Riverina landmark Romano’s at Wagga Wagga has transacted following rekindled negotiations with previous suitors. Long-time operator John Hussey determined to test the market for a sale mid-2015 and again in 2016 through Chris Tinning & Co. While a purchase price was not agreed, a number of interested parties did emerge. Alan Hayes of Hayes Advisory […]
A new partnership between the O’Haras and Mark Malloy has brought about the big-ticket acquisition of the Bradford Hotel in the booming district of Maitland. The two families enjoy a long connection centred around rugby and St Joseph’s College (Joeys), where they attended alongside pub industry stalwarts such as the Laundys. Although they have not
O’HARA & MALLOY TEAM UP FOR “THUMPING” MAITLAND PUB Read More »
The down-sizing ASX-listed Lantern Hotel Group has offloaded yet another pub, settling this week on the sale of Mudgee’s Lawson Park Hotel. Lantern (LTN) announced its intention to sell non-core assets and rebuild the company structure in November, 2015. Since then it has divested a parcel of land in New Zealand and seven hotels, including
Steve Hunt has furthered his pub fund portfolio with the acquisition of the thriving Duke of Wellington in outer Newcastle for around $8.5 million. The Hunt family’s Hunt Hospitality operates a number of successful Newcastle region pubs, such as the CBD and Kent Hotels. Patriarch Steve Hunt has leveraged his operation with part ownership and
Pelathon has continued its big plans for expansion, paying $6.25 million for Lantern’s Courthouse Hotel as it completes its exit from the Sunshine State. The Cairns’ Courthouse Hotel is an “institution” in north Queensland. It was the official Court building until 1998, constructed in 1922 as part of a scheme to create employment for returning
Steven Speed and Peter Walker have snapped up Oscars Hotels’ Camperdown pub as the market spurs “opportunities” for leaseholds and specialist operators. Speed and Walker’s WDS Group already operates the Bellevue Hotel, where it has just completed an upstairs refurb, and “Sydney’s Oldest Pub” the Fortune of War, in The Rocks. The Fortune has just
SPEED AND WALKER TO GET ‘HANDS-ON’ WITH OSCARS’ CAMPERDOWN HOTEL Read More »
Colonial Leisure Group (CLG) has jumped into another State, bringing Brisbane’s big-trading Fox Hotel into its premium portfolio. Continuing the expansion plans that saw it quietly acquire Keystone’s Newtown Hotel in February, CLG has bought its first Queensland pub – the long-term leasehold of the sprawling Fox, in the South Bank foodie precinct, Fish Lane,
COLONIAL MOVES INTO ANOTHER STATE WITH PURCHASE OF THE FOX Read More »
The acquisitive Pelathon Pub Group has swooped on a Lake Macquarie local as it eyes new candidates for its proven turn-around management. Pelathon (PPG) is a partnership between the ASX-listed BlackWall Property Funds and long-time operator Jaz Mooney. In April of this year it announced intentions to take the re-structured pub group “to the next
After weeks of speculation, Ray Reilly has revealed his successful purchase of the Sydney Park Hotel, and says first and foremost it will “remain a pub”. Reilly is the owner-operator of inner-west mecca The Henson, in nearby Marrickville, and recently sold his beloved Trinity Bar in Surry Hills, citing the need for a new “passion”.
Lantern’s divestment and turnaround marches on, with Sydney-based hotelier Andrew Lazarus snapping up the Beaumont Exchange for a tidy sum. Located in one of the best regions of NSW’s second-largest city, Newcastle, the Exchange is a diverse business with significant opportunities for upside. “It represents great value,” Lazarus told PubTIC of the $6.625 million sale
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