ALE TESTS MARKET WITH BERWICK
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,
SCHWARTZ PUTS UP $80m OF MELBOURNE HOTELS
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
TATTERSALLS LITHGOW TO RECEIVER AUCTION
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
ASHEMORGAN EXITS BRISBANE WITH SALE OF DARLING & CO
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
LET’S DANCE AT CARINDA HOTEL MARKS FESTIVAL SEASON
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
CAPTAIN COOK SET TO SALE
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
SAND HILL RD OPENS WATERSIDE
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
BIG AMENDMENTS FOR NSW SMALL BARS
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
CARLTON DRAUGHT ‘46ers’ CAMPAIGN SCREAMS FRESH
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
TURVEY TAVERN BACK IN LOCAL HANDS
The Turvey Tavern is back in the hands of a loving local, a new partnership buying the Wagga landmark for $5.6 million. A syndicate of private investors headed by David Friedlieb and Peter Douglas have owned the pub for around
