Australian Venue Co has announced historic Brunswick landmark the Sarah Sands Hotel will re-open to the public this weekend, for the first time in four years. Closed since 2017, AVC took on the dormant pub in late 2019. It has now seen an extensive renovation, circa $3 million, and is ready to resume its role […]
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Australian Venue Co continues its lavish Investment into south-east Queensland, with more acquisitions and two more of two dozen planned renovations underway. The corporate allegiance between Australian Venue Co (AVC) and ASX-listed HPI is representative of the State’s consolidated place in the national marketplace. This week the pair have finalised settlement on two pubs in
The acquisitive Hotel Property Investments has secured six more freeholds leased to Australian Venue Co in continued positivity for the market. The ASX-listed Hotel Property Investments (ASX:HPI) revealed it paid $32.7 million for the six hotel properties, all located in Queensland. Australian Venue Co (AVC) will be granted a new 20-year lease at each, representing
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 its move toward listing yesterday, stopping the formal book-build process planned for this week. The
AVC has continued its unyielding acquisition strategy, picking up two more pubs including the biggest 2021 sale to date in Queensland, in association with listed landlord HPI. Currently working on its book build for an IPO tipped for coming weeks, Australian Venue Co (AVC) has increased the portfolio with its second pub in Yarrawonga, and
Australian Venue Co. has taken the next steps toward its public float, with fund managers this week informing investors the process will look to raise $352 million, while New York financial giants KKR retain their share. American heavyweight KKR secured its first significant stake in the Australian pub sector in late 2016, acquiring the leasehold
After years of rumours and a pandemic delay, Australian Venue Co has finally kicked off its run at the ASX. Australian Venue Co (AVC) has 175 venues across Australia and New Zealand, having aggressively accumulated leasehold sites since 2014. Majority-owned by US private equity giant KKR, AVC is the second-largest hotel operator in the country,
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of patrons for many years. Like all pubs in Australia, Bimbo closed in March 2020, but
Australian Venue Co is breathing new life into the darkened landmark Brunswick pub, the Sarah Sands Hotel, slated to re-open in May. Built 1854, the Sarah Sands Hotel is an institution of Melbourne. In recent years it traded as the Irish-themed Bridie O’Reilly’s, but that closed in 2017. In October 2019 AVC acquired the leasehold
Australian Venue Co has revealed plans to spend north of $50 million revitalising and expanding two-dozen pubs across the Sunshine State, in a major show of faith in the market. AVC already holds 86 pubs in Queensland and sees opportunity in investing in the state’s fast-growing pub landscape. The Victoria-based group has grown rapidly in
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