ALH PUB SALE SETS NEW BENCHMARK
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner
SYDNEY PUBS COULD OPEN IN SEPTEMBER
Sydney pubs might be open again in weeks, as government talks with industry on policies and timing and the possibility of ‘COVID passports’. After eight hard weeks of lockdown, venues in NSW closed under COVID restrictions could be allowed to
BLACK RHINO BUOYANT ON LAKESIDE BARMERA
Black Rhino continues its migration into the southern state, roping the adrift Barmera Hotel Motel on popular Lake Bonney. Dave Tomsic’s group has exchanged on the large-format venue, marking number five in a rapid acquisition plan into South Australia. Barmera
DIXON AND EUMUNDI GO TO COURT HOUSE
Michael Dixon has teamed with Eumundi Group to buy the Court House Hotel in Murwillumbah, in northern New South Wales. The two-storey Court House, on an 898sqm block, offers public bar, bistro, gaming, beer garden, 16 accommodation rooms and
BLUE-CHIP SALES TIGHTENING YIELDS
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has
LOCAL SAVES HEBEL PUB BY BUYING TOWN
Local legend Frank Deshon has saved the pub and people of Hebel from fading off the map by buying every business in town. Hebel is a tiny town in south-west Queensland, on the Castlereagh Highway, just a few kilometres on
PHMG PLAN NEW HURSTVILLE HOTEL
PHMG is working with developers on a brand-new family-friendly pub within a major new retail and commercial development in Hurstville. Currently under construction, One Hurstville Plaza is a $60 million 14-storey office tower at 288 Forest Rd, between Westfield, Hurstville
EXPANDING LOCAL OPERATOR CATCHES CESSNOCK’S RAILWAY HOTEL
Continuing the shake-up in Hunter Valley hospitality, the Railway Hotel in Cessnock has been sold to a local, diversifying operator. The two-storey Railway Hotel features a public bar, commercial kitchen and bistro, popular children’s playground, ten accommodation rooms plus a
VIC PUBS COP CONTROVERSIAL CURFEW FINES
Paul Dimattina is one publican hit with a $10k fine, for his Lamaro’s Hotel supposedly trading past curfew, amid denials and accusations authorities are targeting critics of the State’s policies. Victoria entered its sixth lockdown order last Thursday, requiring venues
KNOX GOES MORE IN MOREE
Growing local hotelier Jim Knox has expanded his collection with purchase of the Royal Hotel in Moree from long-term owners Deb and Tim Evans. The Royal of Moree is a large, two-storey brick pub with a generous Federation-style parapet, on