Sale frenzy continues around hotels as blue-chip assets, seeing an ALH pub in Brisbane set a new benchmark, as Melbourne’s Zagame family cash in more chips. Culminating its coming to market in July, the Royal Exchange Hotel in Brisbane has been sold by public auction. Occupying a generous 2,453sqm, the Royal has one of the […]
Publican Kim Maloney OAM has listed two freehold assets in Sydney’s CBD, behind and above his St James Hotel, with sources suggesting market expectations circa $60 million. The long-time publican and son of industry legend Cyril Maloney bought the freehold properties in 2006. The St James Hotel is a tenancy occupying the lower three levels
The dynamic Good Beer Company has listed its Surry Hills rocket, the Dove & Olive, ahead of “redefining” its large-format DOG. After developing the Surry Hills pub it purchased mid-2012 into one of Sydney’s most awarded and thriving food & bev destinations, the Good Beer Company (GBC) is divesting the freehold going concern to free
DOVE & OLIVE LISTED AMID GOOD BEER PLANS FOR THE DOG Read More »
Research is predicting 2016 to be another chart-topping year in hotel sales, and agents are gearing up in preparation. More than $3 billion in pub and hotel assets transacted in 2015*, and expectations for that to continue have seen the expansion of dedicated agents to cater to the demand. One of the world’s largest agencies
HOTEL MARKET HEAT BREEDING NEW OPPORTUNITIES AND PLAYERS Read More »
Another ALH plot of gold has come to market, with a private investor offering up the Austral Hotel and adjoining Dan Murphy’s Liquor Barn. Occupying 4,360 m² in the heart of Mackay, the site boasts an exceptionally long 70-year lease to Woolworths to retail liquor and its majority-owned Australian Leisure & Hospitality (ALH) to operate
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. The heritage-listed Federation style building sits quietly on the corner of Harris and John Streets in Pyrmont, and was built in the early 1900s. It was originally named The Cooper’s Arms Inn, but
NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL Read More »
Gold Coast gold mine Melba’s on the Park has sold for a sunny $12.5 million to former Sydney publican Bob El’s Leda Holdings. Vendor George Fleming had owned the Gold Coast institution for several years, and executed a massive reinvigoration that brought about huge increases in the business, including a 245 per cent increase in
GOLD COAST LANDMARK PUB SELLS AMID ‘TRADING UPLIFT’ Read More »
Australia’s most dynamic pub real estate investment trust is offloading one of its prime Coles-tenanted assets while the investor market runs hot. Hotel Property Investments (HPI) is the ASX-listed REIT (Real Estate Investment Trust) that was spun out of the former Redcape portfolio in late 2013. HPI currently holds 44 properties across Queensland and South
A Sydney publican is divesting his booming Surfer’s Paradise pub, as Queensland hotel assets greet a thirsty 2016 market. George Fleming has owned Melba’s on the Park for a number of years, and following its massive reinvigoration has determined to test the market for the top-performing tourist town hotel. Located just off the Gold Coast
As the Sunshine State property market continues to heat up, the popular Surfair Beach Hotel is testing the waters. Like the other eastern States, Queensland is experiencing major development, particularly in areas that benefit from the booming tourism industry and low Australian dollar. Amid the opportunity, sources told PubTIC the private local owner of Marcoola’s
SURFAIR’S UP AS SUNSHINE PROPERTY GROWTH CONTINUES Read More »
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