STAFF SHORTAGE PROMPTING CASH FOR CHEFS
Lewis Group has announced it is offering a signing bonus of $2,500 for chefs as the industry feels the pinch of the labour shortage crisis. A Federal Parliamentary Joint Standing Committee on Migration was told this week of staff shortages
WILLOW SALE IN TIGHTENING MARKET
Peter Braithwaite has put to market his thriving Brisbane pub The Willow Hotel amid ongoing yield compression in the south-east Queensland marketplace. Located on a prominent corner block on bustling Beaudesert Road, The Willow is a modern suburban tavern over
ANOTHER WIN IN BATHURST
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial
NON-BANK LENDERS BRINGING BIGGER SLICE OF PUB PIES
As post-pandemic upset looms in the national market, the share of debt with non-bank lenders is predicted to surge in coming years, potentially becoming a critical component in new ownership structures. Analysis by consultancy firm Plan1 pits the market share
NEW INVESTMENT GROUP TAKES MPK PORT IN MASSIVE DEAL
The whole freehold going concern portfolio of MPK Hotels’ NSW pubs has sold to newly-formed syndicate Investment Management Group Hotels in the biggest deal of 2021 to date. MPK has divested the Royal Hotel at Orange, Dudley Hotel at Bathurst,
AVC PICKS UP A BIMBO
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of
FORBES SYDNEY BACK TO LIFE AND TO MARKET
The stately Forbes Hotel in the heart of Sydney is coming back to life and offering a new long-term lease. Set on a 149sqm block on the corner of King and York Streets in the Sydney CBD, where a pub
HAWKESBURY HERO LIONHEART LUKE PARTS WITH CLARENDON
Luke ‘Lionheart’ Ainscough has sold his regional landmark in Sydney’s burgeoning northwest to the up-and-coming Endeavour, as the region dries out from subsiding floodwaters. The Clarendon resides on a 1,959sqm lot on Hawkesbury Valley Way – the main arterial road
CONTROVERSIAL NEWCASTLE RESTRICTIONS TO BE LIFTED IN ‘MATURED’ MARKET
The infamous Newcastle restrictions will finally be lifted for the first time in 13 years, bringing the city back in line with the rest of the state and ending a protracted era of treating people going out at night “like
BOUNCE-BACK EMBRACED THROUGH HOSPO INITIATIVES
Lewis Land Group is amongst those feeding a recovery in hospitality, doubling the NSW Government’s Dine & Discover vouchers at Sydney institutions The Fiddler and Camden Valley Inn. The group is offering twice the face value of the Dine &
