The award-winning Feros Group has sold flagship the Rocksia Hotel to Hall of Famers Bill and Mario Gravanis’ Oscars Hotels for a quick $36 million. Both Chris Feros and the Gravanis brothers were central to the recent AHA NSW Awards for Excellence, where Feros’ new build The Prince took home four Awards including Hotel of […]
Morry Schwartz has divested two big properties in Melbourne’s East End, collecting $92 million for the Adina Hotel, and the city’s oldest pub, the Duke of Wellington, operated by Dixon Group. Publisher and property developer Morris ‘Morry’ Schwartz put the landmark properties to market in October, offering 2 Russell St, site of the recently upgraded
SCHWARTZ REAPS $92m FOR DIXON’S THE DUKE PLUS ADINA Read More »
UPDATE: The historic Water Rat Hotel in South Melbourne has sold, holding a short lease and offering a range of options for the buyer. The two-storey pub was built in 1858 as Druids Hotel on a 314sqm block just three kilometres from the Melbourne CBD, providing 513sqm of floor space with two separate bar areas,
Pelathon is testing the waters in Gladstone – hand-balling its newly acquired Queens Hotel as the mining region begins to gather steam again. Jaz Mooney’s Pelathon Management Group purchased both the Queens Hotel and Tandara Hotel in Sarina in one line from Town & Country Group, settling both in the past week. Sarina is just
Cooke-Beaumont & Partners is executing a sale and leaseback of its big-format hot property the Blazing Stump Hotel. The Blazing Stump is a free-standing single level pub built 1880 in the heart of Wodonga, on the Victoria-NSW border. It is set on a big 5,708sqm block zoned Commercial 2 (C2Z), with an expansive 100-metre frontage
SALE & LEASEBACK FOR COOKE-BEAUMONT AT BLAZING STUMP Read More »
Newcastle’s future Best Pub has finally come to market, as its overseas owner succumbs to pressure to sell. Hotel Delany was built in 1924 in the Inter-War Georgian style, and sits in the middle of Newcastle’s eat street precinct, between the rapidly redeveloping city centre and the massive new $750m East End project, expecting 5,000
A landmark corner pub in North Melbourne comes to market as a freehold vacant possession, the long-serving Aidone family ready to pass the reins for its next historic leg. The two-storey Central Club Hotel sits at the intersection of Victoria and O’Connell Streets, with frontages on three streets. The same family has owned and
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 »
Pelathon has listed its big Oxford Street cornerstone as it continues to shift focus onto big Queensland operations. The four-level Oxford is one of the anchors of Taylor Square – the celebrated heartland of Oxford Street and the LGBTI community. The pub has a befitting reputation for reinvention, first opening in the early 1850s as
Hotelier Julian Gerner is offering up the freehold and development opportunity of Sorrento’s magnificent Continental Hotel – the only four-storey limestone building in the southern hemisphere. Gerner purchased the historic hotel from long-time owners the Di Pietro family in 2015, as well as some adjacent land. Through his company, 6-Degrees, he has secured all approvals
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