As the hotel sector continues to shine amongst investment options, Melbourne CBD commercial real estate is seeing unprecedented yields on strategic properties. Luxury car dealer Bobby Zagame has divested another A-grade freehold at a bustling auction last Thursday. The Marine Hotel in Brighton holds 50 gaming machines, and fetched $13 million at a sharp yield […]
The Kelly family’s plan to subdivide and sell off the rear of the Brookvale Hotel has resulted in a developer paying $15 million for the northern Sydney block. The Kelly’s own a number of hotels in Sydney, and several years ago sought and finally gained approval to split and develop a large section of the
Much lauded and super-fit hotelier Stephen Hunt has unveiled to PubTIC plans for his latest acquisition in one of NSW’s growth corridors. Located on a busy intersection of the New England Highway, on tourist route A43 out of Newcastle, the Rutherford Hotel is the third pub for family-run Hunt Hotels portfolio. Seizing the opportunity, owner
Colourful hotelier Ben May has partnered with his Manly Wharf landlord Robert Magid to buy iconic beachside property The Burleigh Pavilion. One of Australia’s only absolute beachfront premises, the Burleigh Heads building currently houses the Rick Shores bar-restaurant, Oskar’s Restaurant, and Nook Espresso Bar, and last year underwent a substantial facelift that updated the façade,
The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) – the high-value assets enjoy long leases to the Woolworths-backed blue-chip tenant, Australian Leisure & Hospitality
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It offers multiple bars and dining services, a gaming room with 21 EGMs and 199 four-star
PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE Read More »
The Laundy Group continues its growth into growth areas, buying yet another Central Coast hotel to fit into its “jigsaw”. The Settler’s Tavern is close to the West Gosford commercial hub, central to the town’s 13,000 business and 65,000 employees. Gosford itself is home to around 170,000 people. Previously owned by well-known former AHA President
LAUNDY BUYS SETTLER’S TAVERN ‘PIECE OF THE PUZZLE’ Read More »
Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs, acquired a Townsville Casino, and divested freeholds to focus on hospitality business opportunities. It currently
KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE Read More »
Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest. “Two down, 22 to go,” said the head of Balmain Pub Group, which now counts
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long Jetty, the Laundys have purchased the only hotel in Tea Gardens – the Tea Gardens
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