Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54 freeholds tenanted by the Woolworths-backed ALH, another $200 million was recently raised for LWIP 2 […]
The O’Hara family have parted with their Nags Head Hotel – selling with “mixed feelings” to high-flyer Geoff Dixon. After 15 years that have seen mum the licensee, all seven kids working within, and both Dan and his brother having met their wives at the pub, the O’Hara family has worked hard to keep the
The Bayfield family has swooped on Paddington’s Light Brigade to launch “a new chapter” in their already long pub history. After eight years at the helm outgoing owner Dean Haritos has divested the freehold going concern citing other interests, in a deal sources say was worth around $9 million. For the incoming, it represents the
After three decades, the Woodward family has parted with their “Green Roof” hotel. Located in the west Newcastle suburb of Hamilton, Woodey’s Hamilton “Green Roof” Hotel has sold at auction for around $3.6 million to local operator Russell Richardson. Built by Tooth and Co in 1936, the popular local haunt is the (self-confessed) “best country
FAMILY-RUN REGIONAL PUB SELLS IN ‘SPIRITED’ AUCTION Read More »
Thomas Hotels has swooped on Ben May’s Central Tavern, bringing the Surry Hills pub into its local portfolio. George Thomas’ group already operates the Madison and GT’s Hotel on Devonshire Street, and has bought the Central across the road for around $10 million. Located just outside the infamous ‘lockout zone’, just 50m from one of
The baton has passed on a southern Sydney landmark pub, as its builders and six-decade operators “end an era”. The Durkin family built the Jannali Inn in 1958, and have run it ever since. The building includes retail space and development potential on a generous block. It has been bought by JDA Hotels’ John Feros
A well-backed up-and-comer has grabbed Feros’ Panania Hotel in a hot market deal worth nearly $15 million. Following a sustained effort to find a complementary venue for his Top 5 gaming pub, the Railway Hotel in Lidcombe, Mark Malloy has picked up the Panania Hotel in the final hours of its EOI campaign. Speaking to
The Laundys have flashed the cash, tempting Medich into the sale of two more ‘big deal’ pubs. In a transaction worth nearly $35 million, the Medich family’s Halcyon Hotel Group has parted with two more jewels from its rapidly shrinking crown, following last month’s surprise divestment. The freehold of the iconic and ALH-tenanted Woolloomooloo Bay
Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. Earlier this year Iris lodged plans with the City of Sydney for an overhaul of the 19-storey Kings Cross tower it bought in 2012 for $65 million, into a mecca of luxury apartments worth $300 million. But before
IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m Read More »
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s previous sales of the Plantation Hotel and Moonee Beach Tavern to represent a strategic exit
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