Yet another of the State’s top gaming pubs has sold in another show of force for the pub and gaming industries. John Feros’ JDA Hotels has grabbed Mascot’s Tennyson Hotel for around $27 million as the national pub market continues to sizzle. Listed in OLGR’s most recent report as #94 gaming pub in NSW, the […]
In the context of a watershed year in commercial real estate, the White Group has held its inaugural Connect conference and awards, and praised the “unprecedented” results seen by Ray White Hotels Australia. The sold-out Connect brought together seven group conferences across four divisions for the Group’s “most ambitious event” ever, showcasing guest speakers and
The Bayfield family has swooped on Paddington’s Light Brigade to launch “a new chapter” in their already long pub history. After eight years at the helm outgoing owner Dean Haritos has divested the freehold going concern citing other interests, in a deal sources say was worth around $9 million. For the incoming, it represents the
One of the North Shore’s best-known pubs has sold in a surprise deal that was a case of ‘an offer they couldn’t refuse’. Just 15 months after purchasing it for $13 million, Halcyon Group has divested the landmark Buena Vista Hotel in the upmarket Sydney suburb of Mosman to a brand new hotel operation –
NEW PUB GROUP TEMPTS HALCYON INTO UNEXPECTED SALE Read More »
Two big gaming pubs in Sydney’s west have hit the market as the Feros Group ‘swaps opportunities’. Operating five large format pubs, the family-run Feros Group has honed in on successes in foodservice, these days plating up over 15,000 mains every week. Speaking exclusively with PubTIC, CEO Chris Feros explained they have put the Panania
TWIN GAMING PUBS FOR SALE AS ‘OPPORTUNITY BECKONS’ Read More »
One of the best-known pubs in Sydney’s Paddington has hit the market, as development in the area and market conditions prove irresistible. Speaking with PubTIC, long-time operator of the Light Brigade Hotel, Dean Haritos, said the temptation to test the market was largely prompted by his increasingly diverse business interests. “I’ve had a number of
LIGHT BRIGADE HITS MARKET RUNNING AMID BIG POTENTIAL Read More »
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age 22. In 1988 he was awarded Life Membership. He was selected for the NSW Blues
Two mining town pubs have hit the market, with ‘goldmine’ potential amid development in the area. The freehold going concerns of the Denison Hotel and Merinda Village Hotel in the Bowen region are both due to be auctioned on May 15. Both boast attractive features and potential and have benefited from significant spit n’ polish
The pub investment market around the country is running hot, attracting plenty of offers from owners hoping to sell for top dollar. A freehold in South-East Queensland, around 65 kilometres West of Brisbane, has come on the market with a $6.2 million price tag boasting an inviting property investment yield around eight per cent. The
QUEENSLAND PUB MARKET SEES MORE TOES IN THE WATER Read More »
A partnership split has brought Port Kembla’s Steelworks Hotel back on the market, with a fresh refurb and definite upside. Last sold in November 2013, the 1912 hotel originally named the Great Eastern is described by Wollongong City Council heritage documents as “an imposing landmark of the area, dating back to the beginnings of the
PORT KEMBLA “LANDMARK” PUB BACK IN THE WORKS FOR BUYERS Read More »
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