ROZELLE’S RUBY HOTEL TO MARKET TO BUY OR LEASE
In a market short of metropolitan opportunities, the Ruby Hotel in Rozelle is for sale or lease following extensive refurbishment and operation by the investor owner. Michael Huang purchased the Ruby in 2015. Commonly known as Ruby L’otel, it enjoys
ABBOTSFORD’S PARK HOTEL HOT SALE BY AUCTION
Melbourne’s tightly-held freehold market has held to precedent, with the Park Hotel in Abbotsford selling at auction for more than 140 per cent of reserve, at a razor-sharp yield. Built in 1864, the Park sits on a big corner block
FEROS’ JDA WORKS SALE OF ALLAWAH HOTEL
John Feros’ JDA Hotels and associates have executed a sale and management deal on top gaming pub the Allawah Hotel for around $30 million. Located on 1,274sqm on a corner of Railway Parade, beside the refurbished Allawah train station, the
GOVT LAUNCHES AWARENESS CAMPAIGN AROUND ONLINE BETTING
The NSW Government has initiated a campaign to raise awareness around the pitfalls of online and mobile betting, in light of its massive increase in popularity. The segment of the population identified for ‘risky’ technology-based gambling behaviour is men aged
TECH EXPO HERALDS NEW GENERATION IN VISUALS AND ENTERTAINMENT IN HOSPITALITY
The recent Integrate Expo saw LG release cutting edge new products for commercial hospitality, blurring the lines between entertainment and aesthetic design. The 2017 Integrate Exhibition at Melbourne Convention & Exhibition Centre brought exhibitors from around the world to showcase
PREMIUM POST-MIX LAUNCHED TO ADDRESS CHANGING MARKET
In a drinks market of ‘premiumisation’ and quality over quantity, an Australian company is challenging the mainstream suppliers with high-quality, organic post-mix. An increasing number of licensed venues around Australia are choosing upmarket options in both food and beverage, to
IRIS OFFLOADS CROWN PARRAMATTA IN $50m DEAL
Iris Capital has nailed another development play, selling its DA-approved Crown Hotel in Parramatta to Coronation Property, in a transaction worth $50 million. Iris bought Crown Parramatta mid-2014, with principal Sam Arnaout negotiating the deal himself with vendor Rod Salmon
TANKERVILLE ARMS HEADS TO RARE VICTORIAN AUCTION
Fitzroy’s thumping Tankerville Arms Hotel is to be sold via auction, with price expectation exceeding $20 million. The Tankerville sits on 1,087sqm on the prominent corner of Nicholson and Johnston Streets Fitzroy, just two kilometres from the heart of Melbourne.
VICTORIA FLAGS NEW TAX RATE, SCALED PRICING AND CASHLESS GAMING IN PUBS
Victoria is undergoing broad changes to regulations around gaming machines, bringing scaled entitlement pricing and tax rates, and consideration of cashless betting in pubs and clubs. As part of an overall review ahead of the expiry of the current leases
BIG NORTH NOWRA PUB SELLS FOR $12m
Sydney publican Mark Duggan has teamed with Gary O’Donnell to secure the large-format North Nowra Tavern for close to $12 million. Duggan operates Burwood’s Avondale Hotel, and O’Donnell brings local knowledge, having formerly run Nowra’s Archer Hotel, before selling it
