The growing syndicate of Martin Short, Sean O’Hara, Jamie Malouf and Co. has acquired the large-format and highly acclaimed Moonee Beach Tavern in Coffs Harbour from Harry Barry. The Tavern is a very large-format family-oriented local, on a huge 1.17-Ha site set back from the beach, off the Pacific Highway, exposed to local and passing […]
Matthews Hospitality has announced purchase of ALH’s Salisbury Hotel, as it invests more than $13 million into its South Australian communities. Matthews Hospitality is one of South Australia’s largest family-owned hotel groups, the Salisbury joining Feathers, Maylands, Buckingham Arms, Eyre, Mount Gambier, Park and South Eastern Hotels, as well as Colhurst House B&B. The Salisbury
MATTHEWS STEPS UP WITH SALISBURY AND $13m INVESTMENT Read More »
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to up to 720 people and hosting regular live drag performances. Keystone purchased it in 2010
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies a large 3,152sqm corner block on Wilson Street and dates back to 1857. It saw
A controversial case of buyer’s remorse has been settled in the NSW Supreme Court this week, bringing judgement on a dispute over the sale of the Quarryman’s Hotel by Laundy Hotels to the Parras family. More than a year since legal wrangling began, Justice Rowan Darke delivered his verdict, finding the sale contract was not
Shares in the ASX-listed Redcape Hotel Group rallied following news of upgraded forecasts in its full-year earnings guidance and distribution payout. The high-profile Group spoke of improved trading as its shares rose over four per cent yesterday, as the overall share market retreated. Redcape (ASX:RDC) lifted its FY21 earnings forecast five per cent from guidance
REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE Read More »
A patron at a Parramatta pub has been hospitalised following an alleged robbery in the toilet. Emergency services were called around 11am Thursday to Parramatta’s Commercial Hotel, to reports of a robbery and injury to a man who was thought to have been struck with an axe. The 37-year-old man was in the pub’s toilets
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s south west, 27 kilometres from the CBD, and comprises an integrated complex across a large
The Federal Government has handed down the budget for 2021-22, bringing mixed results for the hotels and tourism sectors in a plan squarely aimed at Australia’s economic recovery. The latest and third budget from Treasurer Josh Frydenberg outlines record funding and big spending plans, primarily toward creating jobs and keeping unemployment low. Measures streamlining visa
Hotel Tully, on Queensland’s Cassowary Coast, has hit the market amid increasing interest in tourism-laden regional assets. Commonly known as the ‘Top Pub’, Hotel Tully was built 1926 and is considered a local landmark, with direct frontage to main road Butler street, exposed to vehicles and pedestrians. Its 2,224sqm lot enjoys dual street access
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