Property

NEWHAVEN HOTELS OFFLOADS KEY ASSET TO LAUNDYS

Posted on April 13th, 2015 by Clyde Mooney
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe

EXCLUSIVE: NEW ERA FOR TEA GARDENS HOTEL

Posted on April 1st, 2015 by Clyde Mooney
A Tea Gardens hotel has changed hands after 68 years of family ownership. Manenti Quinlan reported the historic sale of the Tea Gardens Hotel Motel yesterday after a campaign involving potential buyers from around the country. Director Gerry Quinlan told

MERIVALE TAKES UP NEWPORT ARMS

Posted on March 18th, 2015 by Clyde Mooney
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

HISTORIC ILLAWARRA HOTEL SET TO RETURN

Posted on March 16th, 2015 by Clyde Mooney
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

$100m of pub purchases for Redcape & HPI

Posted on February 27th, 2015 by Clyde Mooney
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

Chinese Pub Li City buys $45 million Prince of Wales Hotel

Posted on February 23rd, 2015 by Clyde Mooney
[caption id="attachment_781" align="alignright" width="355"] Prince of Wales Hotel[/caption] 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