Charter Hall has continued its confidence in the pub sector with another big acquisition, of the ALH-tenanted Austral Hotel in Mackay for a reported $25 million. Charter Hall began its investment in blue-chip pub assets in 2014, acquiring a $600 million portfolio leased to ALH, in partnership with Hostplus. It has since proven selective of […]
Thumping food-based pub Welcome to Bowen Hills in Brisbane is testing the market, as its Melbourne-based owners tune their interstate business model. The curiously named Welcome to Bowen Hills (WBH) represents the second instalment of the concept by 100 Burgers Group – proprietors of the immensely successful Welcome to Thornbury, ironically in Northcote. Both Bowen
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Back from his hiatus, Peter Braithwaite has taken the plunge into Queensland with purchase of the Willow Hotel turned Red Lion outside Brisbane from the Thompson family. Braithwaite sold the Commercial Hotel Boolaroo mid-2017 after almost a decade of operation, citing “time for something new” and plans for an extended vacation. Simon Thompson and partners
A private investor is offering to market the freehold interest of well-known Richmond pub DT’s. DT’s Hotel, formerly known as Citizen’s Park Hotel, is situated at the busy corner of Church and Highett Streets. It has been a colourful Richmond institution for decades, popular with the city’s LGBTI community. The suburb is one of relentless
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and South Australia, majority tenanted by Cole’s liquor and hospitality arm. HPI engaged JLL Hotels’ Tom
The freehold interest of ALH’s Royal Hotel Sunbury has been sold on a tight return between two pub families. The Royal enjoys a prominent corner in the heart of Sunbury, around 45 minutes’ north-west of Melbourne’s CBD, in a significant growth corridor. The Woolworths-Mathieson controlled ALH Group is 15 years into the original 25-year lease,
Redcape has announced its acquisition of the Colosimos’ Australian Hotel and Brewery for around $50 million, heralding the group’s plans to invest in the “craft and localised beer market”. Marcello Colosimo and family opened the large-format Australian Hotel and Brewery (AHB) in 2010, incorporating a modest commercial brewery under the stewardship of acclaimed brewer Neal
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Long-serving owner-operator Phil Ryan has listed his beloved Eatons Hotel, offering big potential for a fresh set of eyes. Ryan has been running the pub since buying it in 2003, working with his daughter to keep the Muswellbrook Hotel up with demand. After 15 years behind the bar every day, he says he needs a
Local identity and horseracing enthusiast Bill Hilton has sold his twice-built and long-run Quakers Inn for $24 million. Hilton built the large-format Quakers Inn back in 1991, with then business partner Nick Peters. Peters was the face of Peters Meats, and held other hotel interests, going on to sell El Rancho, now The Ranch, to
Redcape has bucked recent trends and sold its suburban heartland pub, the Doonside Hotel. The Doonside occupies a big 7,278sqm town centre site in the western Sydney suburb, around 50 kilometres out of the Sydney CBD. Features include public and lounge bars, TAB, drive-thru bottleshop, beer garden, extensive car parking, and gaming room with 26
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