Local hotelier Simon Paterson is putting up the development opportunity of and around his high-performing pub, in booming Blacktown. The Town Tavern of Blacktown is a strong suburban business, listed in the Top100 of the Liquor & Gaming hierarchy of NSW pubs. Leveraging his lease on the Tavern, Paterson engineered options to purchase eight adjacent […]
Hot Gold Coast property One50 Tavern has hit the market, boasting blue sky horizons and waterfront views. One50 was built in the 80s under a hotel licence. In the early noughties it became the Surfers Rowers Club site, which later went into receivership. The current owners picked up the receiver sale for circa $5 million,
Julian Gerner has found a good outcome with sale of his troubled Continental Hotel, with a buyer looking to resume restoration and development works immediately. Career hotelier Gerner bought into the Continental – aka the Conti – back in 2015. The Hotel is a striking icon of Sorrento, built in 1875, towering four-storeys of limestone
GERNER GONE FROM SORRENTO’S TROUBLED CONTINENTAL Read More »
The future of Sorrento’s majestic Continental Hotel is in the wind with the property reluctantly returning to market as developer Stellar winds up. Hotelier Julian Gerner moved to Sorrento, on the Mornington Peninsula, in 2013, with his wife, to start a family. He already boasted a half-dozen heritage hotel projects under his belt, and purchased
Popular Darwin hotel Rorkes is looking for a new operator, offering a new lease in a multi-million-dollar fit-out in Australia’s northern-most capital. The establishment at 22 Smith Street, in Darwin’s CBD, is a landmark heritage building that underwent a major redevelopment in 2015, converting it into one of the city’s most exclusive entertainment venues –
Townsville icon Molly Malones has been bought by north Queensland group Zeller Investments. Built 1901 as the Tattersalls Hotel, the heritage-listed two-storey brick corner pub was reinvented as the Irish-themed Molly Malones back in 1999. It offers a craft beer lounge, beer garden, function space, commercial kitchen and bistro, and a nightclub, but no gaming.
The freehold interest of St Kilda’s The Saint has come to market, leased to The Saint Brewing with strong opportunities in the bayside precinct. The handsome two-storey sandstone and steel hotel occupies a 496sqm block on Fitzroy Street St Kilda just blocks from the beach, and surrounded by ongoing development and market interest, including Sand
The Royal Hotel of Condobolin has come to market, after 20 years’ ownership by local legend Paul “Blue” Reardon. The Reardon family have occupied Condobolin for over 60 years and become pillars of the community, with business ventures in farming, stock and station agency, development and hospitality. Although the Royal itself is well established and reports
Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of the eastern suburbs, and one of Sydney’s “irreplaceable” oceanside pubs. Iris executed an extensive renovation
Sam Arnaout’s Iris Capital has listed the freehold of its iconic Clovelly Hotel, armed with a 20-year lease to Bruce Solomon & Matt Moran’s Morsol. Iris has held the Clovelly since 2008, and executed a huge redevelopment in 2012, bringing multiple bars and function spaces. Last October Iris put the Hotel to market, offering $9.1m
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