Ray White

NEW OWNER NEW BEGINNING FOR ENIGMATIC TERMINUS HOTEL

Posted on April 27th, 2016 by Clyde Mooney
One of the most intriguing hotel sales of recent times has concluded, with Pyrmont’s long-vacant Terminus Hotel selling for around $5 million. © 2015 Mark Merton Photography The heritage-listed Federation style building sits quietly on the corner of Harris and

VALLEY PRIZE PORTFOLIO HITS THE MARKET

Posted on April 8th, 2016 by Clyde Mooney
The hospitality prize that includes gastro pub Alfred & Constance and the boutique Limes Hotel has hit the market as their high-flying owner explores new ideas. Entrepreneur Damien Griffiths unleashed his spectacular Fortitude Valley project in 2008, arguably reinventing the

KEYSTONE TO OFFLOAD CARGO IN CHANGE OF TACK

Posted on March 14th, 2016 by Clyde Mooney
Keystone continues its directional shift, with the listing of the iconic Cargo Bar in Darling Harbour. Following unsolicited approaches for the Newtown Hotel, Cargo Bar and its sister venue Bungalow 8, The Keystone Group (TKSG) underwent a strategic review that

INDUSTRY FORUM TO TALK HOSPITALITY FUTURE PLANNING

Posted on March 11th, 2016 by Clyde Mooney
The Drop is hosting an industry lunch next Friday, bringing Australia’s most acclaimed finance guru and a brains trust to discuss trends and pitfalls in gaming and hospitality. The lunch aims to provide guests opportunity for future planning, with access

HIBERNATING PYRMONT PUB COULD AWAKEN AFTER DECADES

Posted on March 9th, 2016 by Clyde Mooney
What could be Sydney’s “most intriguing hotel” has been listed for sale, after laying dormant for 32 years. Located on a prominent corner on what was the last stop on the old tram line out of Sydney, the Terminus Hotel

PUB CHEFS & INDUSTRY CEOs NEED HELP FEEDING HOMELESS

Posted on March 4th, 2016 by Clyde Mooney
Some big names in Australian hospitality will take part in the fifth big year of the OzHarvest drive to increase awareness about homelessness, food security and wastage. Hospitality foodservice businesses are subject to tremendous food wastage, and as such a

PUB BARON LAUNDY ASSUMES $60m CENTRAL COAST CROWNE

Posted on February 26th, 2016 by Clyde Mooney
Australia’s pub baron has pulled a trifecta, snapping up his third Central Coast hotel this month for nearly $60 million. The Crowne Plaza Terrigal is the biggest hotel on the Central Coast, occupying over 9,000 m² of beach frontage. It

SOLOTEL TO OFFLOAD ALBION HOTEL PARRAMATTA

Posted on February 15th, 2016 by Clyde Mooney
Solotel is executing another big-ticket sale and lease-back, divesting the dirt at its Albion Hotel in Parramatta amid booming opportunity. After 30 years owning the generous 3,000 m² block on George St, facing the Parramatta river, Bruce Solomon has put

$50m ACQUISITIONS FOR QUIET NEW PUB GROUP

Posted on December 16th, 2015 by Clyde Mooney
News is emerging of a new pub group with deep pockets, amid the announcement the Waugh family has sold the Banksia Hotel and the Belmore Hotel. [caption id="attachment_4713" align="alignright" width="309"] Image: website[/caption] Quietly entering the industry with the recent purchase

LANTERN SELLS $11m SURRY HILLS DOLPHIN HOTEL

Posted on December 7th, 2015 by Clyde Mooney
Lantern Hotel Group has divested one of its best city assets to a colourful A-lister of Sydney hospitality. In October the ASX-listed Lantern (LTN) announced a portfolio reshuffle, selling three pubs as part of its “strategic review of the business”,