Dan O’Hara and his gun chef(s) are about to revamp Parramatta’s Collector Hotel, after taking the keys this week. The Collector resides in a Western Sydney University building, in booming Parramatta. The leasehold business boasts the unusual benefit of retaining its 24-hour licence and 30 EGMs, in one of the country’s strongest gaming LGAs. It […]
St Kilda’s famous Hotel Barkly has been sold – for the second time in six months – to new publicans, the owners of the backpacker business upstairs. The popular Hotel Barkly came to market mid-2016, with long-standing operator Simon Lennox offering up the trendy pub with multiple bars, as well as 11 boutique hotel rooms
HOTEL BARKLY SOLD – FOR SECOND TIME IN SIX MONTHS Read More »
Looking to Victoria’s uber-hot investment market, the big block Marine Hotel freehold has returned to sale. In April 2016, automotive entrepreneur Bobby Zagame sold the freehold investment of the Marine to a private investor for a cool $13 million, representing a tight 3.86 per cent yield. As hotel sites around the country – particularly the
BRIGHTON BEACH PUB INVESTMENT TIPPED TO ROCK MARKET AGAIN Read More »
The ASX-listed Lantern Hotel Group recently completed a very public exit from the hotel game. PubTIC spoke with CEO John Osborne about the Group’s problems, the subsequent solution, and those jaw-dropping premiums to book value. Emerging from a failed pub REIT created by finance giant ING, Lantern became an owner-operator, with around two-dozen pubs and
After more than three decades building a tropical utopia, the O’Neill family is parting with its huge-format Airlie Beach Hotel on the beach. Located 1,000 kilometres north of Brisbane and nearly 300 south-east of Townsville, Airlie Beach is in the heart of Great Barrier Reef paradise, and overlooks Hamilton Island. The prominent Hotel occupies nearly
The purveyors of good time are divesting their newly renovated West Village pub and accommodation in Sydney’s inner west. Well known publican Locky Paech and business partner Dr James Bodel are GoodTime Hospitality. The group has owned and operated the hotel under management for less than three years, purchasing the White Cockatoo through CBRE in
Listed landlord HPI is making hay in the Sunshine state, offering up two of its Coles-tenanted pub freehold investments. Capitalising on the continued bullish market conditions, HPI (Hotel Property Investments) has listed the freehold of its Hotel Allen in Townsville, and Grafton Hotel in Cairns. Both are operated by blue-chip tenant Coles’ Spirit Hotels, which
HPI OFFERS UP COLES TENANTED HOT PROPERTY INVESTMENTS Read More »
The Town & Country Pubs group is packing up its two remaining pubs, listing its coastal Queens and Tandara Hotels. Queensland-based Town & Country (T&C) is one part of a wider entity that is looking to build a portfolio of capital city pubs, and recognises it doesn’t have the resources to accommodate regional locals. The
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected to pique investors, developers and hoteliers looking for the next big thing. The Tavern and
The exquisite Mardo’s Hotel is up for grabs, as Nic ‘Mardo’ Mardling passes the custodial mantle with plans to train chefs elsewhere. The hotel on the corner of Crockford and Raglan Streets in Port Melbourne, was constructed circa 1860, and known for more than a hundred years as the Fountain Inn. In the 1970s it
PORT MELBOURNE BEAUTY ON OFFER AS ‘MARDO’ MOVES ON Read More »
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