IRIS OFFLOADS TOP GAMING PUB & DEVELOPMENT
In a year peppered by top-dollar transactions, Iris Group has executed one of the biggest gaming pub sales with the Oxford Hotel. The landmark Drummoyne hotel and adjacent retail property have sold for around $34 million in a clear indication
URBAN PURVEYOR GROUP SELLS FOR $200m TO PRIVATE EQUITY
Funds manager Quadrant Private Equity has gobbled up Urban Purveyor Group for a cool $200 million, with plans for rapid expansion. UPG comprises 11 Bavarian Bier Cafes, as well as Ananas Brasserie and The Cut bar & grill in The
HERITAGE HOTEL SELLS IN STRONG AUCTION
The auction of one of Rockhampton’s most beloved hotels has achieved a “good result”, with locals triumphing over a room of registered bidders. The hammer fell in Brisbane’s Eagle Street auction house this morning, ushering new owners to the historic
MERIVALE BRINGS FASHION & STYLE TO NEW WHISKY BAR
Justin Hemmes’ Merivale masterpiece rolls on, with a first class whisky bar and tribute to the group’s fashion roots throwing the doors open Wednesday. Swathed in everything imaginable to enhance a whisky experience, J&M is a tribute to the late,
MORE SUITORS TO PRIZED REDCAPE PORTFOLIO
The looming presence of the partnership between Moelis & Co and hotelier Nelson Meers has stepped into the light, with the entity disclosing a play at the prized Redcape portfolio. Purchased in a fire-sale situation by New York hedge funds
DE ANGELIS SPURNED BY WOWSERS IN DEVELOPMENT-HUNGRY LIVERPOOL
Prominent Sydney hotelier Peter De Angelis is fighting to overcome an emotion-driven backlash against a new pub development in the booming Liverpool LGA. De Angelis Hotel Investments (DHI) recently submitted the second Development Application for the Fontainebleau Motor Inn site
CUB LAUNCHES ‘PUB PLANE’ TO CHAMPION DRAUGHT AND PUBS
Carlton & United Breweries is championing the pub with a national pub tour for lucky patrons, aboard the Carlton Draught custom jet. The Carlton Draught Pub Plane launched in a high-profile event in Melbourne today, taking guests on an exclusive
QUEENSLAND LABOR ATTACKS WITH SECOND DRAFT OF LOCKOUT LAWS
The Palazczuk Government has announced a diluted package and extended timeframe on the introduction of controversial restrictions to Queensland venues. Forced to re-think the proposals after public denunciation by key independents the minority Labor Government needs to pass the measures
FIRE SCORCHES POST OFFICE TURNED PUB
A fire has destroyed a level of a Fiztroy pub, but early reports are it will be back. The fire, on Saturday morning, reportedly started in the Pinnacle Hotel’s lower-ground level, with a spokesperson for the Metropolitan Fire Brigade suggesting
NEW CRAFT BEER PISSES OFF LGBTI COMMUNITY
Acclaimed Scottish craft brewery BrewDog may have missed the market with a new beer engineered to sympathise with and appeal to the transgender community. Last week it released its ‘No Label’ Kolsch, citing its use of a variety of hops