Property

DEVELOPER “HUNGER” DRIVES BIG PRICE FOR BRIDIE’S

Posted on November 4th, 2015 by Clyde Mooney
Popular Melbourne franchise pub Bridie O’Reilly’s has sold to a local developer in a prime location example of opportunity sales taking place in the capital cities. Freehold owner John Connellan developed the business for the Bridie O’Reilly’s group nearly two

PUB ‘KING’ BUYS PADDINGTON ‘HOTEL’ – EXCLUSIVE

Posted on October 30th, 2015 by Clyde Mooney
Prominent hotelier Ben May has bought a Paddington ‘hotel’, in which he and wife Lucy will live. The heritage-façade Windsor Castle Hotel, on Windsor Street, has been sold by Rita and Peter Polovin, following an extended project to turn the

EXCHANGE HOTEL CHANGES HANDS BETWEEN PUBLICANS

Posted on October 28th, 2015 by Clyde Mooney
Well-loved Goulburn pub the Exchange Hotel has sold to an established local publican, as regional assets continue to attract attention amid waning supply in Sydney. Built in 1872, the Exchange is one of the oldest pubs in the area and

LAUNDY SYNDICATE BUYS LONG JETTY PUB

Posted on October 23rd, 2015 by Clyde Mooney
A Laundy-led syndicate has bought the Central Coast’s Long Jetty Hotel, indicating the increasing market for strong regional assets. Over three rounds of “hotly contested” negotiation between several parties, the group comprising Arthur Laundy, Sean O’Hara and Lee Green bought

WAUGH’S PHMG SECURES ANOTHER EAST-SYDNEY PUB ICON

Posted on October 14th, 2015 by Clyde Mooney
  Mitchell Waugh’s newly-formed Public House Management Group (PHMG) has bought the first pub sold by the Ryan Family since 1992. Purchased by John and Sally Ryan in 2011 for around $15 million, the famous Woollahra Hotel – home of

CHINESE INVESTOR SAILS INTO SOUTH COAST HOTEL

Posted on October 12th, 2015 by Clyde Mooney
The ASX-listed Abacus Property Group has divested an underperforming NSW South Coast asset, as opportunities continue to flow from China. The Mariners Waterfront Hotel is located on 5393 m² of prime frontage onto Bateman’s Bay, with development opportunity and favourable

INVESTOR SNAPS UP SYDNEY HOTEL FOR $18.5M

Posted on October 7th, 2015 by Clyde Mooney
The $18.5 million sale of the Bounce Backpackers hotel continue the run of offshore investment dollars that have seen Australia rank second in the Asia-Pacific region for hotel transactions. The five-star hotel is located opposite Sydney’s Central Station, with a

COLES PRIME FREEHOLD GOES TO MARKET IN NSW CENTRAL COAST

Posted on October 2nd, 2015 by Clyde Mooney
Continuing the trend of prime-tenanted freehold investment sales, one of Coles’ Spirit Hotels big trading pub and bottle shops is up for grabs. Located on the Pacific Highway between Gosford and Newcastle, the Northlakes Tavern was built by Coles on

RANDWICK’S TOP ‘DOG’ SELLS TO CRAFTY PUBLICAN

Posted on September 23rd, 2015 by Clyde Mooney
Owners of the uber-successful and crafty Dove & Olive and Keg & Brew have snapped up a Randwick landmark to add to the award-winning portfolio. The burgeoning Good Beer Company (GBC) has bought Newhaven Hotels’ Duke of Gloucester, with plans

DIXON BUYS 17 MELBOURNE PUBS IN ‘RECORD’ DEAL

Posted on September 18th, 2015 by Clyde Mooney
[caption id="attachment_3751" align="alignright" width="418"] Open Door Pub Co's College Lawn Hotel[/caption] The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip