High-profile hotelier Fraser Short has picked up the acclaimed and rescued Sir George Hotel of Jugiong for $14 million. Vendors on the sale were mother-daughter duo Liz Prater and Kate Hufton, who acquired the dilapidated Hotel in 2015 and undertook a major restoration. Built 1845, Sir George lays claim to being the longest singularly held […]
Harbord hotelier Glenn Piper has signed to take on the long-term lease of Manly’s historic Q Station. Q Station was Australia’s longest continuously operating quarantine station, until its closure as an operational maritime facility in March 1984. It was operated and maintained by the National Parks & Wildlife Service (NWPS) for more than two decades,
The picturesque Flowerdale Hotel is being sold by its acclaimed owner-operators as they prepare to ride off into the sunset. Set on a sprawling 6,753sqm of Whittlesea-Yea Road, the well-known and multi- AHA Vic award-winning country pub is around 80 kilometres outside the capital and a favourite stopping point from Melbourne and surrounding areas. It
A rare opportunity has come to the Victorian market, with sale by the Inge Group of the freehold and business interest of popular Melbourne city-fringe pub the Flying Duck. Located on Bendigo Street in Prahran, the two-level Duck sits on a generous 768sqm lot surrounded by high-density residential. It features public bar, a large beer
Australian Venue Co has divested its leasehold interest in Darling & Co, in Brisbane, to local sweethearts Catchment Brewing Co. Located in the Queensland capital’s affluent suburb of Paddington, the chic bar-restaurant previously incorporated a charter cruise business on the Brisbane River. AVC has been bolstering its Queensland venues with major capex, and as part
Entering the procession of large-format regional operations hitting the market amid surging opportunity, the iconic Sir George Hotel is being offered for sale. Located on the M31, a major travel route between Sydney and Melbourne, and Canberra and Wagga Wagga, Jugiong is 337 kilometres south-west of Sydney and in ideal reach for the hordes of
Jaz Mooney’s Oxford Hotels has executed a sale-and-leaseback at its Grand Hotel, making hay in a hot market ahead of lingering uncertainty. Stronghold Investment Management, based in Brisbane, has paid a reported $13 million for the freehold of the landmark Grand Hotel and neighbouring properties, while Mooney’s operation remains on a 10-year lease agreement. The
Sale of ALH’s Tudor Inn has set a new high water mark for the asset class, as the first in blue chip divestments to dip below a four per cent yield. Set on a big 4,789sqm site on a corner of the Nepean Highway in Cheltenham, 20 kilometres south-east of the Melbourne CBD, the Tudor
Star Hotels’ expansion and diversification continues with purchase of the Central Hotel in Townsville. Steven Shoobridge’s Star Group lays claim to being Queensland’s largest independently owned and operated pub and liquor retail chain. The company moved into hospitality in 1996 with rapid purchase of three venues. In 2009 it rebranded to the Star Group, having
Nightclub operator Famous Four P/L is the new owner of the Foresters Beer & Music Hall, in Collingwood’s latest pub deal. Following Julien Moussi’s Only Hospitality Group purchasing the Robert Burns Hotel in late June, Famous Four has snared the Foresters leasehold interest in Collingwood. The group already operates Melbourne CBD nightclubs Club F4 and
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