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
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
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