Peter Braithwaite has put to market his thriving Brisbane pub The Willow Hotel amid ongoing yield compression in the south-east Queensland marketplace. Located on a prominent corner block on bustling Beaudesert Road, The Willow is a modern suburban tavern over two levels – ground and lower-ground – offering public sports bar with TAB and efficient […]
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial kitchen and bistro, beer garden, gaming room with three EGMs, and a previously well-patronised nightclub,
As post-pandemic upset looms in the national market, the share of debt with non-bank lenders is predicted to surge in coming years, potentially becoming a critical component in new ownership structures. Analysis by consultancy firm Plan1 pits the market share of commercial real estate under non-bank lenders to reach $50bn by 2024, driven by pending
NON-BANK LENDERS BRINGING BIGGER SLICE OF PUB PIES Read More »
The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date. MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst, Castlereagh Hotel at Dubbo, and the Federal hotels at Wellington and Mudgee, in a deal
NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL Read More »
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of patrons for many years. Like all pubs in Australia, Bimbo closed in March 2020, but
The stately Forbes Hotel in the heart of Sydney is coming back to life and offering a new long-term lease. Set on a 149sqm block on the corner of King and York Streets in the Sydney CBD, where a pub has stood since the 1840s, the Forbes is a four-storey red brick building built in
Luke ‘Lionheart’ Ainscough has sold his regional landmark in Sydney’s burgeoning northwest to the up-and-coming Endeavour, as the region dries out from subsiding floodwaters. The Clarendon resides on a 1,959sqm lot on Hawkesbury Valley Way – the main arterial road linking Windsor and Richmond. It provides the local catchment a big public bar, bistro, gaming
HAWKESBURY HERO LIONHEART LUKE PARTS WITH CLARENDON Read More »
The infamous Newcastle restrictions will finally be lifted for the first time in 13 years, bringing the city back in line with the rest of the state and ending a protracted era of treating people going out at night “like criminals”. The NSW State Government has announced a trial that will see the tough patron
CONTROVERSIAL NEWCASTLE RESTRICTIONS TO BE LIFTED IN ‘MATURED’ MARKET Read More »
Lewis Land Group is amongst those feeding a recovery in hospitality, doubling the NSW Government’s Dine & Discover vouchers at Sydney institutions The Fiddler and Camden Valley Inn. The group is offering twice the face value of the Dine & Discover vouchers between Mondays and Thursdays, giving customers $50 to redeem on meals. Rouse Hill’s
The Calligeros clan has taken ownership from the Maloufs of Paddington’s much-loved and much-owned landmark, the Bellevue Hotel. The two-storey Bellevue has stood on the corner of Hargrave Street and Windsor Lane since 1880. Industry faithful Steven Speed and partner Peter Walker’s WDS Hotels bought it from Singo’s Riversdale in 2014, soon undertaking a complex
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