CBRE Hotels

PELATHON PARTS WITH OVERHAULED ORANA

Posted on August 2nd, 2017 by Clyde Mooney
After a top-to-bottom turnaround and just a year’s ownership, Pelathon has flipped its re-branded Orana Hotel in Lake Macquarie, ushering in new local veterans. Jaz Mooney’s Pelathon Pub Group (PPG) swooped on the receivership purchase of the flagging New Orana

BIG-TRADING TURVEY TAVERN TO ROCK REGIONAL MARKET

Posted on July 31st, 2017 by Clyde Mooney
The large-format Turvey Tavern has come to market, boasting plenty of opportunity in one of NSW’s strongest regions and regional gaming LGAs. For the past two decades Wagga Wagga’s Turvey has been operated fully under management on behalf of an

HETHERINGTON-MULLINS LIST BIG-FORMAT GUNYAH HOTEL

Posted on July 21st, 2017 by Clyde Mooney
Three league legends have called time and listed their long-held Gunyah Hotel in Lake Macquarie – still building on a recent big renovation. Hetherington brothers Brett and Jason and family have owned the Gunyah with Canberra Raiders’ Brett Mullins and

THESPIANS SCORE CARLTON’S TRENDY ASTOR HOTEL, AKA PERCY’S

Posted on July 19th, 2017 by Clyde Mooney
A couple boasting background in the performance arts, education and several Victorian pubs have quietly secured trendy Carlton local the Astor Hotel. Ilona Phyland and Darran Smith have been operating the Astor, the business reflecting Smith’s influence as a professional

MEADOWBROOK TO MARKET AS JAZ GOES NORTH

Posted on July 14th, 2017 by Clyde Mooney
One of Queensland’s Top20 gaming pubs has come to market, as Jaz Mooney’s Middle Head Ventures divests to further big projects in the State’s north. Meadowbrook is a suburb of Logan City, on the M1 mid-way between Brisbane and the

CHINESE DEVELOPER BUYS PARRAS’ PEACHTREE

Posted on July 3rd, 2017 by Clyde Mooney
ASX-listed Chinese developer BHL has entered the Australian pub scene with the purchase of Colin Parras’ Peachtree Hotel Penrith. Boyuan Holdings Limited (ASX: BHL) is a Chinese property development company with growing interests in both residential and commercial development in

MARKET SCORES MERCHANT LANE PUB ON MORNINGTON

Posted on June 28th, 2017 by Clyde Mooney
Mornington’s unique and popular Merchant Lane has hit the market, the pride of Melbourne’s southern peninsula after a ‘no expense spared’ renovation. Merchant Lane is within a retail strip on Main St, Mornington, minutes’ walk from the Foreshore Reserve, which

THIELE OPENS DOOR TO NEW PUB CO

Posted on June 26th, 2017 by Clyde Mooney
The team behind the Open Door Pub Co are back, with ambitious plans and the freehold acquisition of Hardiman’s Hotel in Kensington. Open Door Pub Co (ODPC) was the product of Michael Thiele and Craig Ellison, formed in 2004, furthering

REILLY BUYS THE GOODTIME WEST VILLAGE WHITE COCKATOO

Posted on June 19th, 2017 by Clyde Mooney
Aligning with the arrival of a new Paech, the Goodtime Hospitality boys have divested their West Village Hotel – aka the White Cockatoo – to inner-west publican prophet Ray Reilly. Forming in mid-2014, Locky Paech and James Bodel’s hotel business

BRIGHTON’S MARINE HOTEL SHARPENS YIELDS FURTHER

Posted on June 16th, 2017 by Clyde Mooney
Investment money keeps pouring into the pub sector, with the Marine Hotel Brighton setting another low yield benchmark in Victoria. The freehold interest of the Marine Hotel was sold early 2016 by automotive entrepreneur Bobby Zagame for $13 million, showing