As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a designated growth area slated to see 33,000 new homes in coming years. Lantern’s (LTN) announced […]
Listed Lantern Group’s final countdown has begun, with news of the premium sale of Uncle Buck’s Hotel to the family-operated De Angelis Group. The ASX-announcement by Lantern (LTN) said the sale price of $25.3 million represented a 30.5 per cent premium to the 30 June book value. Uncle Buck’s in Mount Druitt fits neatly into
DE ANGELIS WELCOMES LANTERN’S UNCLE BUCKS PREMIUM PUB Read More »
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially starved of top-ranking gaming pubs. Located on Botany Rd, a stone’s throw from Sydney’s Mascot
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The Keystone Group (TKSG), which fell into receivership in June after falling foul of debt covenants
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Lane Cove stalwart Graham Campion has emerged as the big-ticket buyer of Lantern’s Commodore Hotel, picking up his coveted second pub for a cool $14.5m. Listed pub group Lantern (ASX: LTN) put the McMahon’s Point beauty up for grabs last month. The 150-year-old Commodore was the last of the shrinking company’s ‘non-core’ hotels, and thus
Amid massive local development, Cairns’ Grand Hotel has hit the market, the Courthouse is being courted by Council, and a new team sign for the Cape York. Occupying 2,035 m² on a prominent corner in the heart of town, the Grand Hotel boasts the popular Croc Bar – a distinctive timber crocodile-shaped bar top and
The famous Hotel Barkly has sold to husband and wife operators Dragon’s Door P/L and will continue its key role in St Kilda’s renaissance. The 1853-built Hotel Barkly has become known as a stalwart in Melbourne’s pub scene under previous owner Simon Lennox, frequented by celebrities and sports stars, particularly to the hugely popular Sunday
Lantern has taken the money and run, “meeting the market” for the deeds on its Bundaberg freehold to complete the exit from Queensland. In June, ASX-listed Lantern (LTN) listed the freehold going concern of the Central Hotel, Bundaberg, in a collaboration with the tenant, owner of the leasehold. LTN has been selling down assets around
LANTERN TAKE ‘BEST OFFER’ FOR CENTRAL QUEENSLAND PUB Read More »
Bruce Solomon’s Solotel has achieved its second big-ticket sale and lease-back, settling on a bid of $60 million for the land holding of its Albion Hotel in Parramatta. The generous 3,135 m² block on the corner of George and Harris Streets overlooks the Parramatta River and Queen’s Wharf Reserve, and is zoned B4 mixed use.
The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW Central Coast aquatic playground Lake Macquarie, around half an hour’s drive south of Newcastle. It
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