Recognising the industry is back up and running, the new Malouf partnership has cemented the deal on their first Queensland operation in John Murphy and John Cornish’s Shearer’s Arms Hotel. The newly-formed North South Pub Co (NSPC) is Matthew Coorey and Richard Malouf, in partnership with Ed and Justin Malouf of Royal Hotels fame in […]
As the hotel and foodservice industries continue to feel the effects of staff shortages, a new survey finds most high school students are eager to get straight into work and over two thirds are looking at hospitality. The research found 83.80 per cent of school leavers are not going to have a “gap” year, due
Moelis Australia has announced another big-ticket acquisition in Kinselas Hotel Darlinghurst – unlocking plans to create a consolidated hospitality precinct at Sydney’s iconic Taylor Square. Moelis Australia Limited (MOE:ASX) has exchanged contracts with the Kospetas family to buy Kinselas for $45 million, following the investment bank’s very recent purchase of the Courthouse Hotel on the
ASX-listed hotel giant Redcape has announced acquisition of both the Shafston Hotel at Kangaroo Point and Aspley Hotel in Aspley from Delaware North for $27.5 million. Delaware North is a US hospitality giant founded in 1915 that operates hundreds of hospitality venues across four continents and employs over 60,000 people. At one point it was
Victorians are making hay in the sunshine of eased restrictions as opportunities emerge and the countdown to Christmas begins in earnest. This week brought the highly anticipated move to one patron per two square metres and no cap on numbers, plus the return of vertical drinking. QR codes remain mandatory but masks are optional. With
Iris has executed the biggest sale of the year in the final weeks of 2020, taking the Ryan family’s long-held Narwee Hotel in Sydney’s south. The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite the Narwee Train Station, with a 24-hour licence. Currently ranked #137 on the Liquor &
Signature Group has unveiled its latest win for Victorian hospitality with the hugely anticipated opening of The Sporting Globe at Chirnside Park. The latest The Sporting Globe (TSG) swung open the doors to punters on Friday (4 December), just in time for lunch. This is the largest of the growing Victorian franchise, licensed for 742
The Barooga Hotel in the popular holiday resort town of Barooga has been sold to the Ratcliffs, continuing the market strength for quality regional operations. Stephen and Elizabeth Ratcliff are the proud new owners of the sole hotel in Barooga, a two-storey corner pub offering a public bar and thriving bistro, with pizzas on Friday
The Australian hotel industry is mourning the loss of industry legend John Thorpe AM, who passed away Thursday aged 80 following a long illness. Considered a giant of the hotel scene, Thorpe served two terms as President of Australian Hotels Association NSW, from 1993-1995 and from 1999-2008, as well as a term as National President
Amid a wave of rapidly executed renovations in response to pandemic conditions, many hotel owners are missing out on claiming their available depreciation deductions, according to an industry specialist. Hoteliers and commercial property owners most commonly underclaim on depreciation because they simply do not know about it, or they have engaged someone not proficient in
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