GOLD COAST LANDMARK PUB SELLS AMID ‘TRADING UPLIFT’

Gold Coast gold mine Melba’s on the Park has sold for a sunny $12.5 million to former Sydney publican Bob El’s Leda Holdings. Vendor George Fleming had owned the Gold Coast institution for several years, and executed a massive reinvigoration

MELBOURNE PUB FREEHOLDS SETTING NEW RECORDS

As the hotel sector continues to shine amongst investment options, Melbourne CBD commercial real estate is seeing unprecedented yields on strategic properties. Luxury car dealer Bobby Zagame has divested another A-grade freehold at a bustling auction last Thursday. The Marine

$15m FOR BROOKVALE HOTEL SELL-OFF

The Kelly family’s plan to subdivide and sell off the rear of the Brookvale Hotel has resulted in a developer paying $15 million for the northern Sydney block. The Kelly’s own a number of hotels in Sydney, and several years

HUNT HOTELS SNAGS OPPORTUNITY IN HUNTER

Much lauded and super-fit hotelier Stephen Hunt has unveiled to PubTIC plans for his latest acquisition in one of NSW’s growth corridors. Located on a busy intersection of the New England Highway, on tourist route A43 out of Newcastle, the

MAY BUYS BURLEIGH HEADS BEACHFRONT PAVILION

Colourful hotelier Ben May has partnered with his Manly Wharf landlord Robert Magid to buy iconic beachside property The Burleigh Pavilion. One of Australia’s only absolute beachfront premises, the Burleigh Heads building currently houses the Rick Shores bar-restaurant, Oskar’s Restaurant,

ZAGAME’S ALH PORTFOLIO BOUGHT FOR $75m

The Charter Hall and Hostplus alliance has struck again, snapping up Bobby Zagame’s portfolio of ALH freeholds for $75 million. Continuing the goal of the companys’ current vehicle – the second round of the Long WALE Investment Partnership (LWIP2) –

PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE

Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It

LAUNDY BUYS SETTLER’S TAVERN ‘PIECE OF THE PUZZLE’

The Laundy Group continues its growth into growth areas, buying yet another Central Coast hotel to fit into its “jigsaw”. The Settler’s Tavern is close to the West Gosford commercial hub, central to the town’s 13,000 business and 65,000 employees.

KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE

Chris Morris’ Colonial Leisure Group has made its much-anticipated entry into NSW, grabbing Keystone’s Newtown Hotel amid a “natural evolution” of the pub market. Reshuffling its portfolio in recent years, Colonial Leisure Group (CLG) has sold a number of pubs,

BALMAIN PUB GROUP BUYS BALMAIN’S TOWN HALL

Further staking its claim to being the Balmain Pub Group, Nick Wills’ company has bought Balmain’s Town Hall. Still mourning parting with his beloved Riverview Hotel, Wills told PubTIC the Town Hall Hotel fits perfectly with their plans for conquest.