The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions up (1.97 per cent). Directors’ valuations during the course of the year saw the book […]
The Victorian Civil and Administrative Tribunal has upheld a ruling by VCGLR to deny ALH the 40 EGMs applied for at the Commercial Hotel, South Morang. Australian Leisure & Hospitality (ALH) had requested the gaming machines for the Commercial, which has none, through the Victorian Commission for Gambling and Liquor Regulation (VCGLR) in 2016. The
ALH has divested the freehold going concern of its Brighton Hotel in Mandurah, a strong auction drawing $3.7m for the former Compass pub. Australian Leisure & Hospitality (ALH) bought up the entire 12-venue portfolio of the failed Compass Group for $86 million in 2011, and has continued operation since on all but one. The Brighton
The supermarket giants have separately listed two Perth pubs, offering owner-operator upside in areas on the rebound. In 2011 ALH, 75 per cent owned by Woolworths, bought the 12-venue portfolio of the failed Compass Group, for $86 million. While it sold the Princes Road Tavern the following year, it has continued operations on all the
COLES & WOOLWORTHS BOTH LIST WA PUB OPPORTUNITIES Read More »
The freehold interest of the Royal Hotel in Sunbury has come to market, with a coveted lease to Australia’s biggest publican, ALH, and land bank just forty kilometres from the CBD. The Royal Hotel is triple-net leased to Australian Leisure & Hospitality (ALH) for 51 years including options, drawing annual rent around $367k, with built-in
ROYAL HOTEL SUNBURY INVESTMENT WITH 51-YEAR LEASE TO ALH Read More »
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
Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans under maverick CEO Brad Banducci. The ASX-listed company (WOW) is battling to combat the diminishing
FULL YEAR RESULTS: INSIGHT ON HOSPITALITY PROPERTY AND PRODUCT Read More »
Charter Hall and Hostplus’ Long WALE REIT has extended its relationship with Australia’s biggest publican, buying three hotels in a sale and leaseback deal worth $23.2 million. Long WALE (Weighted Average Lease Expiry)(ASX: CLW) is managed by Charter Hall Group (ASX: CHC), with its 25+ years’ experience managing property and over $19bn in funds under
As millions of Australians yesterday commemorated the ANZAC tradition and retrospection, there were some licensed venues unaware or unsympathetic to its respectful use. The ANZAC Act of 1921 is specific in not allowing any use of the word in relation to entertainment. “No person may use the word ‘Anzac’, or any word resembling it, in
ANZAC DAY PROMOTIONS AROUND THE COUNTRY DUBBED POOR FORM Read More »
ALH will soon launch a new pub collaboration with Lion, rebranding Daveys Hotel in Frankston as ‘The Cheeky Squire’. Australian Leisure & Hospitality (ALH) is Australia’s biggest publican, and operates over 300 pubs around the country, in every State and Territory except the ACT. In the outer-Melbourne suburb of Frankston, ALH operates both the Daveys
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