An investment fund has snapped up Stanmore’s Salisbury Hotel, boasting some of the strongest opportunity seen in a year of competitive real estate transactions. The three-level freehold on the outskirts of Sydney sold less than 48 hours after its national tender campaign concluded last week, for a price market sources say was around $8.5 million. […]
Western Australia’s hospitality elite assembled on Monday night to crown the year’s best and brightest, in a State that must work harder for the patron dollar. Over 1100 guests attended the Lion Gala Ball at Crown Perth, as the Australian Hotels Association WA handed out 42 Awards for Excellence in pubs, accommodation hotels, bars, foodservice
Lion’s West End Brewery has undertaken a major two-year expansion of the landmark site, bringing big production increases and a shining commemoration to the brewery’s history. The $70 million investment into South Australian beer and cider production was officially unveiled Monday by South Australian Premier, the Honourable Jay Weatherill, and West End Brewery director, Idris
Surry Hills cornerstone, the Royal Exhibition, has sold amid hot competition in the city fringe. The multi-level freehold going concern adjacent to Central Station was divested by private owners Michael Wiggins and Joanne Cassar, as part of plans to finance their purchase of Iris Group’s Oxford Hotel – announced by PubTIC on Friday. The Sydney
Last Monday night St.George bank conducted its 2015 Pub Design Tour, bussing a group of inquisitive publicans around some recent top-notch pub renovations. As long-term partners with the AHA NSW, St.George puts on the event to back up its claims of kinship with hospitality and the challenges of keeping venues fresh. One of those on
PUB DESIGN TOUR SHOWCASES RECENT TOP VALUE-ADD RENOS Read More »
The financial climate and frenetic transactional activity in real estate this year has strengthened some emerging trends. PubTIC spoke to Colliers International’s Guy Wells on trends and influences. The company was founded in Australia in 1976, and now boasts 502 offices in 67 countries and global perspective. PubTIC: What influences have you seen most
In a year peppered by top-dollar transactions, Iris Group has executed one of the biggest gaming pub sales with the Oxford Hotel. The landmark Drummoyne hotel and adjacent retail property have sold for around $34 million in a clear indication the hot market continues to sizzle. Speaking to PubTIC, Iris CEO Sam Arnaout said conditions
Funds manager Quadrant Private Equity has gobbled up Urban Purveyor Group for a cool $200 million, with plans for rapid expansion. UPG comprises 11 Bavarian Bier Cafes, as well as Ananas Brasserie and The Cut bar & grill in The Rocks, Swine & Co, and four Sake restaurants. The Australian reported Quadrant chief executive Tom
URBAN PURVEYOR GROUP SELLS FOR $200m TO PRIVATE EQUITY Read More »
The auction of one of Rockhampton’s most beloved hotels has achieved a “good result”, with locals triumphing over a room of registered bidders. The hammer fell in Brisbane’s Eagle Street auction house this morning, ushering new owners to the historic Heritage Hotel for $1.4 million. The 110-year-old hotel fell into strife and closed the doors
Justin Hemmes’ Merivale masterpiece rolls on, with a first class whisky bar and tribute to the group’s fashion roots throwing the doors open Wednesday. Swathed in everything imaginable to enhance a whisky experience, J&M is a tribute to the late, legendary Mr John, the ingenious Merivale Hemmes, and their glamorous fashion label, House of Merivale.
MERIVALE BRINGS FASHION & STYLE TO NEW WHISKY BAR Read More »
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