The Laundy family has brushed up the portfolio with sale of the big Swansea Hotel, sold in a second deal with the growing family-run Hunter Hotels. “We plan to be active in this environment both in terms of reviewing opportunities to buy and sell assets,” offered group patriarch Arthur Laundy A.O. “Sitting still at this […]
Two large hospitality businesses on Queensland’s Magnetic Island have come to market, as a family operation looks to wind up and capitalise on the market for strong-performing coastal assets. Magnetic Island is eight kilometres off the coast from Townsville, with 2,335 permanent residents. Only a 20-minute ferry ride away, it is effectively a suburb of
Emerging craft gin label Australian Distilling Co. has taken home two Golds at the Tasting Australia Spirit Awards for 2020, solidifying its place in the growing gin market Down Under. The Tasting Australia Spirit Awards are presented by Mastercask, aiming to recognise the rise of the Australian distilling industry and its rapid growth both nationally
NSW Customer Service Minister Victor Dominello has announced draft legislative changes and news government is seeking community consultation on new measures to reduce problem gambling. The proposed changes could see venues having to install facial recognition technology to detect self-excluded gamblers, and face fines up to $27,500 for failing to prevent self-excluded gamblers playing. Gaming
Pubs in Victoria are calling on the Andrews’ Government to speed up timeframes for easing of restrictions in light of the sharp reduction in COVID cases, as many operators prepare for innovation and a “summer like no other”. The Australian Hotels Association (Victoria) leads the call for re-evaluation and greater flexibility in the Hospitality Industry
The expanding Zenith Hotels of Andrew Lazarus has reimagined the iconic Exchange Hotel in Hamilton in a five-million-dollar reconstruction, opening tomorrow. A transformation began on the Exchange back in January. When the pandemic hit it was briefly put on pause, but reactivated once a decision was made to use the time. This planning subsequently allowed
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Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its high-quality food, beverage and retail liquor business, and regularly ranked Top 10 in the Territory
Gaming services specialist MAX has released news of its reshaped Performance Solutions model, coming with a video explaining the changes and benefits to venues. Following feedback from industry, the company’s offer has been reworked to reportedly provide more choice and greater flexibility. “MAX Performance Solutions business is all about unlocking the full potential of your
ASX-listed Redcape has put forth a very positive result for the first quarter of FY21, citing quick adaptation to the changing landscape and stamping an upcoming distribution for security-holders. Redcape Hotel Group (ASX:RDC) announced its FY20 financial results on 19 August, which included noting revenues during July 2020 throughout its newly-reopened fleet above that of
The “realities” of Melbourne’s pandemic plight sees another of the city’s pub institutions fade away, as AVC hands back student favourite the Hawthorn Hotel. Built 1868, the Hotel freehold has been owned by Swinburne University since 2015 and is located on a corner of Burwood Rd surrounded by University buildings. It’s known locally as The
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