Property

MOELIS AT LAST LANDS FLYING REDCAPE HOTEL PORTFOLIO

Posted on June 30th, 2017 by Clyde Mooney
A vehicle controlled by investment bank Moelis Australia has finally cemented purchase of the high-flying Redcape Hotel portfolio for $677 million. Ending around two years’ speculation as to the hotel group’s fate, including rumours of suitors such as a partnership

REDCAPE OFFLOAD LIVINGSTONE HOTEL TO OSCARS

Posted on June 28th, 2017 by Clyde Mooney
As Redcape’s destiny continues to be the subject of speculation, the Group has quietly sold one of its inner western Sydney pubs to the Gravanis brothers’ diverse and acquisitive Oscars Hotels. Located on the corner of New Canterbury and Livingstone

THIELE OPENS DOOR TO NEW PUB CO

Posted on June 26th, 2017 by Clyde Mooney
The team behind the Open Door Pub Co are back, with ambitious plans and the freehold acquisition of Hardiman’s Hotel in Kensington. Open Door Pub Co (ODPC) was the product of Michael Thiele and Craig Ellison, formed in 2004, furthering

HUGE GALLAGHER IRIS HUNTERS HILL TIGER PUB SALE BUY SWAP

Posted on June 23rd, 2017 by Clyde Mooney
Iris and Gallagher Hotels have furthered their history, speaking exclusively of selling each other the Hunters Hill Hotel and Tiger Bar in the biggest pub transaction in years, sources say tops $64 million. Sam Arnaout’s Iris Capital has been behind

REILLY BUYS THE GOODTIME WEST VILLAGE WHITE COCKATOO

Posted on June 19th, 2017 by Clyde Mooney
Aligning with the arrival of a new Paech, the Goodtime Hospitality boys have divested their West Village Hotel – aka the White Cockatoo – to inner-west publican prophet Ray Reilly. Forming in mid-2014, Locky Paech and James Bodel’s hotel business

BRIGHTON’S MARINE HOTEL SHARPENS YIELDS FURTHER

Posted on June 16th, 2017 by Clyde Mooney
Investment money keeps pouring into the pub sector, with the Marine Hotel Brighton setting another low yield benchmark in Victoria. The freehold interest of the Marine Hotel was sold early 2016 by automotive entrepreneur Bobby Zagame for $13 million, showing

FUTURE BRIGHT FOR PICTON’S SOGGY GEORGE IV

Posted on May 31st, 2017 by Clyde Mooney
Almost a year to the day since Mother Nature rose up and engulfed the historic George IV Inn, it has sold at auction to an industry newcomer swept by a passion to revive it for the locality. Built in 1835

NEW LOCAL OWNERS FOR LOCAL TAPHOUSE DARLO – POST-GABS

Posted on May 29th, 2017 by Clyde Mooney
As beer barons Guy Greenstone and Steve Jeffares sign off on another GABS, they also announce the passing of the baton at their beloved Local Taphouse Darlinghurst to the brothers Thorpe. Victorians Greenstone and Jeffares opened their northern instalment of

BALMAIN EXITS ERSKINEVILLE WITH SWANSON SALE

Posted on May 24th, 2017 by Clyde Mooney
Hot on the heels of the recent sale of Balmain’s Town Hall, and listing of North Sydney’s historic Greenwood, Balmain Pub Group announce the sale of its inner-west Swanson Hotel. Located on Swanson St, Erskineville, the former Kurrajong Hotel saw

RIVERSDALE’S KINSELAS – SALE WITH UNIVERSAL APPEAL

Posted on May 22nd, 2017 by Clyde Mooney
The Kospetas family’s Universal Hotels has secured Riversdale’s iconic Kinselas Hotel, stepping up its strategy around embedding modern hospitality in historic settings. Rumours the three-level landmark at Oxford Street’s Taylor Square was on the market began late last year, even