IRIS SWOOPS ON IBIS IN $180m DEAL
Sam Arnaout’s Iris Capital has pounced on a portfolio of 17 Ibis hotels from Accor Invest in a deal worth $180 million, making it the biggest hotel transaction of the year. The massive deal is for 17 freehold hotels, amounting
LAMBERT LEAPS INTO THE OLYMPIC
The stoic Olympic Hotel in Sydney’s Paddington has been sold to former Newcastle publican Wayne Lambert, with plans for glory. Dominating the corner of Regent Street and bustling Moore Park Road, the three-storey Georgian pub occupies a 533sqm lot, offering
CROYDON PUB GUARD ACCUSED OF TEEN KNOCKOUT
A Melbourne pub is in the spotlight in video showing a security guard holding a teenager in a choke hold before carrying his limp body outside. The footage, taken by patrons at the Dorset Gardens Hotel in Croydon on Saturday
MERIVALE GOES TO THE DOG
Justin Hemmes’ Merivale has emerged from the slowdown swinging, snapping up Good Beer Co’s the Duke of Gloucester Hotel for around $32 million. Dominating the intersection of Frenchmans and Clovelly roads in Randwick, the expansive two-level heritage pub is known
SOLOTEL SELLS GREEN PARK TO ST VINCENT’S
Sydney hospitality giant Solotel has announced completion of the sale of the iconic Green Park Hotel to precinct hero, St Vincent’s Hospital Sydney. Built 1893, the three-storey Darlinghurst institution and destination venue for Mardi Gras celebrations will soon be repurposed
SODEN’S GETS SMASHED BY A CAR
Albury’s oldest pub, Soden’s Hotel, is looking at a massive repair bill after a reckless driver crashed into the 163-year-old heritage building, bringing down its awning. Around 3am on Saturday a 24-year-old driver, allegedly seen driving erratically and doing burnouts,
RIVERSDALE CLOSING THE STOCK EXCHANGE
Australian Pub Fund operator Riversdale Group has announced it will soon close the iconic Stock Exchange Hotel in inner-city Brisbane for good. The announcement came via social media late last week that the “Stockie” would cease trading Sunday 13 December,
HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD,
HALLMARK TAKES THE HEART OF BRISBANE
Queensland-based Hallmark Group has added the iconic Lord Alfred Hotel in the literal and proverbial heart of Brisbane to its growing portfolio. Gracing the corner of legendary Caxton Street and Petrie Terrace, the historic Lord Alfred was established in 1868,
NEW MOELIS FUND WINS BATTLE INTO COURTHOUSE
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million. The Courthouse is an icon of the Oxford