Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay, with anticipated collective sale price of more than $50 million. It’s understood it is looking […]
An up-and-coming developer has bought Sydney’s famous The Republic, prompting speculation the pub may see redevelopment. The trophy hotel has reportedly sold for around $40 million to diversified property group Virtical, which it’s said is seeking to capitalise on its strong underlying attributes, including its CBD core location. Led by MD Mark Toma, Virtical described
Matt Coleman and co have furthered the stable of strong regional operations with purchase of Hotel Cessnock, in the Hunter Valley. Built 1908, the pub is a grand country hotel in a prominent central site in Cessnock, close to the famed vineyards of the Hunter’s wine country. The large-format pub provides a public bar with
Funds manager CEO Byram Johnston has continued his move into the pub sector, with JBHG picking up its third in central west NSW in less than a year. Byram and Deborah Johnston have owned and run a farm in the area for nearly a decade, and mid-2022 purchased their first pub, the Tarana Hotel, establishing
A Melbourne syndicate has sold its Gracemere Tavern in central Queensland to an expanding NSW-based operator. Stephen Beaumont’s Cook Beaumont and Partners listed the under-management freehold going concern hotel in Rockhampton in the first half of 2022, looking to streamline operations and seeing it as an outlier in the portfolio. Established 1885, set on 3,970sqm
A new generation Ryan has stepped up to become the new owner of Topikos – one of the very few pubs on the world-famous Bondi Beach strip. Point Group – the former Icebergs Group – holds well-known operations around Sydney, such as the Dolphin and Hotel Harry in Surry Hills and the new Shell House
Kelly & Co Hotels has exited Scone, selling the Belmore Hotel to the same growing Hunter Valley group that recently bought the nearby Royal Hotel. The Belmore is an impressive suburban local, with sandstone exterior and original pressed tin ceilings. It has a large beer garden, gaming room with eight machines, nine accommodation rooms and
Ben May and TMG Developments have sold the landmark Manly Wharf and Hotel to the owners of Brisbane’s Howard Smith Wharves. The recognised international landmark was one of the first purchases for TMG Developments, led by Robert Magid, who picked up the freehold property through receivers. Manly Wharf was built in 1855, as the northern
Prime Melbourne watering hole the Toorak Hotel is in new hands, as family operators Doolan Hotels step up the collection. Established in 1854, the imposing and ornate building has been known as the Bush Inn and Hawksburn Hotel and back again, before taking a local name at its high-profile corner in the blue ribbon inner
Greg Maitland has furthered his portfolio sell-down with divestment of the long-standing Republic Hotel in the heart of Norwood. Set on a commanding 3,327sqm corner site, the multi-award-winning Republic is a two-storey Victorian stone building offering sports bar, large restaurant and private dining rooms, gaming room with 32 machines and dedicated bar, multiple function rooms,
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