Steve Hunt has furthered his pub fund portfolio with the acquisition of the thriving Duke of Wellington in outer Newcastle for around $8.5 million. The Hunt family’s Hunt Hospitality operates a number of successful Newcastle region pubs, such as the CBD and Kent Hotels. Patriarch Steve Hunt has leveraged his operation with part ownership and […]
Pelathon has continued its big plans for expansion, paying $6.25 million for Lantern’s Courthouse Hotel as it completes its exit from the Sunshine State. The Cairns’ Courthouse Hotel is an “institution” in north Queensland. It was the official Court building until 1998, constructed in 1922 as part of a scheme to create employment for returning
After executing diligence, receivers and managers Ferrier Hodgson has today announced the beginning of a block-buster sales campaign for the Keystone portfolio. Expressing a desire to see all The Keystone Group’s venues safely in new hands in time for the “busy summer trade” Ferrier Hodgson’s (FH) Morgan Kelly says they will surgically fine-tune the right
RECEIVERS ANNOUNCE BIG ‘STRATEGIC’ CAMPAIGN ON KEYSTONE PORTFOLIO Read More »
One of Tamworth’s favourite watering holes has hit the market, with the vendor hedging bets on the future of the local landmark. Tamworth has a population around 48,000, and is located mid-way between Sydney and Brisbane. It is home to the annual Tamworth Country Music Festival, which is reputed to be the second-largest in the
ASX-listed Lantern Hotel Group has put to market yet another pub asset, as it restructures its portfolio to focus on core business in the Sydney metro. The Cairns’ Courthouse Hotel is an “institution” in the north Queensland regional city, being the official Court building until 1998 and in 2015 becoming the unofficial home of the
A Chinese investor has snapped up an outer Melbourne hotel-motel as accommodation-based opportunities continue to attract strong interest around the country. The Sunshine Motor Inn has been owner-operated by father and son John and David Swain for the past 20 years. It boasts a public bar, 44 accommodation rooms, Blazed Bar & Grill, a modern
The new board of Lantern Hotel Group has begun its portfolio shake-up, announcing the divestment of three “non-core” assets from its books. The ASX-listed Lantern (LTN) released news yesterday it would be selling three of its 17 pub assets, amid its “strategic review of the business”. Two of the three pubs are freeholds: the Brisbane
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