Chris Cornforth and Fraser Haughton’s unlisted pub fund Harvest Hotels continues to expand its regional footprint, through acquisition of the Milestone Hotel in Dubbo from the Blair family. Built 1881 on a corner site in the heart of the Dubbo CBD, the classic heritage-listed Hotel is a welcoming local, offering public bar, bistro, gaming facilities […]
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s south west, 27 kilometres from the CBD, and comprises an integrated complex across a large
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast earlier this year, and Tattersalls in Penrith last year. They had recently completed an extensive
The Hindmarsh family are looking to leave their beloved Criterion Hotel Gundagai, putting it to market amid the boom for strong regional pubs. Conveniently located around halfway between the capitals, Melbourne and Sydney, Gundagai is a NSW landmark of close to 4,000 people, known for its iconic ‘Dog on the Tucker Box’ statue and song
A posse of publicans led by Newcastle-based Nicholas Quinn have purchased both the freehold going concern of Taree’s Royal Hotel and passive freehold of the nearby Australian Hotel in Wingham. The Royal Taree is a classic regional watering hole, offering a quality bar operation and beer garden with stunning views over Manning River, gaming room
There’s more fresh blood into Bathurst courtesy of the second sale in a week, in the freehold going concern of the big Elephant & Castle Hotel. The Elephant sprawls across its generous 1,067sqm corner block, providing a public bar, commercial kitchen and bistro, beer garden, gaming room with three EGMs, and a previously well-patronised nightclub,
Australian Venue Co has continued its rebound strategy, taking Fitzroy institution Bimbo from Colonial Leisure. The ‘Bimbo’ of Melbourne has been serving its famous low-cost pizzas and providing late-night entertainment courtesy of its 3am licence to an eclectic mix of patrons for many years. Like all pubs in Australia, Bimbo closed in March 2020, but
Justin Hemmes’ Merivale has acquired its first venue outside Sydney – the Quarterdeck, in “second home” Narooma. Perched on the shores of Forsters Bay, The Quarterdeck is an institution of the Eurobodalla community, as seen in its foreshore having been classified as a precinct of historical significance. The site where the Quarterdeck stands was originally
The freehold of AVC’s Leopold Hotel and adjoining First Choice liquor market is on offer, as blue-ribbon hotel investments continue to attract investors from in- and outside the industry. The 1907-built Leopold Hotel is located in the riverside suburb of Bicton, in south-west Perth, on the banks of the mighty Swan. It occupies a prominent
Oscars Hotels has sold the once infamous Plantation Hotel for around $10 million to a Sydney publican and new entrant to the industry. The large-format Plantation occupies a prominent 3,000sqm lot in Coffs Harbour, providing an oversized bar with multiple service points, popular bistro, gaming room with 15 machines and attractive beer garden all under
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