The nine-digit deal for KKR’s Australian Venue Company to buy the Sand Hill Road portfolio has been put on hold as both groups share in the national pain of pub closures. News emerged early March of the agreement, understood to be north of $100 million, for AVC to take control of eight of Melbourne’s finest […]
Continuing its portfolio tuning, Australian Venue Company has announced acquisition of a Melbourne bier, sport and comedy institution – the European Bier Café. The multi-level venue on Exhibition Street features a bar and function space, Aer rooftop bar, and a basement pizzeria. The menu offers modern Australian pub classics, tapas and pizzas, matched with an
Australian Venue Company (AVC) has pounced on another new venue, remodelling and rebranding the retired Rorkes to become the sophisticated, all-occasion Smith St Social. AVC continues its strategic acquisitions, eyeing long-term prospects for the growing portfolio, backed by New York-based investment firm KKR. In March AVC announced its long-fought venture to take over operations of
Australian Venue Company (AVC) has put money where its mouth is, donating monies from meals and Dine with Heart cocktails throughout May at all its Victorian venues, in support of Sacred Heart Mission. Amongst its charitable works, Sacred Heart Mission connects socially vulnerable people through its Dining Hall, providing hot, hearty and free meals every
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year that Australian Venue Company (AVC), majority owned by American venture capital behemoth Kohlberg Kravis Roberts
The much-rumoured joint venture between Coles’ pub arm and a big operator is close to a deal with KKR’s Australian Venue Company, with the major hurdle fast approaching. Speculation has emerged about a broad change to the fleet of Spirit Hotels, sparked by Coles’ and parent company Wesfarmers’ continued unrest with exposure to poker machines,
The battle of the supermarket pub groups has taken another twist with Wesfarmers’ mooted plans to shed Coles from its portfolio, as Aus Venue Co looks to step up the value of its operations. Eleven years after buying and reviving the national supermarket chain, Wesfarmers has announced plans to divest most or all of Coles,
The acquisitive Australian Venue Company is extending its working relationship with the O’Brien family, taking on the lease at the Prince Alfred Hotel in Richmond’s bustling Church Street. Australian Venue Company (AVC) – formerly Dixon Hospitality – is on a path to build a billion-dollar portfolio with view to a float of the portfolio, backed
AVC CONTINUES GROWTH VIA O’BRIENS AND PRINCE ALFRED HOTEL Read More »
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