HOTEL TULLY HITS HOT QUEENSLAND MARKET
Hotel Tully, on Queensland’s Cassowary Coast, has hit the market amid increasing interest in tourism-laden regional assets. Commonly known as the ‘Top Pub’, Hotel Tully was built 1926 and is considered a local landmark, with direct frontage to main
AVC HALTS IPO AND ALH KICKS OFF
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to
PUB PENALISED OVER TOO MANY FREE DRINKS
A pub and licensee in Sydney’s south have been fined and penalised for failing to limit free drinks to a man on a gambling binge. Complaints lodged by Liquor & Gaming against the venue relate to the service of a
WAGGA HATTRICK AS BUYERS TAKE WHAT THEY CAN GET
Activity continues in regional Australia with sale of the Duke of Kent Hotel – representing the third Wagga Wagga pub sale announcement in as many weeks. Located on Wagga’s main drag, Fitzmaurice St, the Duke is a welcoming country pub
IPO-BOUND AVC ADDS TWO MORE
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks,
JACARANDA ON OFFER: FIRST TIME IN 56 YEARS
Grafton’s Jacaranda Hotel has been listed for sale by the long-serving Stokes family, who have held it for over five decades. The Jacaranda is a classic two-storey timber structure on a generous 2,037sqm corner lot in the heart of the
SYDNEY RETURNS TO RESTRICTIONS OVER COVID SCARE
A case of unexplained community transmission has prompted a snap return to restrictions for the Greater Sydney area – including the Central Coast, Wollongong and Blue Mountains. NSW Health authorities are working to trace new COVID-19 local infections, and renewed
FEROS OFFERS UP TERREY HILLS TAVERN
Feros Group has announced the very large-format Terrey Hills Tavern is back on the market, as they look to focus on a swathe of opportunities in Sydney’s south. Nick and Chris Feros' group has listed the Northern Beaches landmark, as
OSCARS DIVEST STRAND TO ADGEMIS’ JAGA GROUP
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast
AVC LOOK TO RAISE $350m IN IPO
Australian Venue Co. has taken the next steps toward its public float, with fund managers this week informing investors the process will look to raise $352 million, while New York financial giants KKR retain their share. American heavyweight KKR secured
