The Brighton Hotel in Mandurah has kick-started real estate transactions again in Western Australia, selling to a local syndicate and operators as the State’s pubs reopen this week. Mandurah is WA’s largest regional city, found around 70 kilometres south of Perth, with significant population growth expected to continue amid large-scale residential subdivision and development. ALH […]
ALH has divested the freehold going concern of its Brighton Hotel in Mandurah, a strong auction drawing $3.7m for the former Compass pub. Australian Leisure & Hospitality (ALH) bought up the entire 12-venue portfolio of the failed Compass Group for $86 million in 2011, and has continued operation since on all but one. The Brighton
Universal Hotels has boosted its presence in Darlinghurst, acquiring the multi-level Brighton Hotel in the heart of a rebounding Oxford Street. The Brighton has been owned by the same family since 1977, and hit the market in August as its 82-year-old owner looked to retirement. Located on a small 127sqm lot, the four-level brick structure
UNIVERSAL ACQUIRE BRIGHTON HOTEL ON OXFORD ST BOUNCE Read More »
The supermarket giants have separately listed two Perth pubs, offering owner-operator upside in areas on the rebound. In 2011 ALH, 75 per cent owned by Woolworths, bought the 12-venue portfolio of the failed Compass Group, for $86 million. While it sold the Princes Road Tavern the following year, it has continued operations on all the
COLES & WOOLWORTHS BOTH LIST WA PUB OPPORTUNITIES Read More »
After four decades at the helm, the 82-year-old owner of Darlinghurst’s Brighton Hotel is calling it a day and has listed the landmark pub for $8 million. Located on the prominent corner of Oxford and Riley Streets, just two blocks from Taylor Square, the Brighton – aka the Brighton Up Bar – has been owned
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