Albury’s oldest pub, Soden’s Hotel, is looking at a massive repair bill after a reckless driver crashed into the 163-year-old heritage building, bringing down its awning. Around 3am on Saturday a 24-year-old driver, allegedly seen driving erratically and doing burnouts, appears to have lost control of his Ford Futura, crashing through three poles suspending the […]
Australian Pub Fund operator Riversdale Group has announced it will soon close the iconic Stock Exchange Hotel in inner-city Brisbane for good. The announcement came via social media late last week that the “Stockie” would cease trading Sunday 13 December, leaving thirty staff out of work. The heritage-listed pub first opened in 1863 in the
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD, the Jubilee Tavern in Airlie Beach, and the Summerhill Hotel, 12 kilometres north of the
HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS Read More »
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868, finding its name to honour the royal visit to Brisbane by Queen Victoria’s son Alfred,
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million. The Courthouse is an icon of the Oxford Street precinct, the four-level main property landmarking one of the four corners of Taylor Square,
ASX-listed Redcape Hotel Group has acquired the freehold going concern of the Gladstone Hotel Dulwich Hill in one of the largest transactions of 2020. Redcape (ASX:RDC) advises it has exchanged contracts to acquire the Gladstone Hotel, which it says will complement its portfolio of “suburban community hotels in high growth areas” – predominantly in western
Jumping to put the lid on an outbreak of coronavirus in Adelaide, on Wednesday the South Australian Government initiated a second and hopefully short-term lockdown of the State. Premier Steven Marshall described the proposed six-day measure as a “circuit breaker” that will allow authorities to conduct detailed contact tracing to bring the cluster under control.
Some of the greatest minds in Australian drinking have combined to solve the problem of having to carry too many schooners at once, with the Super Schooner. Merivale has partnered with Lion, along with marketing company Ogilvy, to produce the four-in-one Super Schooners – now in service at Vic on the Park, in Marrickville.
The NSW budget announced yesterday has flagged $100 in hospitality vouchers for every adult in the State in a $500 million bid to help re-start the sector. The budget has earmarked four $25 ‘Out & About vouchers‘, to be spent on dining out and entertainment. They cannot be spent on alcohol, cigarettes or gambling. Two
Following completion of independent valuation and a rent-determination process, ASX-listed ALE Property Group has recorded a $51.6 million gain in the value of its 86-venue portfolio and further support to its case for rental increases. As of 31 October the portfolio was independently valued at $1.226 billion, up 4.43 per cent from the figure of
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