The Kospetas family’s Universal Hotels has secured Riversdale’s iconic Kinselas Hotel, stepping up its strategy around embedding modern hospitality in historic settings. Rumours the three-level landmark at Oxford Street’s Taylor Square was on the market began late last year, even before the Marlborough Hotel was officially listed, and before the surprise sale of three Riversdale […]
RIVERSDALE’S KINSELAS – SALE WITH UNIVERSAL APPEAL Read More »
One of the outback’s famous curiosity pubs – just 17 hours north of Adelaide – has hit the market, with an asking price of $1.2 million. The Mungerannie Hotel is the stuff of legends, comprising a pub, dining room, accommodation, camp amenities and campground, a large manager’s home and workshop, on 11.2 hectares littered with
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John Singleton, Geoff Dixon and Mark Carnegie with a $300m kitty looking to find returns in
The feeding frenzy of Lantern’s pub sell-down has ended with the sale of the Crown Hotel to Damian Kelly’s Peak Investments for $26.1 million. The ASX-listed Lantern Hotel Group (LTN) has executed a well-publicised and highly strategic divestment program of 16 assets that began as a debt rescue mission in late 2015, and gaining momentum
Preceding its final sale campaign announcement, Lantern has revealed divestment of the last asset in its portfolio, Sydenham’s General Gordon Hotel, for a super-premium $18.1 million. The General has bypassed a public sale process and been bought by an unnamed Sydney publican, in conjunction with property operation White & Partners. The listed Lantern Hotel Group’s
Making the most of a booming market, Singleton, Dixon and Carnegie’s Australian Pub Fund and Riversdale have officially listed the large-format Marlborough Hotel. Maintaining their M.O. of business mixed with flare and media management, the high-flying names behind the Australian Pub Fund (APF) have set about finding the return on their pub investments with the
SINGO AND DIXON’S MARLBOROUGH HOTEL SALE NOW CONFIRMED Read More »
Continuing its run of blockbuster sales capping 2016, Lantern Hotel Group has listed its second-last, landmark Surry Hills corner pub, the Crown Hotel. The ASX-listed Lantern has all but completed the strategic sell-off of its entire pub portfolio, executing a faultless divestment program since gaining shareholder approval to do so last October. What began in
Australian Pub Fund, owner of the Riversdale pubs, has divested three key assets for $48 million in the dying days of 2016 – all to top operators keen to further build on the successes. Australian Pub Fund (APF) is the $300 million vehicle owned by high-flying businessmen Geoff Dixon, John Singleton and Mark Carnegie. The
YEAR ENDS WITH A BANG AS THREE RIVERSDALE PUBS EXCHANGED Read More »
Consolidating a footprint in Darlinghurst, Sam Arnaout’s Iris Group has secured the freehold going concern of the quirky Gaslight Hotel – immediately behind the recently acquired Colombian. The four-level Gaslight fronts Crown Street on the corner of Little Oxford St, sharing its northern wall with the popular Colombian Hotel on the corner of Crown and
Another Sydney buyer has bought the very large-format Acacia Ridge Hotel for a top-tier sum from Sydney-based Peter Calligeros and partner Steve Farley. Billed as one of Queensland’s biggest hotels, the Acacia occupies 18,450 m² with development potential, on busy Beaudesert Road. The south-west region of Brisbane is experiencing unprecedented growth, including the upcoming $600
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