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 […]
Gallagher Hotels has offloaded the gaming-focused Triple 8 Hotel in Chinatown to the ever-active Oscars Hotels. Patrick Gallagher bought the operation with a seven-year lease in 2015 from Iris Group for circa $7.25 million, representing the two businesses’ fifth asset transfer, and not their last. Located in Dixon Street Mall, the Triple 8 is within
Gallagher Hotel Group has welcomed another Sydney north shore pub into the fold, picking up title to Chatswood’s Chelsea Hotel from Solotel for circa $20 million. The Chelsea is a modest local pub on the western side of Chatswood station, away from Chatswood Chase Shopping Centre, but also any immediate competition. The two-level Chelsea occupies
Jason Teague and partner have listed their pub in Sydney’s north, weighing investment or divestment on the main street long lease. Teague is a career publican who grew up in Sydney’s inner-west, starting behind the bar at the Summer Hill Hotel, and doing a ten-year stretch as licensee living onsite at Mansions in Kings Cross,
The Thompson family has listed its newly refurbished Moorooka pub, the Red Lion, in Brisbane’s booming south. The Red Lion occupies a prominent corner block on bustling Beaudesert Road, around nine kilometres from the Brisbane CBD. Simon Thompson and partners bought the pub late 2014 and executed a complete makeover, encompassing the bar, lounge bar,
Australia’s most prominent gaming group has taken another step toward IPO aspirations with a return to Wattle Grove and acquisition from the Malouf family. In 2010 Hedley Leisure – the ancestral base of Redcape Hotel Group – sold the western Sydney Wattle Grove Hotel tenanted by National Leisure & Gaming (NLG) to the Maloufs for
One of Brisbane’s oldest and most iconic pubs has sold for the first time in 95 years to Colin Macleod’s expanding Oz Pub Group. The Boundary Hotel has stood on the corner of Boundary Rd and Jane St in Brisbane’s West End since 1864 on an ample 1,924sqm block. The lare-format two-storey brick pub offers
This week Moelis – new owner of Redcape Hotel Group – announced nearly $100 million in acquisitions into the portfolio ahead of a big capital raising and its potential re-listing. Redcape Hotel Group (RHG) already operates top gaming pub the Cabramatta Inn, and has executed a $45 million purchase of the freehold from the Bowden
After some speculation, Merivale has confirmed its acquisition of the famed Royal Hotel at Bondi. The Royal is a Bondi Road institution, and part of local folklore. It saw the founding meeting of the historic Bondi Surf Bathers Life Saving Club in 1907, and in 1966 hosted a scene from the kitsch Australian cinema classic
The freehold interest of the Royal Hotel in Sunbury has come to market, with a coveted lease to Australia’s biggest publican, ALH, and land bank just forty kilometres from the CBD. The Royal Hotel is triple-net leased to Australian Leisure & Hospitality (ALH) for 51 years including options, drawing annual rent around $367k, with built-in
ROYAL HOTEL SUNBURY INVESTMENT WITH 51-YEAR LEASE TO ALH Read More »
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