The sale of one of Sydney’s top gaming pubs for $40 million represents more smart money entering the market. A collaboration between Nelson Meers and investment bank Moelis & Co saw the purchase last year of Rockdale’s Grand Hotel for over $24 million, and now the Oasis on Beamish, in Campsie. Meers has a history […]
GAMING GOLD ‘THE OASIS’ SOLD AS BIG MONEY FLOWS INTO THIRSTY MARKET Read More »
A dynamic new hotel group has snapped up the suburban giant Vincent Hotel, amid plans for further strategic expansion. Emanating from the successful Port Phillip Charters cruise business, Dixon Hospitality Group (DHG) has bought four pubs in a little over a year, with an eye to synergies across assorted hospitality interests. Speaking with PubTIC, director
A Brisbane hotel family takes the keys for the Southside’s Rocklea Hotel today as opportunity continues to shift in the State’s pub assets. The popular corner pub on Ipswich Rd joins a flurry of venues in Queensland being bought or offered for sale, as the vestiges of tough times appear to finally be forgotten by
The freehold of Paddington’s iconic Grand National Hotel has sold, as investor appetites broaden. Tenanted by Lance Burrowes’ LJB Hotels on a long-term lease, the “Nash” Hotel is in fact one of the largest single land holdings in the highly desirable suburb. Upper Oxford Street has been undergoing something of a transformation from retail strip
Former AFL star Corey McKernan has sold his Melbourne pub as other business interests grow. The Prince Alfred Hotel in Port Melbourne was built in the late 1800s and is described as “a beautiful, character-filled property”. “We had some really great times at the Prince Alfred,” said McKernan. “Although part of me is sad to
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858 corner pub has drawn a lot of public interest and hammer-time drew well over 200
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age 22. In 1988 he was awarded Life Membership. He was selected for the NSW Blues
‘No Pokies’ pub baron Chris Morris is expanding his massive plans the reinvigoration of tourism in northern Queensland. Following his $6.25 million purchase of the Orpheus Island resort in 2011 and subsequent $70 million purchase of the Townsville casino last year, the founder of Computershare and owner of Colonial Leisure Group is expected to announce
COLONIAL LEISURE GROUP BOSS TRANSFORMING TOP-END Read More »
After months of negotiation, Paul Irvin Hotels has sold to a hungry residential developer in a deal worth $50 million. The freehold going concern divestment of the Bull & Bush Hotel is one of the biggest pub sales in years, with Dyldam Developments tempting the long-standing hotel group into parting with the Baulkham Hills landmark.
Independent Pub Group has completed its strategic exit from Queensland, selling the last of its hotels in that State to the up and coming Raw Group. The Commercial Hotel Nambour was the seventh and final asset sell-off for IPG, with the freehold going concern passing to Raw for $3.5 million. The divestment campaign included the
RAW GROUP GOES COMMERCIAL WITH PURCHASE OF IPG PUB Read More »
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