Real Estate

PADDINGTON LANDMARK SELLS TO NEW WAUGH FAMILY PUB GROUP

Posted on July 17th, 2015 by Clyde Mooney
The Kelly family has divested one of the Eastern suburbs’ best-loved pubs to a brand new operator group, headed by the next generation Waugh. Paddington’s Royal Hotel, built in 1888, is a cornerstone of local hub ‘fiveways’ and recently underwent

BEAUMONT TO AUCTION TOP BALMAIN PUB

Posted on July 17th, 2015 by Clyde Mooney
Peter Beaumont’s Fernwood Group has put its Balmain landmark up for grabs, offering “development potential” to the hungry investor market. The 1885 Exchange Hotel is located on a 640 square metre corner block in the heart of uber-trendy Balmain. The

ZAGAME PUTS $90M OF ALH FREEHOLDS UP FOR GRABS

Posted on July 15th, 2015 by Clyde Mooney
Entrepreneur hotelier Bobby Zagame has put to market three freeholds – all leased to investor-favourite Australian Leisure & Hospitality (ALH). Zagame operates a portfolio of six pubs in Victoria and has various other interests including freehold investments in Queensland and

REDCAPE IPO TO OFFER UPSIDE

Posted on July 3rd, 2015 by Clyde Mooney
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus

PUB BARON OFFLOADS PRIME BRISBANE HOTEL

Posted on July 1st, 2015 by Clyde Mooney
One of Australia’s biggest pub operators, Bruce Mathieson, has sold a Brisbane CBD accommodation hotels to a Singapore investor for $29.5 million. [caption id="attachment_2888" align="alignright" width="425"] Rendezvous Hotel George St. Image: Google maps[/caption] The 13-storey 99-room Rendezvous-branded hotel sold in

TRIPLE-PLAY – ALH PUB SWAP ROLLS ON

Posted on June 26th, 2015 by Clyde Mooney
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54

DIXON NABS NAGS HEAD HOTEL FROM O’HARA

Posted on June 26th, 2015 by Clyde Mooney
The O’Hara family have parted with their Nags Head Hotel – selling with “mixed feelings” to high-flyer Geoff Dixon. After 15 years that have seen mum the licensee, all seven kids working within, and both Dan and his brother having

BAYFIELDS CHARGE INTO HARITOS’ LIGHT BRIGADE

Posted on June 24th, 2015 by Clyde Mooney
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

FAMILY-RUN REGIONAL PUB SELLS IN ‘SPIRITED’ AUCTION

Posted on June 22nd, 2015 by Clyde Mooney
After three decades, the Woodward family has parted with their “Green Roof” hotel. Located in the west Newcastle suburb of Hamilton, Woodey’s Hamilton “Green Roof” Hotel has sold at auction for around $3.6 million to local operator Russell Richardson. Built

MAY OFFLOADS CENTRAL TAVERN TO THOMAS’

Posted on June 19th, 2015 by Clyde Mooney
Thomas Hotels has swooped on Ben May’s Central Tavern, bringing the Surry Hills pub into its local portfolio. George Thomas’ group already operates the Madison and GT’s Hotel on Devonshire Street, and has bought the Central across the road for