Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning the 1880s pub, dubbed all about the “Heritage and Hospitality”. Located on the Belgrave Street […]
The perfect storm is driving coastal and regional popularity and sharpening yields, and pubs in growth areas have never been more in vogue. Hotel Cessnock is the latest in a trail of assets scooped up by strong operators and prudent investors. The prominent two-storey brick pub enjoys the full complement of amenities, including bistro and
The Bay-side suburb of Mentone will be welcoming new owners to its only pub – the Corner Store – as the Joneses look to keep up with the potential. Mentone is around 20 kilometres south of the Melbourne CBD, and like many suburbs bordering Port Phillip Bay is growing in popularity, population and facility. The
Old mates Marty Short and Sean O’Hara have signed for the Toormina Hotel in Coffs Harbour as coastal pubs keep surfacing in a hot market. Toormina, a southern suburb of mid north coast hub Coffs Harbour, borders seaside playground Sawtell. The Hotel is within the thriving Toormina Shopping Centre, boasting anchor tenants Woolworths, Coles and
After more than a year of outrage, inner-west residents are celebrating the news Merivale has bought and will reopen the landmark Alexandria Hotel. Development company Centennial Property Group purchased the hotel a couple of years ago, and in the first half of 2015 lodged an application to demolish the popular local to make way for
HEMMES RESCUES ALEXANDRIA HOTEL IN ‘SPUR OF THE MOMENT’ Read More »
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
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