Property

LANTERN’S EL TORO SALE SCANDAL: LAZARUS DEFENDS

Posted on July 20th, 2015 by Clyde Mooney
The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced

LANTERN OFFLOADS FLAILING TOP-100 GAMING PUB

Posted on July 17th, 2015 by Clyde Mooney
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a

PADDINGTON LANDMARK SELLS TO NEW WAUGH FAMILY PUB GROUP

Posted on July 17th, 2015 by Clyde Mooney
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent

PUB BARON OFFLOADS PRIME BRISBANE HOTEL

Posted on July 1st, 2015 by Clyde Mooney
One of Australia’s biggest pub operators, Bruce Mathieson, has sold a Brisbane CBD accommodation hotels to a Singapore investor for $29.5 million. [caption id="attachment_2888" align="alignright" width="425"] Rendezvous Hotel George St. Image: Google maps[/caption] The 13-storey 99-room Rendezvous-branded hotel sold in

TRIPLE-PLAY – ALH PUB SWAP ROLLS ON

Posted on June 26th, 2015 by Clyde Mooney
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54

DIXON NABS NAGS HEAD HOTEL FROM O’HARA

Posted on June 26th, 2015 by Clyde Mooney
The O’Hara family have parted with their Nags Head Hotel – selling with “mixed feelings” to high-flyer Geoff Dixon. After 15 years that have seen mum the licensee, all seven kids working within, and both Dan and his brother having

BAYFIELDS CHARGE INTO HARITOS’ LIGHT BRIGADE

Posted on June 24th, 2015 by Clyde Mooney
The Bayfield family has swooped on Paddington’s Light Brigade to launch “a new chapter” in their already long pub history. After eight years at the helm outgoing owner Dean Haritos has divested the freehold going concern citing other interests, in

FAMILY-RUN REGIONAL PUB SELLS IN ‘SPIRITED’ AUCTION

Posted on June 22nd, 2015 by Clyde Mooney
After three decades, the Woodward family has parted with their “Green Roof” hotel. Located in the west Newcastle suburb of Hamilton, Woodey’s Hamilton “Green Roof” Hotel has sold at auction for around $3.6 million to local operator Russell Richardson. Built

MAY OFFLOADS CENTRAL TAVERN TO THOMAS’

Posted on June 19th, 2015 by Clyde Mooney
Thomas Hotels has swooped on Ben May’s Central Tavern, bringing the Surry Hills pub into its local portfolio. George Thomas’ group already operates the Madison and GT’s Hotel on Devonshire Street, and has bought the Central across the road for

57-YEAR BUILDER OPERATORS CALL LAST DRINKS

Posted on June 17th, 2015 by Clyde Mooney
The baton has passed on a southern Sydney landmark pub, as its builders and six-decade operators “end an era”. The Durkin family built the Jannali Inn in 1958, and have run it ever since. The building includes retail space and