ALH

CHARTER HALL & HOSTPLUS’ $1.7BN DEAL FOR ALE

Posted on September 22nd, 2021 by Clyde Mooney
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the

ENDEAVOUR RELEASES FIRST FINANCIALS

Posted on August 27th, 2021 by Clyde Mooney
Australia’s largest drinks and hospitality business, the recently listed Endeavour Group (ASX:EDV), has announced its first end of financial year results, finding a less than positive reaction. After splitting from parent company Woolworths (ASX:WOW) in June, Endeavour hit the open

ALH PUB SALE SETS NEW BENCHMARK

Posted on August 18th, 2021 by Clyde Mooney
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner

BLUE-CHIP SALES TIGHTENING YIELDS

Posted on August 13th, 2021 by Clyde Mooney
Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has

ALH TAKES LANDMARK MANLY HOTEL

Posted on July 16th, 2021 by Clyde Mooney
Australian Leisure & Hospitality (ALH) has charged into acquisition mode, taking the keys to the long-serving McDonald family’s Brisbane beachside landmark, the Manly Hotel. The two-storey brick pub on the corner of Cambridge Parade and Stratton Terrace, just a block

ALH’S ROYAL EXCHANGE IN BRISBANE ON THE MARKET

Posted on July 9th, 2021 by Clyde Mooney
ALH’s famed Royal Exchange Hotel in Brisbane’s Toowong has come up for sale, offering investors a trophy asset on an A-grade lease for the next 47 years. Occupying 2,453sqm in the river suburb of Toowong, the Royal is known to

ALH ENTERING NEW ERA OF EXPANSION

Posted on June 23rd, 2021 by Clyde Mooney
On the eve of its debut on the ASX and uncoupling from Woolworths, ALH is looking to let loose the cheque book to secure further acquisitions and market share in accommodation. Billionaire major shareholder Bruce Mathieson has said “people will

ALH CUT LOOSE AS ALE BACKS OFF

Posted on June 21st, 2021 by Clyde Mooney
Australia’s largest publican is set to go it alone, as shareholders approve the demerger of Endeavour and ALE quietly divests more of the coveted ALH freeholds. On Friday 360k Woolworths shareholders overwhelmingly approved the spin-off of Endeavour Group from the

AVC HALTS IPO AND ALH KICKS OFF

Posted on May 10th, 2021 by Clyde Mooney
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to