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 […]
PJ Gallaghers Leichhardt has sold between well-known publicans, as national assets and values see more businesses heading to the pub. The partnership of Patrick Gallagher and John Daly that resulted in a prominent corner pub becoming PJ’s Leichhardt, has divested the property for around $14.5 million. The buyer is long-time hotelier Peter Walker, cashed up
PJs LEICHHARDT SOLD FOR $14.5m TO NEW OLD PUBLICAN Read More »
A new pub syndicate led by well-known hotelier Peter Ashelford and Sydney Roosters chairman Nick Politis has snapped up the Thomas’ Treetops Tavern on the Gold Coast for $20 million. The Treetops occupies a prominent 7,000 m² site in the Gold Coast’s Burleigh Waters, consisting of a public bar, lounge bar, bistro, 45 gaming authorities,
NEW SYNDICATE GRABS THOMAS’ TREETOPS PUB FOR $20m Read More »
The Coles-tenanted Redcliffe Tavern and adjoining 1st Choice freehold has sold to a private investor for $15 million. The 2,498 m² site, with frontage to both John Street and Anzac Avenue, Redcliffe, contains the freestanding tavern and big-box retail liquor outlet, both on long leases plus options to Coles subsidiaries. It was sold off-market through
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC he’s “over the moon” about the Calligeros clan taking on his beloved Trinity. “It’s been
Following “stringent investment criteria” a syndicate has purchased the newly-tenanted and renamed The Local Hotel freehold for $2.5 million. As pubs around the country continue to benefit from upmarket investors, Scope Property Group has seen its way into a South Fremantle pub asset newly re-positioned by local proprietors Phil Thompson and Ross Macpherson. The pub
ASX-listed Lantern Hotel Group is forging ahead with its turnaround, announcing the sale of further assets, particularly the landmark Bowral Hotel for $6.35 million. Following a shareholder vote to oust the existing Lantern (LTN) board mid-2015, the newly-appointed Chairman John Murphy and CEO John Osborne have led an orchestrated plan to reverse the company’s flagging
LANTERN BOASTS MORE PREMIUM PUB SALES AMID TURN-AROUND Read More »
Dixon Hospitality has swooped on another pub group, signing a $31 million deal to acquire the Beer DeLuxe portfolio in NSW, Victoria and Queensland. Armada Hospitality was formed in 2012 by Craig Shearer and Jason Sheather, specialising in “management service solutions” for the hospitality industry. It went on to create its own brand, Beer DeLuxe,
The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up the portfolio and listed the pub following his purchase last year of the Unanderra Hotel
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. The heritage-listed Federation style building sits quietly on the corner of Harris and John Streets in Pyrmont, and was built in the early 1900s. It was originally named The Cooper’s Arms Inn, but
NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL Read More »
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