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
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