HTL Property

WRIGHT-YOUNG FINALLY RELINQUISHES THE CAMMY

Posted on January 18th, 2021 by Clyde Mooney
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the

MALOUFS GET SHEARER’S ARMS OVER THE LINE

Posted on December 11th, 2020 by Clyde Mooney
Recognising the industry is back up and running, the new Malouf partnership has cemented the deal on their first Queensland operation in John Murphy and John Cornish’s Shearer’s Arms Hotel. The newly-formed North South Pub Co (NSPC) is Matthew Coorey

IRIS NABS BIGGEST BUY NARWEE HOTEL

Posted on December 7th, 2020 by Clyde Mooney
Iris has executed the biggest sale of the year in the final weeks of 2020, taking the Ryan family’s long-held Narwee Hotel in Sydney’s south. The Narwee Hotel is a multi-storey suburban local on a big 3,370sqm block immediately opposite

KELLY & CO HIT PAYDIRT IN THE HUNTER

Posted on November 27th, 2020 by Clyde Mooney
Ned Kelly and friends have struck again, swooping on the re-stapled Criterion Hotel in the wild Weston growth corridor of the Hunter Valley. The freehold has been owned by Sydney-based Peter Calligeros, owner-operator of Surry Hills’ Trinity Bar and both

HOTEL PROPERTY INVESTMENTS BOOK $63m IN NEW PUBS

Posted on November 23rd, 2020 by Clyde Mooney
ASX-listed pub landlord Hotel Property Investments has entered agreements to acquire three hotel properties, across Queensland and Victoria, for a combined $63.3 million. The hotels are Mango Hill Tavern and First Choice Liquor, 29 kilometres north of the Brisbane CBD,

NEW MOELIS FUND WINS BATTLE INTO COURTHOUSE

Posted on November 20th, 2020 by Clyde Mooney
The post-pandemic purse strings have loosened, with Moelis Australia Hotel Management topping the bidder list for the prized Courthouse Hotel Darlinghurst, sold for the first time in 30 years, for $22 million.  The Courthouse is an icon of the Oxford

WALSH PASSES KEYS IN RIVERINA

Posted on November 2nd, 2020 by Clyde Mooney
Popular local the Riverina Hotel in Wagga Wagga has been sold to an acquisitive Sydney-based hotelier in an off-market post-pandemic transaction that points to the increasing desirability of strong regional assets. The freehold going concern pub offers a public bar,

NEW OFFER IN THE NEW HAMPTON

Posted on October 23rd, 2020 by Clyde Mooney
The premium leasehold interest in the New Hampton Hotel in Kings Cross is being marketed for sale through a public campaign. Located at the western end of Bayswater Road, a stone’s throw from the famous Coke sign, the New Hampton

BALMORAL LIST APPROVED FLAGSTONE TAVERN

Posted on October 9th, 2020 by Clyde Mooney
Balmoral Hospitality Group has put its ready-to-build Flagstone Tavern site on the market, citing greater focus on further opportunities home in NSW. Joel Fisher and Andrew Denmeade’s Balmoral Hospitality Group (BHG) purchased the greenfield project in early 2019, shortly after

THORPE HAT TRICK TO REVIVE THE DUKE

Posted on October 2nd, 2020 by Clyde Mooney
The Duke of Enmore has a new master, with the leasehold interest sold to emerging Sydney operator James Thorpe. The Thorpe brothers took on Darlinghurst beer mecca The Taphouse in 2017. They took their next step into Petersham’s Oxford Tavern