The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip Charters, entered the pub game just last year with his purchase of the Wayside Inn. Since that time he has strategically grown the operation through key […]
Melbourne has seen two more hotel freeholds sell as investments ‘with potential’ as development prospects continue to be weighed against hospitality businesses. The deeds to the Hawthorn Hotel and South Melbourne’s Palmerston Hotel have sold to entities interested in exploring options for the commercial sites that may not include the existing pubs. Swinburne University
TWO MORE MELBOURNE PUBS SELL AS INVESTORS EYE VALUE Read More »
Patrick Gallagher has snapped up Hurstville’s Tiger Bar in a play to round out his growing Sydney-wide portfolio. The king of the Irish bars has purchased the southern Sydney favourite for a reported $28 million from a syndicate that included the Nasser family. Gallagher told PubTIC the Asian-themed pub, with its popular Korean restaurant, would
Making the most of Kings Cross’ reluctant transformation to residential, cashed-up Iris Capital Group has acquired three adjacent blocks on Darlinghurst Road. It has been revealed Sam Arnaout’s Iris Group has completed the purchase of the Empire Hotel – adjacent to its recently acquired backpacker lodge – adjacent to The Bourbon, which it purchased from
Just a month after being closed by OLGR, Erskineville’s Imperial Hotel has sold to industry stalwarts Fraser Short and AHA NSW President Scott Leach. The ‘Spicey’ former operators of the famous LGBTI-community venue operated the leasehold business for just three months before a string of breaches and two closure orders forced their removal. Facing a
The burgeoning Dixon Hospitality Group (DHG) has swooped on two more Melbourne pubs as it continues to optimise its portfolio. The Middle Park Hotel is just a couple of kilometres due south of Melbourne’s CBD, and the Newmarket Hotel is in adjacent St Kilda, both on Port Phillip Bay. Speaking to PubTIC, DHG director Mike
Yet another of the State’s top gaming pubs has sold in another show of force for the pub and gaming industries. John Feros’ JDA Hotels has grabbed Mascot’s Tennyson Hotel for around $27 million as the national pub market continues to sizzle. Listed in OLGR’s most recent report as #94 gaming pub in NSW, the
The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced the sale of the Warwick Farm former top-100 gaming pub for $24 million to a
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a top performer in Sydney’s gaming heartland – situated on the border of Fairfield and Liverpool.
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent a $4 million renovation, adding a rooftop bar overlooking the Sydney skyline and a refreshed
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