The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected to pique investors, developers and hoteliers looking for the next big thing. The Tavern and […]
In what could be record short time on the market, Dean Haritos has signed over the deeds to his booming Verandah Hotel to an unnamed “well-known Sydney hotelier”. The price was reported to be “comfortably in excess” of the $9 million price expectation suggested at the campaign launch – just last week. Haritos manages numerous
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John Singleton, Geoff Dixon and Mark Carnegie with a $300m kitty looking to find returns in
Another Sydney hotelier has bought big in Brisbane, with Joe Irvin picking up the “trophy asset” Homestead Tavern for $15.6 million. The ongoing shortage of opportunities in Sydney and Melbourne is driving more publicans up the coast, finding value in the similarly booming yet comparatively well-priced south-east Queensland market. Paul Irvin Hotels, led by successor
IRVIN HOTELS BUYS HOMESTEAD TAVERN AS SPANKIE EXITS Read More »
One of Sydney’s most popular craft beer haunts has been sold by the purveyors of Good Beer. The Good Beer Company has operated sister venues the Dove & Olive and the Keg & Brew, both in Surry Hills, for the past several years, developing them into the quintessential beer meccas. In September 2015, Good Beer
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of 16 assets that began as a debt rescue mission in late 2015, and gaining momentum
One of Brisbane’s historic and best-loved pubs is in new hands, with Nick and Meagan Gregorski set to reopen the renovated Port Office pub tomorrow. Fourth generation publican Nick Gregorski recently revived The Alliance Hotel in Spring Hill, winning praise and business for the gastro-pub reinvention. It was this performance that led CBRE Hotels’ Paul
PRIZED NEW OPERATOR FOR HISTORIC PORT OFFICE HOTEL Read More »
Preceding its final sale campaign announcement, Lantern has revealed divestment of the last asset in its portfolio, Sydenham’s General Gordon Hotel, for a super-premium $18.1 million. The General has bypassed a public sale process and been bought by an unnamed Sydney publican, in conjunction with property operation White & Partners. The listed Lantern Hotel Group’s
The Junction Club pub has been sold by one Victorian racing club to another, heralding wins for hospitality in the north Melbourne precinct. The Victorian Harness Racing Club, headquartered in Melton, has divested the Junction and its 80 EGMs to the Moonee Valley Racing Club, operator of the Cox Plate, with its “significant plans” for
Sydney hotelier Brendan Lawless is following the money, purchasing Tweed Heads beauty the Ivory Tavern – with options. Lawless Hotels is expanding on its NSW north coast operations with the Ivory, having bought Mullumbimby’s Middle Pub in 2013 from Redcape, just 50 kilometres south. Idyllically positioned beside and over the magnificent Tweed River, which reaches
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