Property

BIG LIDCOMBE HOTEL SALE SETS TONE FOR ANOTHER BIG YEAR

Posted on January 18th, 2017 by Clyde Mooney
The sale of a top-50 gaming pub has kick-started what is expected to be another big year in Australian pub real estate. The freehold of the Lidcombe Hotel was purchased by Marcus Levy’s Marvan Hotels eight years ago from Hedley

LEWIS HOTELS INTO LALOR PARK FOR CHRISTMAS

Posted on December 21st, 2016 by Clyde Mooney
Another big Sydney pub with oodles of potential has changed hands, with John Lewis adding to his western suburbs stable with the Lalor Park Hotel. The large suburban pub occupies 3,048 m² on busy Sackville Street, minutes from Blacktown CBD

BAM WINS BATTLE FOR FEROS’ LONE PINE

Posted on December 19th, 2016 by Clyde Mooney
Following intense negotiations, Chris Feros has sold his monolithic Lone Pine Hotel to Bondi Asset Management for $26 million. Feros listed the landmark Rooty Hill Hotel in July, relaying that the time was now right to pass the reins on

BROTHERS TEMPTED OUT OF THEIR BELOVED THE GRAHAM

Posted on December 19th, 2016 by Clyde Mooney
The Giannakis brothers are parting with their beloved The Graham after 15 years and an offer they couldn’t refuse. Tony and Peter Giannakis were fine-dining restauranteurs until they purchased the Graham Hotel back in 2001. The twins built strong foundations

STEVENS FAMILY PART WITH THE PRINCE

Posted on December 16th, 2016 by Clyde Mooney
The Stevens family have been tempted into the sale of their highly popular The Prince, with a local publican beating out the Sydney competition. Allan Stevens has been a staple of the pub industry for decades, accumulating a portfolio spread

HAPPY ENDING FOR PELATHON IN CASE OF COURTHOUSE

Posted on December 14th, 2016 by Clyde Mooney
A “positive outcome for all” has been achieved with Cairns Council announcing the purchase of Pelathon’s Courthouse Hotel – just bought from Lantern Hotel Group. Lantern listed the Hotel for sale back in June, executing an Expressions of Interest campaign

TSEKOS SNAGS ALH’S IRON HORSE FOR $15m

Posted on December 12th, 2016 by Clyde Mooney
Leo Tsekos has won the title to ALH’s Iron Horse Hotel with a cheeky last bid at the auction for the blue-chip investment property in the heart of Newcastle. A strong crowd gathered for Burgess Rawson’s final commercial auction of

SOLOTEL SECURES KEYSTONE’S CHOPHOUSE

Posted on December 9th, 2016 by Clyde Mooney
The unlocking of Keystone value continues with Solotel securing the fallen Group’s deed to Sydney’s Chophouse restaurant. Award-winning hospitality group Solotel teamed up with celebrity chef Matt Moran earlier this year, bringing the five MorSol venues into its fold. The

BIGGEST BONUS YET FOR LANTERN’S WATERWORKS

Posted on December 7th, 2016 by Clyde Mooney
It’s a Merry Christmas come early for Lantern shareholders, as the latest sale snags the biggest premium to date. The ASX-listed Lantern Hotel Group (LTN) has all but sold off its collection of Australian hotel interests, following a decision to