The looming presence of the partnership between Moelis & Co and hotelier Nelson Meers has stepped into the light, with the entity disclosing a play at the prized Redcape portfolio. Purchased in a fire-sale situation by New York hedge funds Goldman Sachs, York Capital and Värde Partners following the GFC, Redcape Hotel Group (RHG) currently […]
Popular Melbourne franchise pub Bridie O’Reilly’s has sold to a local developer in a prime location example of opportunity sales taking place in the capital cities. Freehold owner John Connellan developed the business for the Bridie O’Reilly’s group nearly two decades ago, and recently put the property to market with development approval for a residential
DEVELOPER “HUNGER” DRIVES BIG PRICE FOR BRIDIE’S Read More »
Prominent hotelier Ben May has bought a Paddington ‘hotel’, in which he and wife Lucy will live. The heritage-façade Windsor Castle Hotel, on Windsor Street, has been sold by Rita and Peter Polovin, following an extended project to turn the historic building into one of the Eastern Suburbs’ most prized residential assets. Speaking exclusively with
Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney. Built in 1872, the Exchange is one of the oldest pubs in the area and a popular stop for tourists, with 16 accommodation rooms and 15 EGMs, under two hours’
A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought the hotel in Long Jetty for an undisclosed amount. Agents Manenti Quinlan and Knight Frank
Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of one of the original gastro pub concepts, Damien Pignolet’s Bistro Moncur – has sold for
WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON Read More »
The ASX-listed Abacus Property Group has divested an underperforming NSW South Coast asset, as opportunities continue to flow from China. The Mariners Waterfront Hotel is located on 5393 m² of prime frontage onto Bateman’s Bay, with development opportunity and favourable business zoning. As well as 40 motel rooms overlooking the water, it possesses 12 gaming
The $18.5 million sale of the Bounce Backpackers hotel continue the run of offshore investment dollars that have seen Australia rank second in the Asia-Pacific region for hotel transactions. The five-star hotel is located opposite Sydney’s Central Station, with a tavern at street level and 190 beds, a kitchen and a rooftop terrace over five
Continuing the trend of prime-tenanted freehold investment sales, one of Coles’ Spirit Hotels big trading pub and bottle shops is up for grabs. Located on the Pacific Highway between Gosford and Newcastle, the Northlakes Tavern was built by Coles on the site of the old Charmhaven Hotel, and occupies 7300 sqm adjacent to the thriving
COLES PRIME FREEHOLD GOES TO MARKET IN NSW CENTRAL COAST Read More »
Owners of the uber-successful and crafty Dove & Olive and Keg & Brew have snapped up a Randwick landmark to add to the award-winning portfolio. The burgeoning Good Beer Company (GBC) has bought Newhaven Hotels’ Duke of Gloucester, with plans to “extend” what it already does well. Speaking to PubTIC, GBC owner John Azar says
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