Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. “It is with a heavy heart that we made the decision to put the hotel on the market,” Cheung lamented to PubTIC. “We were challenged with our master plan for The Bourbon due to […]
EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’ Read More »
With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. Very close to Newtown station on Enmore Road, the Hotel is the first inner-west venue for the leading pub group, which has been aggressively expanding its portfolio and offerings in
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe it is in the interest of all our shareholders to sell at this time and
Independent Pub Group has passed the reigns of another Brisbane pub, this time to the nephew of the 80s little battler Bernie Power of Power Brewing. James Power has reportedly picked up the historic Norman Hotel for just under $7 million as the South Australia-based Independent Pub Group (IPG) nears completion of its strategic exit
BRISBANE’S “WORST VEGETARIAN PUB” SOLD TO BREWING FAMILY Read More »
A Tea Gardens hotel has changed hands after 68 years of family ownership. Manenti Quinlan reported the historic sale of the Tea Gardens Hotel Motel yesterday after a campaign involving potential buyers from around the country. Director Gerry Quinlan told PubTIC the buyer was “a well-known Sydney hotelier” but refused to disclose the price. The
The battle for the beaches hit top gear last night as Merivale CEO Justin Hemmes signed on to take over the iconic Newport Arms Hotel. Only a few months since the Laundys and Fraser Short purchased the nearby Mona Vale Hotel in a big money deal from Peter Beaumont’s Fernwood Group, Justin Hemmes’ Merivale has
The historic Imperial Hotel at Clifton will be “restored to its former glory” after being boarded up for more than a decade. WIN Corporation has owned the hotel “breathtakingly perched high above the Pacific Ocean” on Grand Pacific Drive for decades, but the building has been closed and unused since November 2003, after a landslide
One of Australia’s largest pub owner operators, Redcape Hotel Group, has snapped up the top-performing Crown Hotel in Revesby for more than $30 million. Coming in at #19 on the OLGR list of gaming venues, the Crown is Redcape’s largest acquisition to date. PubTIC spoke to Redcape, but the company was unable to comment on
Pub Li City P/L has reportedly purchased one of Melbourne’s finest hotels for $45 million. 27-year-old Chinese developer Jiyuan “Louis” Li is the sold director and principle shareholder in Pub Li City Pty Ltd, which placed a caveat over St Kilda landmark Prince of Wales Hotel last week. Known as a live music venue, the
Chinese Pub Li City buys $45 million Prince of Wales Hotel Read More »
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