Property

FEROS TO ROLL AUCTION DICE WITH PRIMED TENNYSON

Posted on November 4th, 2016 by Clyde Mooney
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially

DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE

Posted on November 2nd, 2016 by Clyde Mooney
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

CAMPION WINS RACE TO LANTERN’S COMMODORE

Posted on October 19th, 2016 by Clyde Mooney
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

GOING, GOING? GONE: CAIRNS PUBS COGNIZANCE

Posted on October 17th, 2016 by Clyde Mooney
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

USHERS MOVE INTO ST KILDA PUB CELEBRITY

Posted on October 12th, 2016 by Clyde Mooney
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. [caption id="attachment_7537" align="alignright" width="312"] Mick Malloy and friends at the Hotel Barkly[/caption] The 1853-built Hotel Barkly

LANTERN TAKE ‘BEST OFFER’ FOR CENTRAL QUEENSLAND PUB

Posted on September 30th, 2016 by Clyde Mooney
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

SOLOTEL GETS $60m FOR ALBION HOTEL LANDMARK

Posted on September 28th, 2016 by Clyde Mooney
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

LAUNDY ADDS TO COAST COLLECTION WITH SWANSEA

Posted on September 26th, 2016 by Clyde Mooney
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

FOOTY LEGEND TO TAKE OVER CREMORNE HOTEL

Posted on September 23rd, 2016 by Clyde Mooney
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

COLES LANDLORD HPI SELLS

Posted on September 21st, 2016 by Clyde Mooney
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