Property

LION LONG-TIMER BUYS INTO GAME AT ROYAL HOTEL

Posted on April 28th, 2017 by Clyde Mooney
After decades selling drinks to them, former Lion director Frank Arangio has slipped onto the other side of the bar, buying Wyong’s Royal Hotel for nearly $7 million. Continuing the flow of sales of NSW coastal hotels, Arangio bought the

GALLAGHER BUYS BIG-BONES TERRIGAL PUB FOR $28m

Posted on April 26th, 2017 by Clyde Mooney
Irish pub king Patrick Gallagher has bought his biggest pub yet – paying $28 million for the Terrigal Hotel and a ‘return to his youth’. Gallagher describes the area around his latest purchase as ‘special’ and recalls family visits “just

SOLOTEL WINS ON RIVERSDALE’S MARLBOROUGH SUPER-PUB

Posted on April 12th, 2017 by Clyde Mooney
The six-week all-star campaign for the Marlborough Hotel has culminated with Bruce Solomon and celebrity chef partner Matt Moran taking the keys for $33 million. John Singleton, Geoff Dixon and Mark Carnegie’s $300m Australian Pub Fund (APF) began offering its

INVESTOR BUYS BIG ALBERT PARK BEACH HOTEL

Posted on April 10th, 2017 by Clyde Mooney
As development fever continues to grip Victoria, the landmark Beach Hotel site, with supermarket, has sold to a Chinese investor for around $18 million. Famed for its vibrant atmosphere and views of Port Phillip Bay, the Beach Hotel overlooks Albert

HOTEL BARKLY SOLD – FOR SECOND TIME IN SIX MONTHS

Posted on April 3rd, 2017 by Clyde Mooney
St Kilda’s famous Hotel Barkly has been sold – for the second time in six months – to new publicans, the owners of the backpacker business upstairs. The popular Hotel Barkly came to market mid-2016, with long-standing operator Simon Lennox

ADELAIDE PRINCE PARKS ROYAL COACH HOTEL

Posted on March 24th, 2017 by Clyde Mooney
The prominent Royal Coach Hotel has been strategically bought by Prince Alfred College, banking a long-term development opportunity. Vendors Hospitality Investments P/L and McCracken Kent Town P/L have divested the three-storey city-fringe Hotel, which features a bar, the Terrace Restaurant,

NEW BLOOD INTO WATERLOO HOTEL

Posted on March 15th, 2017 by Clyde Mooney
Hickey and Negas have sold their Grosvenor Hotel in Waterloo for north of $5 million to some industry newcomers looking to get in on the action of Sydney’s thriving inner-west pub scene. Former CCA executive Denis Hickey and businessman Warwick

COLES’ BIG MANSFIELD TAVERN LISTED – AND SOLD

Posted on March 8th, 2017 by Clyde Mooney
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected

HARITOS’ VERANDAH SOLD IN RECORD TIME

Posted on March 1st, 2017 by Clyde Mooney
In what could be record short time on the market, Dean Haritos has signed over the deeds to his booming Verandah Hotel to an unnamed “well-known Sydney hotelier”. The price was reported to be “comfortably in excess” of the $9

WAUGH RETURNS, BUYING RIVERSDALE’S TOXTETH

Posted on February 24th, 2017 by Clyde Mooney
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John