ALH

ALE RECORDS VALUE GROWTH AND TIGHTER YIELDS

Posted on November 18th, 2020 by Clyde Mooney
Following completion of independent valuation and a rent-determination process, ASX-listed ALE Property Group has recorded a $51.6 million gain in the value of its 86-venue portfolio and further support to its case for rental increases. As of 31 October the

ALH PARADISE IN EDEN

Posted on November 2nd, 2020 by Clyde Mooney
Ending a quarter-century in the beer garden of Eden, the Murray family has sold its hospitality portfolio including the Great Southern Hotel to Australian Leisure & Hospitality. The family began business in the town in 1984, going on to acquire

ALH FLAGS PUBS WON’T REOPEN AS ALE CALLS OUT MANAGEMENT

Posted on October 26th, 2020 by Clyde Mooney
Woolworths-backed ALH has flagged not reopening Melbourne pubs under restricted capacity, as landlord ALE drags the group back to court questioning the quality of management at venues. From 2 November licensed venues in Melbourne including pubs will be allowed to

PUB MANAGER SUES ALH FOR $750K

Posted on October 12th, 2020 by Clyde Mooney
A former manager at ALH’s Royal Hotel in Beenleigh is suing the group for around $750,000, claiming their failure to provide safe conditions resulted in her PTSD and ongoing disability. In a statement of claim filed in Beenleigh District Court,

CHARTER HALL INVEST IN ALH’S PARAP

Posted on September 25th, 2020 by Clyde Mooney
Charter Hall’s Long WALE has secured the deeds to ALH’s popular Parap Tavern in Darwin, in a $19.7 million deal and continued show of confidence in the sector. Established in 1937, the Tavern is a community favourite, known for its

ALE SLUMPS ON NEWS BACKING NO RENT INCREASES

Posted on September 21st, 2020 by Clyde Mooney
In a significant development for the increasing discussion around rent for tenants in the aftermath of COVID-19, the ASX-listed ALE Property Group announced it has taken a backward step in its quest for rental increases at many of its ALH-occupied

MATHIESON PREDICTS LONG RECOVERY AS ALH STRUGGLES

Posted on September 7th, 2020 by Clyde Mooney
Pub chieftain Bruce Mathieson predicts a long and bumpy recovery from COVID-19, as Australia’s biggest publican is further hammered by restrictions and shutdowns. In a recent interview with The Australian, Mathieson spoke of grave fears for the economic damage being

WOW PROFIT SLUMP BLAMED ON PUBS

Posted on August 28th, 2020 by Clyde Mooney
ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had

CALLS FOR RENT REVIEWS AMID COMPROMISED TRADING

Posted on August 10th, 2020 by Clyde Mooney
Leading pub operators are calling on landlords for renegotiated conditions in the wake of COVID-19, prompted by the major losses in revenue across the board and second closure period for Melbourne. The call comes as news from research entity Morgan