The battle of the supermarket pub groups has taken another twist with Wesfarmers’ mooted plans to shed Coles from its portfolio, as Aus Venue Co looks to step up the value of its operations. Eleven years after buying and reviving the national supermarket chain, Wesfarmers has announced plans to divest most or all of Coles, …
The Schwartz family has listed two big Melbourne investment properties, including the city’s oldest pub – Dixon Hospitality Group’s Duke of Wellington. Melbourne freeholds continue to lead the charge on yield benchmarks, averaging below six per cent and dipping below three per cent on select properties. Publisher and property developer Morris ‘Morry’ Schwartz has put …
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 »
Just two months after the leasehold business was sold to the booming Dixon Hospitality, Gerry Ryan’s Melbourne pub group is offloading the Newmarket Hotel freehold. Situated on a generous 1,000 m² block in bustling St Kilda, the hotel underwent an extensive refurbishment just three years ago, and is leased to Dixon for the next 25 …
The booming Dixon Hospitality Group (DHG) has exploded, encompassing 17 Melbourne pubs and staff in one of Victoria’s biggest ever transactions. Michael Dixon, founder of the successful Port Phillip Charters, entered the pub game just last year with his purchase of the Wayside Inn. Since that time he has strategically grown the operation through key …
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