Pub

MERIVALE TAKES ANOTHER HEART OF THE EASTERN SUBURBS

Posted on November 22nd, 2017 by Clyde Mooney
The march of Merivale continues with another prominent acquisition, the group picking up Halcyon’s Hotel Centennial on Oxford Street, Woollahra. The Centennial is a landmark two-storey pub built in 1888 on a 780sqm block, opposite Centennial Park, making it proximate

NSW 2017 AWARDS FOR EXCELLENCE

Posted on November 22nd, 2017 by Clyde Mooney
Around 1200 of the industry’s elite gathered last night at The Star to celebrate the Australian Hotels Association NSW’s night of Excellence. Germane to the ongoing strength of the hotel sector, the 2017 Awards for Excellence featured more than 600

SCHWARTZ REAPS $92m FOR DIXON’S THE DUKE PLUS ADINA

Posted on November 22nd, 2017 by Clyde Mooney
Morry Schwartz has divested two big properties in Melbourne’s East End, collecting $92 million for the Adina Hotel, and the city’s oldest pub, the Duke of Wellington, operated by Dixon Group. Publisher and property developer Morris ‘Morry’ Schwartz put the

ILGA TO REVIEW LONG-STANDING ‘NEWCASTLE SOLUTION’

Posted on November 22nd, 2017 by Clyde Mooney
After nine years and industry pressure, the liquor watchdog will be conducting a review into the special conditions on 15 venues known as the ‘Newcastle solution’. The NSW Independent Liquor & Gaming Authority (ILGA) has announced the review and submission

UNIVERSAL ACQUIRE BRIGHTON HOTEL ON OXFORD ST BOUNCE

Posted on November 20th, 2017 by Clyde Mooney
Universal Hotels has boosted its presence in Darlinghurst, acquiring the multi-level Brighton Hotel in the heart of a rebounding Oxford Street. The Brighton has been owned by the same family since 1977, and hit the market in August as its

FATHER & SON PUBLICANS JAILED FOR ARSON

Posted on November 20th, 2017 by Clyde Mooney
The father and son team accused of torching their Ravenswood pub for the insurance money have been convicted and sentenced. A fire on 9 June 2014 destroyed the Junction Hotel, owned by the Jansen family. In the following months, police

MELBOURNE’S ICONIC WATER RAT HOTEL SOLD

Posted on November 20th, 2017 by Clyde Mooney
UPDATE: The historic Water Rat Hotel in South Melbourne has sold, holding a short lease and offering a range of options for the buyer. The two-storey pub was built in 1858 as Druids Hotel on a 314sqm block just three

AUSTRAC INCREASING FOCUS ON MONEY LAUNDERING IN HOTEL SECTOR

Posted on November 20th, 2017 by Clyde Mooney
Recent activity by AUSTRAC (Australia's financial intelligence agency, governing anti-money laundering and counter-terrorism financing) is believed to be part of plans for increased reporting by hospitality operators, says consultant firm Risk Training Australia.   [caption id="attachment_11771" align="alignright" width="138"] Phillippa Lloyd[/caption]

MOELIS GROW REDCAPE WITH 3 BUYS FOR $100m

Posted on November 17th, 2017 by Clyde Mooney
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