Property

LAUNDY SELLS BIG BATEAU BAY

Posted on August 30th, 2017 by Clyde Mooney
Laundy group has capitalised on the market for coastal freehold properties, divesting the big-format Bateau Bay Hotel for circa $13m to a growing local operator. The Laundy Hotel Group purchased the Bateau Bay Hotel (BBH) in early 2015 for around

HOGES SYNDICATE GRABS QUEENS ARMS FOR $21m

Posted on August 28th, 2017 by Clyde Mooney
A syndicate of six investors including Paul Hogan has signed on to buy New Farm’s big Queens Arms Hotel for a reported $21 million. The syndicate is QAP Holdings, headed by Sydney publican Peter Ashelford and businessman Nick Politis –

HEINEKEN BUYS 1,900 PUBS

Posted on August 23rd, 2017 by Clyde Mooney
Brewing giant Heineken has been given the nod to secure nearly 1,900 British pubs from Punch Taverns. More than two years in the making, the monster deal will see more than 3,200 pubs in the Punch portfolio split between Heineken

HUNT SNAPS UP OCEAN VIEW WHILST ON HOLIDAY

Posted on August 18th, 2017 by Clyde Mooney
Well-known publican Stephen Hunt has bought the Ocean View Hotel in an impulse deal that saw him prepare and take over the pub in just three days. Heading to Coffs Harbour with his boys for a rugby carnival, Hunt got

THE LIBRARY SALE COLLECTS $4.6m

Posted on August 16th, 2017 by Clyde Mooney
Perth institution The Library has changed hands for the first time in 34 years, the freehold going concern fetching $4.6 million. Entertainment Enterprises have owned the two-storey freestanding venue in Northbridge since 1983, purchasing it as Hannibal’s nightclub. The group

MERIVALE GRABS COLLAROY ‘PAVILION’: HEMMES

Posted on August 14th, 2017 by Clyde Mooney
Justin Hemmes says Merivale has strengthened its northern beaches “destination” portfolio with the $21m purchase of Mitchell Waugh and PHMG’s The Collaroy. Speaking with PubTIC, Hemmes explained how The Collaroy feels like an opportunity he has had before. “I think

REDCAPE VESTIGES IN $24m ALL SEASONS SALE

Posted on August 11th, 2017 by Clyde Mooney
Redcape has completed the sale of its very large-format All Seasons Quality Hotel in Bendigo for around $24 million, completing a process begun before Moelis bought the balance of the portfolio in June. Occupying 3.56 hectares on McIvor Highway in

TAVERN COMPLEX FETCHES GOLD COAST PRICE

Posted on August 9th, 2017 by Clyde Mooney
As the Gold Coast gears up in anticipation of hosting the Commonwealth Games next April, the Merrimac Tavern freehold and complex has sold on a strong yield to a local investor. The lot at Merrilaine Cres, Merrimac, comprises the popular

PELATHON PARTS WITH OVERHAULED ORANA

Posted on August 2nd, 2017 by Clyde Mooney
After a top-to-bottom turnaround and just a year’s ownership, Pelathon has flipped its re-branded Orana Hotel in Lake Macquarie, ushering in new local veterans. Jaz Mooney’s Pelathon Pub Group (PPG) swooped on the receivership purchase of the flagging New Orana

BRAITHWAITE BOOLAROO PUB SALE A COMMERCIAL SUCCESS

Posted on July 31st, 2017 by Clyde Mooney
Following plenty of interest and multiple written offers, Peter and Emma Braithwaite are off to tour the sub-continent as they pass the mantle of their beloved Commercial Hotel to industry newcomers. The Braithwaites listed their big corner pub in Boolaroo