Australian Venue Company has furthered its strategic expansion with the nine-digit acquisition of eight venues held by Melbourne trailblazers Sand Hill Road. Amid speculation, The Australian published a story in January suggesting KKR (Kohlberg Kravis Roberts), majority stakeholder of Australian Venue Company (AVC), was looking to purchase Sand Hill Road (SHR) businesses including acclaimed St […]
Listed entity HPI has announced a deal renewing the bulk of its leases to Australian Venue Co (AVC) and the partnership with Coles, bringing “confidence” in the future to all parties and the pub sector. Hotel Property Investments (ASX: HPI) launched at the end of 2013, and has accumulated titles to 43 pubs in Queensland
Australian Venue Co. has announced a new addition to its portfolio with purchase of Brunswick’s historic, newfound Sarah Sands Hotel. Located in Melbourne’s eclectic north-side neighbourhood, the Georgian-style Sarah Sands has stood sentry on the corner of Brunswick and Sydney Roads since establishment in 1854. Its moniker comes from the legendary steamship Sarah Sands, which
The acquisitive Australian Venue Company is fine-tuning the portfolio, divesting two of its operations in south Melbourne. The Newmarket Hotel is a classic red brick two-storey structure that offers a nod to the traditional eclectic St Kilda, while “boasting its own urban style” courtesy of a sleek makeover designed by Six Degrees. It offers an
The brand new joint venture between Australian Venue Company and Coles has kicked off further expansion plans with purchase of Open Arms Hospitality’s Brisbane hot-spot Riverland. This marks the first acquisition for the newly-formed Queensland Venue Company (QVC), which sees AVC operating the formerly Coles-held 87 pubs, predominantly located in Queensland. Open Arms took on
Coles’ Spirit Hotels has finally announced its much-anticipated joint venture proposal with Australian Venue Company (AVC), for control of 87 pubs in three states. ASX-listed Coles (ASX: COL), recently de-merged from parent company Wesfarmers, has entered into an incorporated joint venture with a wholly-owned subsidiary of AVC, to be known as Queensland Venue Co (QVC).
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