ALH PUB SALE SETS NEW BENCHMARK
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
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 AND CHARTER HALL CHARGE INTO FEROS’ TERREY HILLS TAVERN
The formidable partnership of Endeavour Group and Charter Hall have teamed up to buy Chris Feros’ trophy Terrey Hills Tavern for close to $40 million. Last month Endeavour Group (ASX:EDG) completed its exit from the Woolworths empire, and major shareholder
ALH TAKES LANDMARK MANLY HOTEL
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
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
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
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
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
ALH ROLLS OUT ADVANCED CONTACTLESS ORDERING AT ALL VENUES
Australia’s biggest publican, Australian Leisure & Hospitality (ALH), has announced roll-out of pioneering ordering and payment platform me&u across the group’s 330+ venues. ALH reports seeking a best-in-class contactless ordering experience, and following a trial at The Cheeky Squire in
MANAGER WHO STOLE $85k FINDS SYMPATHETIC SENTENCE
A manager caught misappropriating over $85k from an ALH pub has received a sympathetic sentence to her latest conviction, due to serious health concerns. The 37-year-old woman [name withheld] worked at ALH’s Wilsonton Hotel in Toowoomba, with duties including banking
