Ferrier Hodgson has issued a warning that pub rents in some states are headed for a “revision” as changing environments and uncertain property prices continue. David Kidman, Ferrier Hodgson (F-H) director in South Australia, posted a review of the sector at the conclusion of 2018 forecasting that “Rent revision looms for local landlords”. The advisory […]
REVISION ‘LOOMS’ ON VALUES AND RENTS: FERRIER-HODGSON Read More »
The embattled Tattersalls Hotel at Lithgow is set to soar again, after a lengthy legal battle, receivership and auction sees a new start for a familiar face. The freehold title of the pub was bought nearly ten years ago, occupied by a tenant paying unrealistic rent, who soon broke the lease on the basis the
Against the trend in a booming industry, the receiver sale of Lithgow’s Tattersalls Hotel has emerged, the neglected property and stalled business heading to auction. The freehold of the Tattersalls was bought around a decade ago by the incumbent, offering a strong yield based on unrealistic rent from the tenant. Settlement was swiftly followed by
Ferrier Hodgson has released its Hospitality Insights report for 2017, observing the drivers and trends in an industry it notes is more competitive than ever. Hospitality Insights discusses a broad range of aspects affecting hospitality businesses, such as trends in revenue leaders, the advent of technology, and the continued importance of gaming. In the era
FERRIER HODGSON RELEASES HOSPITALITY INSIGHTS 2017 Read More »
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 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
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 Sydney’s best-known hospitality operators has seen receivers called in to “pursue a sale process” after financial strain and lockout laws took too high a toll. The Keystone Group (TKSG) was formed in 2000 around well-run good-time food & bev venues, with founding partners stemming from several existing pub dynasties. Around two years ago
Ferrier Hodgson has issued commentary on the state of play in gaming, pondering what effect online and mobile gaming will have on venue values. The advent of ‘smart’ technology in phones and tablets has produced an incredible array of digital products to entertain users, including both traditional ‘games’ and gambling applications. A specialist in restructuring
GAMING AT RECORD VALUE – FOR NOW: FERRIER HODGSON Read More »
Adelaide’s historic Maylands Hotel has gone into receivership, with specifics yet to be announced. Receivers Ferrier Hodgson have been appointed to manage the freehold going concern sale of the property on behalf of owner Ray Aoukar. The classic two-storey pub, with full frontal balcony, was built in the 1880s around the time of the city’s
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