As the Lantern sell-down reaches a crescendo, Colin Parras has emerged as buyer of the listed Group’s Ambarvale Hotel, in the Greater Macarthur Priority Growth boomtown. Occupying 7,200 m² in Ambarvale, within Campbelltown LGA, the Hotel is central to a designated growth area slated to see 33,000 new homes in coming years. Lantern’s (LTN) announced […]
The Collector Hotel in Parramatta has come to market boasting lessee assets in the town of opportunity. Parramatta is alive with development activity, hosting the lion’s share of building sites that have seen Sydney leading the record-breaking crane count across the country, rising 23 per cent in the last 12 months alone. The Collector occupies
The high-profile sale of the Keystone portfolio has taken a twist, with creditors KKR helping Dixon Hospitality into a $40m deal for six Sydney venues including Kingsley’s fine-dining restaurant. Despite previous statements denying interest in assets of the beleaguered The Keystone Group (TKSG), which fell into receivership in June after falling foul of debt covenants
DIXON DANCES WITH KKR FOR $40m SLICE OF KEYSTONE Read More »
The sky is the limit as Eastern Suburbs pub royalty comes to market, with Iris testing the waters for its beachside beauty, the Clovelly Hotel. Sam Arnaout’s Iris Capital acquired the Hotel in 2008 and in 2012 performed a major redevelopment and refurbishment of both the site and structure. The new offering included multiple bars
The much-anticipated future of The Keystone Group portfolio remains undetermined, as news emerges of a shrinking short-list and Dixon Hospitality eyeing seven of the 17 venues. After falling foul of financiers, a high-profile campaign for the well-known Keystone portfolio has been conducted through CBRE Hotels by receivers, Ferrier Hodgson (FH). FH’s Morgan Kelly reports Dixon
Amid massive local development, Cairns’ Grand Hotel has hit the market, the Courthouse is being courted by Council, and a new team sign for the Cape York. Occupying 2,035 m² on a prominent corner in the heart of town, the Grand Hotel boasts the popular Croc Bar – a distinctive timber crocodile-shaped bar top and
The Laundys have acquired the large-format Swansea Hotel in Lake Macquarie for an A-grade price of $13 million from the Bernie family. The two-storey Hotel sits on 3,235 m² on the main street of Swansea – the gateway to NSW Central Coast aquatic playground Lake Macquarie, around half an hour’s drive south of Newcastle. It
St Kilda’s popular Elephant & Wheelbarrow has come to market, as long-term owners take the opportunity to concentrate on other pubs. Located near the St Kilda foreshore, the Elephant & Wheelbarrow is a landmark local, on a prominent corner of Fitzroy Street in the popular tourist district. The pub holds a late-trading licence and commercial
Real estate market mania continues to see hot property sent to market, now including operator and developer target, North Brisbane’s large-format Homestead Tavern. Located on a generous 7,550 m² block in beachside Boondall, the vendors have executed regular renovation to ensure it remains relevant and maintains consistent trade. Based around a large central bar, the
Hotel Kempsey has joined the ranks of hot property coastal pubs to change hands, with a local expanding publican beating out the metropolitan groups. The family of Peter Gravillis listed the popular local in June, after nearly 30 years owning the 1880s pub, dubbed all about the “Heritage and Hospitality”. Located on the Belgrave Street
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