Property

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

PUB FAMILY(S) SWOOP ON FEROS’ PANANIA HOTEL

Posted on June 12th, 2015 by Clyde Mooney
A well-backed up-and-comer has grabbed Feros’ Panania Hotel in a hot market deal worth nearly $15 million. Following a sustained effort to find a complementary venue for his Top 5 gaming pub, the Railway Hotel in Lidcombe, Mark Malloy has

MEDICH SELLS LAUNDY TWO MORE PRIZED PUBS

Posted on June 10th, 2015 by Clyde Mooney
[caption id="attachment_2686" align="alignright" width="426"] Woolloomooloo Bay Hotel, Woolloomooloo[/caption] The Laundys have flashed the cash, tempting Medich into the sale of two more ‘big deal’ pubs. In a transaction worth nearly $35 million, the Medich family’s Halcyon Hotel Group has parted

IRIS GROUP SELLS TO CHINA’S BIGGEST DEVELOPER FOR $170m

Posted on June 10th, 2015 by Clyde Mooney
Only months after announcing plans for massive redevelopment, Iris Group has divested the Kings Cross Mercure complex. [caption id="attachment_2697" align="alignright" width="449"] An artist's impression of the proposed Mercure tower. Image: supplied[/caption] Earlier this year Iris lodged plans with the City

REDCAPE ‘FINE-TUNES’ OUT OF 3 MORE PUBS

Posted on June 5th, 2015 by Clyde Mooney
Redcape Hotel Group has tightened its portfolio a bit more ahead of the much-rumoured public float, divesting three pubs at once to a burgeoning local operator. The three pubs are located in Port Macquarie, and their sale follows the Group’s

$25M GAMING PUB SALE PART OF “FRENETIC” 2015

Posted on May 29th, 2015 by Clyde Mooney
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and

NEW PUB GROUP TEMPTS HALCYON INTO UNEXPECTED SALE

Posted on May 27th, 2015 by Clyde Mooney
One of the North Shore’s best-known pubs has sold in a surprise deal that was a case of ‘an offer they couldn’t refuse’. Just 15 months after purchasing it for $13 million, Halcyon Group has divested the landmark Buena Vista

VICTORIAN PUB CLIMATE BREEDING NEW PLAYERS

Posted on May 25th, 2015 by Clyde Mooney
A dynamic new hotel group has snapped up the suburban giant Vincent Hotel, amid plans for further strategic expansion. Emanating from the successful Port Phillip Charters cruise business, Dixon Hospitality Group (DHG) has bought four pubs in a little over

ROCKLEA GOOD FOUNDATION AS MARKET BUILDS: POWER

Posted on May 25th, 2015 by Clyde Mooney
A Brisbane hotel family takes the keys for the Southside’s Rocklea Hotel today as opportunity continues to shift in the State’s pub assets. The popular corner pub on Ipswich Rd joins a flurry of venues in Queensland being bought or