The original ALH listed landlord tips a “positive” future amid higher profit distribution and continued “operating profitability” across much of its pub portfolio. ALE Property Group last week released its Annual Review, Annual Report and Property Compendium 2015, detailing finances emanating from the 86 pubs it owns and leases to the ever-strengthening Woolworths-backed Australian Leisure […]
Australia’s biggest publican has won the right to invest in the future of Queensland hospitality, with a massive overhaul approved for its historic Toowoomba pub. After lodging an application for a ‘material change of use of premises and land’ in February, Toowoomba Council sought advice and this week ruled in favour of Australian Leisure &
A hotel built in 1968 is finally free to be redeveloped after a bizarre battle to protect it under a heritage order. Languishing on an enormous 45,000 square metre block on the outskirts of Melbourne, the hotel was designed by architects Jorgensen and Hough to embrace the sweeping reforms to the Liquor Act of 1968.
Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and Victoria – mostly leased to ALH. The Seaford Hotel and Royal Hotel in Melbourne suburbs
Police in the Victorian region of Hume are working with licensed venues to tackle a spate of alcohol-related violence on the streets of Sunbury. The problems have centred around the Royal Hotel, situated in the centre of town on the corner of Evans and Brooks Streets, around the corner from Stairs Nightclub and on the
SUNBURY POLICE AND LICENSEES GET SMART ON VIOLENCE Read More »
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54 freeholds tenanted by the Woolworths-backed ALH, another $200 million was recently raised for LWIP 2
The Laundys have flashed the cash, tempting Medich into the sale of two more ‘big deal’ pubs. In a transaction worth nearly $35 million, the Medich family’s Halcyon Hotel Group has parted with two more jewels from its rapidly shrinking crown, following last month’s surprise divestment. The freehold of the iconic and ALH-tenanted Woolloomooloo Bay
Back after their $600 million grab of ALH-tenanted pubs in September, the Long WALE Investment Partnership is set to buy another $200 million of the blue-chip freeholds. Last year the listed Charter Hall Group teamed up with superannuation giant Hostplus to form the LWIP, each chipping in a lazy $150 million for the entity, which
CHARTER HALL AND HOSTPLUS TO BUY $200m MORE PUBS Read More »
An ALH pub in outer Melbourne has become embroiled in a heritage debate that would appear to contradict the buildings own origins. Built less than 50 years ago in 1968, the Burvale Hotel/Motel is a largely unaltered example of work by architects Jorgensen and Hough that stemmed from the changes in Victorian licensing laws. The
ALH’s 1968-built Burvale Hotel in heritage brouhaha Read More »
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