PELATHON FLIP QUEENS HOTEL FOR ROYAL RETURN
Pelathon has flipped another big-trading Queensland pub, demonstrating its buy and sell strategy as the tide begins to shift in the coastal resources town. Jaz Mooney’s Pelathon Pub Fund acquired the somewhat tired Queens Hotel late 2017, and in keeping
HPI DIVEST COLES’ WICKHAM ON TIGHT RETURN
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and
HUNT HANDS RUTHERFORD BATON TO O’HARA-MALLOY
Hunt Hospitality is executing a strategic sell-down to capitalise on the high level of interest in the Hunter Region, kicking off with sale of the award-winning Rutherford Hotel to the growing O’Hara-Malloy collection. The pub is a large-format broad business
NULLARBOR HOLDINGS LET LOOSE $30m OUTBACK PORTFOLIO
A rare collection of three outback mixed-use hospitality assets has come to market, boasting $20 million revenue and a $30 million price tag. Private Brisbane company Nullarbor Holdings has listed its portfolio, comprising Erldunda Roadhouse in the Northern Territory, and
PALACE STARS IN BROKEN HEEL FESTIVAL SUCCESS
The red centre has been set ablaze again with the fourth annual Broken Heel Festival booming and breaking records over the weekend. The four-day festival is a celebration of the appearance of Broken Hill – aka the ‘Silver City’ –
BALLARAT’S BLUESTONE HITS VICTORIAN BEDROCK MARKET
The freehold Investment of Ballarat Central’s ‘The Bluestone’ has come up for sale, offering an historic ‘blue-chip’ asset in Victoria’s tight market. The Bluestone is a three-level structure on 728sqm that has seen significant capital expenditure, bringing state-of-the-art facilities. Holding
BIG ROCHDALE GREENFIELD SITE ON OFFER
Private developers are offering a greenfield tavern opportunity on a full hectare, on Queensland’s golden promenade, between Brisbane and the Gold Coast. The future tavern and or accommodation hotel at 345 Miles Platting Rd Rochedale will occupy a 10,117sqm block
BIG DAY AT NATIONAL AWARDS FOR EXCELLENCE 2018
Around 500 industry VIPs and guests gathered this afternoon in the Gold Coast to witness the crowning of the winners of the Australian Hotels Association’s 2018 Awards for Excellence. Austere winners of state titles congregated with invitees and a strong
CORKMAN COWBOYS FACE MULTIPLE CHARGES, HIT WITH EPA FINES
The ‘cowboy developers’ that demolished Carlton’s Corkman Irish Pub have faced sentencing for the first of many charges against them, with the Magistrate voicing that he wished he could send them to prison. Developers Raman Shaqiri and Stefce Kutlesovski used
IRIS UNVEILS NEW BUT HERITAGE PUB AT CAMPSIE STATION
Iris Group has quietly opened a brand new heritage pub in western Sydney heartland, restoring and converting a prime three-storey structure opposite Campsie Station. Sam Arnaout’s Iris bought the site on the prominent corner of Campsie thoroughfares Beamish Street and
