The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The Keystone Group (TKSG), which fell into receivership in June after falling foul of debt covenants […]
DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE Read More »
Lane Cove stalwart Graham Campion has emerged as the big-ticket buyer of Lantern’s Commodore Hotel, picking up his coveted second pub for a cool $14.5m. Listed pub group Lantern (ASX: LTN) put the McMahon’s Point beauty up for grabs last month. The 150-year-old Commodore was the last of the shrinking company’s ‘non-core’ hotels, and thus
Amid massive local development, Cairns’ Grand Hotel has hit the market, the Courthouse is being courted by Council, and a new team sign for the Cape York. Occupying 2,035 m² on a prominent corner in the heart of town, the Grand Hotel boasts the popular Croc Bar – a distinctive timber crocodile-shaped bar top and
The famous Hotel Barkly has sold to husband and wife operators Dragon’s Door P/L and will continue its key role in St Kilda’s renaissance. The 1853-built Hotel Barkly has become known as a stalwart in Melbourne’s pub scene under previous owner Simon Lennox, frequented by celebrities and sports stars, particularly to the hugely popular Sunday
Lantern has taken the money and run, “meeting the market” for the deeds on its Bundaberg freehold to complete the exit from Queensland. In June, ASX-listed Lantern (LTN) listed the freehold going concern of the Central Hotel, Bundaberg, in a collaboration with the tenant, owner of the leasehold. LTN has been selling down assets around
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Bruce Solomon’s Solotel has achieved its second big-ticket sale and lease-back, settling on a bid of $60 million for the land holding of its Albion Hotel in Parramatta. The generous 3,135 m² block on the corner of George and Harris Streets overlooks the Parramatta River and Queen’s Wharf Reserve, and is zoned B4 mixed use.
The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW Central Coast aquatic playground Lake Macquarie, around half an hour’s drive south of Newcastle. It
Geelong star Billy Brownless has bought the Cremorne Hotel in his old team’s heartland from long-time owner Grant Ryan. Located at 336 Pakington St, Newtown, the Cremorne boasts a large bar, beer garden, TAB and Keno, lounge and function areas and thriving food operation. It has been operated for the past 14 years by Grant
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual rental increases around four per cent. Located just outside the Adelaide CBD, the 7,887 m²
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford Street scene, and former Top-100 gaming venue, with 30 EGMs including 15 valuable permits. The
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