Property

PELATHON PICKS UP LANTERN’S COURTHOUSE

Posted on July 27th, 2016 by Clyde Mooney
Pelathon has continued its big plans for expansion, paying $6.25 million for Lantern’s Courthouse Hotel as it completes its exit from the Sunshine State. The Cairns’ Courthouse Hotel is an “institution” in north Queensland. It was the official Court building

COLONIAL MOVES INTO ANOTHER STATE WITH PURCHASE OF THE FOX

Posted on July 15th, 2016 by Clyde Mooney
Colonial Leisure Group (CLG) has jumped into another State, bringing Brisbane’s big-trading Fox Hotel into its premium portfolio. Continuing the expansion plans that saw it quietly acquire Keystone’s Newtown Hotel in February, CLG has bought its first Queensland pub –

PELATHON COY ON PLANS FOR ITS NEW NEW ORANA

Posted on July 4th, 2016 by Clyde Mooney
The acquisitive Pelathon Pub Group has swooped on a Lake Macquarie local as it eyes new candidates for its proven turn-around management. Pelathon (PPG) is a partnership between the ASX-listed BlackWall Property Funds and long-time operator Jaz Mooney. In April

REILLY’S SYDNEY PARK “PUB” SECRET OUT

Posted on June 27th, 2016 by Clyde Mooney
After weeks of speculation, Ray Reilly has revealed his successful purchase of the Sydney Park Hotel, and says first and foremost it will “remain a pub”. Reilly is the owner-operator of inner-west mecca The Henson, in nearby Marrickville, and recently

LAZARUS SNAPS UP ANOTHER LANTERN PUB

Posted on June 22nd, 2016 by Clyde Mooney
Lantern’s divestment and turnaround marches on, with Sydney-based hotelier Andrew Lazarus snapping up the Beaumont Exchange for a tidy sum. Located in one of the best regions of NSW’s second-largest city, Newcastle, the Exchange is a diverse business with significant

PJs LEICHHARDT SOLD FOR $14.5m TO NEW OLD PUBLICAN

Posted on June 6th, 2016 by Clyde Mooney
PJ Gallaghers Leichhardt has sold between well-known publicans, as national assets and values see more businesses heading to the pub. The partnership of Patrick Gallagher and John Daly that resulted in a prominent corner pub becoming PJ’s Leichhardt, has divested

NEW SYNDICATE GRABS THOMAS’ TREETOPS PUB FOR $20m

Posted on June 3rd, 2016 by Clyde Mooney
A new pub syndicate led by well-known hotelier Peter Ashelford and Sydney Roosters chairman Nick Politis has snapped up the Thomas’ Treetops Tavern on the Gold Coast for $20 million. The Treetops occupies a prominent 7,000 m² site in the

COLES-TENANTED HOTEL AND BIG-BOX SELLS FOR $15m

Posted on June 3rd, 2016 by Clyde Mooney
The Coles-tenanted Redcliffe Tavern and adjoining 1st Choice freehold has sold to a private investor for $15 million. The 2,498 m² site, with frontage to both John Street and Anzac Avenue, Redcliffe, contains the freestanding tavern and big-box retail liquor

CALLIGEROS GRABS REILLY’S TRINITY BAR

Posted on May 25th, 2016 by Clyde Mooney
It’s all smiles at Surry Hills, as Peter Calligeros signs on the line for Ray Reilly’s Trinity Bar for $8.5 million. After a busy first half of the year that saw the Irishman both selling and buying, Reilly told PubTIC