The sleeping beauty Hotel Palisade has been sold again for a hot market top-dollar price, less than two years after it reawakened from eight years closed and two renovations. A hotel was first built on the Millers Point site of the Palisade back in 1880, beside the stake (palisade) fence in the street. The current […]
Cape Bouvard Investments has secured the big Coles-tenanted Waterloo Hotel and block in the downtown heart of Brisbane for $47 million. The historic Waterloo Hotel occupies 991sqm on the very prominent corner of Commercial Road and Ann St in Newstead, surrounded by A-grade commercial and leisure businesses. The Hotel is part of the Waterloo Junction
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Sam Arnaout’s Iris Capital has divested its freehold interest of the Clovelly Hotel for close to $34 million, ending the group’s long history with the beachside pub. Occupying a prominent 1,708sqm overlooking Clovelly Beach, the pub is a landmark of the eastern suburbs, and one of Sydney’s “irreplaceable” oceanside pubs. Iris executed an extensive renovation
Furthering the NSW coastal surge, popular Port Macquarie pub Finnian’s Irish Tavern has come to market. Finnian’s occupies a large 1,223sqm site on the same block as one of Port Macquarie’s largest shopping centres, between a Coles supermarket and a Dan Murphy’s. Established in 1999, Finnian’s reports annual turnover of $4m, incorporating a strong food
Redcape has completed the sale of its very large-format All Seasons Quality Hotel in Bendigo for around $24 million, completing a process begun before Moelis bought the balance of the portfolio in June. Occupying 3.56 hectares on McIvor Highway in Bendigo, around 150 kilometres out of the Melbourne CBD, the All Seasons boasts bar and
Sam Arnaout’s Iris Capital has listed the freehold of its iconic Clovelly Hotel, armed with a 20-year lease to Bruce Solomon & Matt Moran’s Morsol. Iris has held the Clovelly since 2008, and executed a huge redevelopment in 2012, bringing multiple bars and function spaces. Last October Iris put the Hotel to market, offering $9.1m
As Redcape’s destiny continues to be the subject of speculation, the Group has quietly sold one of its inner western Sydney pubs to the Gravanis brothers’ diverse and acquisitive Oscars Hotels. Located on the corner of New Canterbury and Livingstone Roads in Petersham, the Livingstone is a classic locals’ pub, offering rare onsite parking and
Iris and Gallagher Hotels have furthered their history, speaking exclusively of selling each other the Hunters Hill Hotel and Tiger Bar in the biggest pub transaction in years, sources say tops $64 million. Sam Arnaout’s Iris Capital has been behind some very successful pub developments and is likely Australia’s most influential truly integrated development and
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Irish pub king Patrick Gallagher has bought his biggest pub yet – paying $28 million for the Terrigal Hotel and a ‘return to his youth’. Gallagher describes the area around his latest purchase as ‘special’ and recalls family visits “just about every weekend” when he was young(er), but the sale still exemplifies that opportunity waits
Continuing the run of Spirit Hotels blue-chip Queensland freeholds, the big Waterloo Hotel and tower has come to market. The Waterloo Junction complex in Newstead comprises an historic pub and several retail tenancies, plus upmarket commercial office space. It represents a total of 4,634 m² of lettable area over five levels, on a prominent corner
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