The sale of El Toro Motor Inn by Lantern may not proceed, as stakeholders protest the “surprise” sale of the asset, but the buyer tells a different story. Last Friday the soon-to-be-gone board of Lantern Hotel Group (ASX: LTN) announced the sale of the Warwick Farm former top-100 gaming pub for $24 million to a […]
The OECD’s latest outlook on employment calls for review of minimum wages and government measures to address systemic unemployment and those stuck at the bottom of the jobs ladder. The Organisation for Economic Co-operation and Development’s (OECD) mission is to “promote policies that will improve the economic and social well-being of people around the world”.
The increased use of online booking systems for travel and accommodation has led to a rise in the number of scams and complaints by duped consumers. The Australian Competition and Consumer Commission (ACCC) operates Scamwatch – providing “information to consumers and small businesses about how to recognise, avoid and report scams”. Scamwatch has received report
As legitimate providers around the world condemn the injustice of unregulated ‘share’ accommodation, the TAA has gone further to slam cheats rorting the loopholes even further. The so-called ‘share’ economy is based in using technology to match people with a need to people willing to share their own property to satisfy that need – be
INVESTORS RORTING ‘SHARE’ ECONOMY LOOPHOLES: TAA Read More »
The shake-up of listed Lantern Hotel Group continues, with the surprise sale of its top asset to publican Andrew Lazarus for $24 million. Warwick Farm’s El Toro Motor Inn sits on a 1.4 Ha block, and has long been a top performer in Sydney’s gaming heartland – situated on the border of Fairfield and Liverpool.
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent a $4 million renovation, adding a rooftop bar overlooking the Sydney skyline and a refreshed
PADDINGTON LANDMARK SELLS TO NEW WAUGH FAMILY PUB GROUP Read More »
Peter Beaumont’s Fernwood Group has put its Balmain landmark up for grabs, offering “development potential” to the hungry investor market. The 1885 Exchange Hotel is located on a 640 square metre corner block in the heart of uber-trendy Balmain. The freehold going concern will go to auction 20 August. The Hotel has submitted plans to
After a drawn-out prosecution process and lengthy trial, two Tasmanian men have been convicted of changes stemming from a pub fight that resulted in another man’s death. Brothers David Blazely and Mitchell Dowling were drinking at the ALH’s Mowbray Hotel on 17 July, 2013. Another man at the hotel, Tony Brown, reportedly insulted and threatened
Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and Victoria – mostly leased to ALH. The Seaford Hotel and Royal Hotel in Melbourne suburbs
Oscars Hotels has launched an amazing new hotel venue in Sydney’s south-west set to become a hub of entertainment and business. Last night saw the gala opening of The Warwick, attracting guests such as the Honourable Frank Carbone (Mayor of Fairfield), Ned Mannoun (Mayor of Liverpool) and Gus Balloot (Deputy Mayor of Liverpool) as well
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