne’s cultural institutions. The five-level building graces The Esplanade, St Kilda, and was once a resort mecca for the wealthy and famous. Facing west over Port
Continuing the wave of hot transactions, the biggest for two years has gone down, with the top-ranked Coolibah Hotel in Merrylands selling for around $40 million. The very private family-run Vlandis group, led by Peter Vlandis and his son-in-law Michael Samios, operate several western Sydney pubs, including Bankstown’s popular Three Swallows Hotel. Recognising market opportunity,
After decades selling drinks to them, former Lion director Frank Arangio has slipped onto the other side of the bar, buying Wyong’s Royal Hotel for nearly $7 million. Continuing the flow of sales of NSW coastal hotels, Arangio bought the Royal at Wyong alongside wife Marney, and in partnership with industry stalwart, publican Pat Gurr
Irish pub king Patrick Gallagher has bought his biggest pub yet – paying $28 million for the Terrigal Hotel and a ‘return to his youth’. Gallagher describes the area around his latest purchase as ‘special’ and recalls family visits “just about every weekend” when he was young(er), but the sale still exemplifies that opportunity waits
The six-week all-star campaign for the Marlborough Hotel has culminated with Bruce Solomon and celebrity chef partner Matt Moran taking the keys for $33 million. John Singleton, Geoff Dixon and Mark Carnegie’s $300m Australian Pub Fund (APF) began offering its Riversdale assets to the stock-starved pub market last November with rumours the large-format Marlborough, popularly
SOLOTEL WINS ON RIVERSDALE’S MARLBOROUGH SUPER-PUB Read More »
As development fever continues to grip Victoria, the landmark Beach Hotel site, with supermarket, has sold to a Chinese investor for around $18 million. Famed for its vibrant atmosphere and views of Port Phillip Bay, the Beach Hotel overlooks Albert Park Beach, and features bars and dining rooms, function rooms, bistro, gaming room with 32
St Kilda’s famous Hotel Barkly has been sold – for the second time in six months – to new publicans, the owners of the backpacker business upstairs. The popular Hotel Barkly came to market mid-2016, with long-standing operator Simon Lennox offering up the trendy pub with multiple bars, as well as 11 boutique hotel rooms
HOTEL BARKLY SOLD – FOR SECOND TIME IN SIX MONTHS Read More »
The prominent Royal Coach Hotel has been strategically bought by Prince Alfred College, banking a long-term development opportunity. Vendors Hospitality Investments P/L and McCracken Kent Town P/L have divested the three-storey city-fringe Hotel, which features a bar, the Terrace Restaurant, conference and function facilities, 49 guest rooms offering 24-hour room service, an indoor swimming pool
Hickey and Negas have sold their Grosvenor Hotel in Waterloo for north of $5 million to some industry newcomers looking to get in on the action of Sydney’s thriving inner-west pub scene. Former CCA executive Denis Hickey and businessman Warwick Negus bought the corner pub from Riversdale in 2010, and passively listed it last year
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