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
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to its move toward listing yesterday, stopping the formal book-build process planned for this week. The
A pub and licensee in Sydney’s south have been fined and penalised for failing to limit free drinks to a man on a gambling binge. Complaints lodged by Liquor & Gaming against the venue relate to the service of a 49-year-old male patron at the venue between approximately 10.00am and 9pm on 13 February, 2019.
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub with a spacious public bar and claim to “one of the most expansive ranges” of
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