Spirit Hotels

COLES AND AVC ANNOUNCE $200m DEAL

Posted on March 6th, 2019 by Clyde Mooney
Coles’ Spirit Hotels has finally announced its much-anticipated joint venture proposal with Australian Venue Company (AVC), for control of 87 pubs in three states. ASX-listed Coles (ASX: COL), recently de-merged from parent company Wesfarmers, has entered into an incorporated joint

COLES & AVC LODGE JV FOR SPIRIT FLEET

Posted on October 26th, 2018 by Clyde Mooney
The long-awaited joint venture between Coles’ Spirit Hotels and KKR’s Australian Venue Company is one step closer, with lodgement of the paperwork this week to Queensland’s Office of Liquor & Gaming Regulation. Rumours have circled for much of this year

HPI DIVEST COLES’ WICKHAM ON TIGHT RETURN

Posted on September 21st, 2018 by Clyde Mooney
Hotel Property Investments has divested its freehold interest in the Coles-tenanted Wickham Hotel in Fortitude Valley on a sharp yield not seen in the state for a decade. The ASX-listed HPI holds in excess of 40 venues in Queensland and

DIXON & KKR’S AVC LOOKING TO LEAP WITH COLES JV

Posted on June 6th, 2018 by Clyde Mooney
The much-rumoured joint venture between Coles’ pub arm and a big operator is close to a deal with KKR’s Australian Venue Company, with the major hurdle fast approaching. Speculation has emerged about a broad change to the fleet of Spirit

WESFARMERS’ WOES COULD BE AUS VENUE CO BOON

Posted on March 19th, 2018 by Clyde Mooney
The battle of the supermarket pub groups has taken another twist with Wesfarmers’ mooted plans to shed Coles from its portfolio, as Aus Venue Co looks to step up the value of its operations. Eleven years after buying and reviving

PLUCKY PATRON FOILS BANDITS WITH BAR STOOL

Posted on November 29th, 2017 by Clyde Mooney
A dangerous situation in an east-Brisbane pub has been fended off courtesy of bumbling bandits and a gaming patron with a big stool. Around 11:30 on Monday night (27 November) two masked men entered Coles’ Lord Stanley Hotel on Stanley

COLES & WOOLWORTHS BOTH LIST WA PUB OPPORTUNITIES

Posted on November 1st, 2017 by Clyde Mooney
The supermarket giants have separately listed two Perth pubs, offering owner-operator upside in areas on the rebound. In 2011 ALH, 75 per cent owned by Woolworths, bought the 12-venue portfolio of the failed Compass Group, for $86 million. While it

ANOTHER SPIRIT BLUE-CHIP TO MARKET IN HEART OF BRISBANE

Posted on April 7th, 2017 by Clyde Mooney
Continuing the run of Spirit Hotels blue-chip Queensland freeholds, the big Waterloo Hotel and tower has come to market. The Waterloo Junction complex in Newstead comprises an historic pub and several retail tenancies, plus upmarket commercial office space. It represents

SPIRIT’S BARRIER REEF HOTEL ON OFFER IN HEART OF REEF

Posted on April 5th, 2017 by Clyde Mooney
Hot on the heels of HPI’s listing of two Coles-leased blue-chip freeholds, another but soon-to-be-vacant Spirit Hotel has come to market, in booming Cairns. The Barrier Reef Hotel occupies 530 m² on the corner of Abbott and Wharf Streets, and

COLES’ BIG MANSFIELD TAVERN LISTED – AND SOLD

Posted on March 8th, 2017 by Clyde Mooney
The freehold and opportunity surrounding Coles’ Mansfield Tavern came to market last week – only to be snapped up quick smart by “a well-known Sydney publican”. The massive 20,830 m² site, just 11 kilometres south-east of Brisbane CBD, was expected