Property

KEYSTONE SELLS FIRST NSW HOTEL TO MORRIS’ COLONIAL LEISURE

Posted on February 12th, 2016 by Clyde Mooney
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

Posted on February 10th, 2016 by Clyde Mooney
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.

LAUNDYS BUY ON CENTRAL COAST

Posted on February 10th, 2016 by Clyde Mooney
In a further display of market diversity, Laundy Group has purchased an idyllic and “real value” hotel on the NSW Central Coast. Growing its existing regional portfolio, which already includes pubs in Wagga Wagga, Dubbo, Orange and most recently Long

IRIS BUYS ‘PROJECT’ PARRAMATTA HOTEL FOR $38m

Posted on January 22nd, 2016 by Clyde Mooney
Iris Group has kicked off 2016, purchasing a Parramatta hotel “as a development” for $38 million. Located a stone’s throw from Rosehill Racecourse, the Mercure Parramatta boasts 165 rooms atop a bar, recreation and function spaces. The Australian implied Iris

PUB BARON BUYS CLG’S $17m PORTSEA FREEHOLD

Posted on January 11th, 2016 by Clyde Mooney
Pub baron Mazen Tabat has continued his quest to become Colonial Leisure Group’s landlord, buying the Portsea Hotel freehold for $17.1 million. The Herald Sun reported the sale yesterday, which transacted in the first half of 2015 and settled in

$50m ACQUISITIONS FOR QUIET NEW PUB GROUP

Posted on December 16th, 2015 by Clyde Mooney
News is emerging of a new pub group with deep pockets, amid the announcement the Waugh family has sold the Banksia Hotel and the Belmore Hotel. [caption id="attachment_4713" align="alignright" width="309"] Image: website[/caption] Quietly entering the industry with the recent purchase

LOCALS OUTBID FOR OUTER-MELBOURNE HOTEL

Posted on December 14th, 2015 by Clyde Mooney
A Chinese investor has snapped up an outer Melbourne hotel-motel as accommodation-based opportunities continue to attract strong interest around the country. The Sunshine Motor Inn has been owner-operated by father and son John and David Swain for the past 20

IRIS AND GALLAGHER TRADE ANOTHER PUB

Posted on December 9th, 2015 by Clyde Mooney
Dynamic Iris Capital has traded another pub with the booming Gallagher Hotel Group, as leaseholds continue to come to the fore in the hot hotel market. Representing the fifth asset swap for the two groups, Iris has sold Gallagher the

LANTERN SELLS $11m SURRY HILLS DOLPHIN HOTEL

Posted on December 7th, 2015 by Clyde Mooney
Lantern Hotel Group has divested one of its best city assets to a colourful A-lister of Sydney hospitality. In October the ASX-listed Lantern (LTN) announced a portfolio reshuffle, selling three pubs as part of its “strategic review of the business”,