Famed authority on the Melbourne Cup, Max Hitchins, was also the former proprietor of Bondi Junction’s iconic Billy the Pig’s, which won every year, courtesy of its dedication to the race that stops the nation. Hitchins – known in certain circles as Melbourne Cup Max for his in-depth knowledge of the big event, able to […]
In a market probing for opportunity, Australia’s biggest pub landlord is testing the waters with one of its prized ALH-leased properties, Paddington’s Berwick Hotel. The ASX-listed ALE (ASX: LEP) holds a portfolio of 86 properties across the five mainland States, exclusively leased to Australian Leisure & Hospitality (ALH). The combined value of the portfolio tops
The Schwartz family has listed two big Melbourne investment properties, including the city’s oldest pub – Dixon Hospitality Group’s Duke of Wellington. Melbourne freeholds continue to lead the charge on yield benchmarks, averaging below six per cent and dipping below three per cent on select properties. Publisher and property developer Morris ‘Morry’ Schwartz has put
Against the trend in a booming industry, the receiver sale of Lithgow’s Tattersalls Hotel has emerged, the neglected property and stalled business heading to auction. The freehold of the Tattersalls was bought around a decade ago by the incumbent, offering a strong yield based on unrealistic rent from the tenant. Settlement was swiftly followed by
Property investment specialist AsheMorgan has listed the popular Darling & Co in Brisbane’s trendy Paddington precinct, as it exits pubs in the capital. AsheMorgan is a real estate investment and advisory group founded in 1987 that seeks rewarding opportunities to grow its direct investment and funds management business. It has in the past backed numerous
ASHEMORGAN EXITS BRISBANE WITH SALE OF DARLING & CO Read More »
Typifying the enterprising festive events that take place around the country, the Let’s Dance Festival stems from the legendary David Bowie’s surprise appearance at the outback Carinda Hotel. Australia prides itself on festival events based in local history, locally produced produce, or simply the crazy quirks of its local inhabitants, most taking place in the
LET’S DANCE AT CARINDA HOTEL MARKS FESTIVAL SEASON Read More »
Paddington’s Captain Cook Hotel opposite Allianz Stadium has come to market, as the operators look to new projects in development. The Captain Cook has stood since 1882 at the intersection of Flinders St and Anzac Parade, where eastern suburbs arterial Moore Park Rd meets Foveaux St, opposite Moore Park and both Allianz and Sydney Football
Sand Hill Rd has thrown open its reinvigorated Waterside Hotel in Melbourne’s ‘edgy’ King St, prophesying new life for the old Hotel and district. Built on the prominent corner of Flinders and King Streets, in the late 1800s the Waterside Hotel was the first port of call and greeting point for people arriving in Melbourne
NSW Liquor & Gaming continues its support for small bars, with new relaxed drink service conditions following recent increases to patron numbers and trading hours. Small bars in the Sydney CBD and Kings Cross will now be able to serve spirits without mixers and cocktails not on the menu (beyond midnight) – restrictions imposed on
Carlton Draught maintains its mantle as Australia’s consistent top-selling tap beer, and CUB has launched a classically irreverent campaign to refresh the minds of beer drinkers. A new keg of Carlton Draught is reportedly tapped every 46 seconds somewhere in Australia. In recognition of this, Carlton & United Breweries (CUB) has broken a five-year TV
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