Real Estate

SLEEPING BEAUTY PALISADE PUB – SOLD

Posted on April 17th, 2015 by Clyde Mooney
Dormant for nearly seven years, the magnificent Palisade Hotel has sold to a private investor after a packed auction and vigorous negotiation. Located overlooking the Harbour Bridge and foreshore and $6 billion Barangaroo development, the Hotel has been closed since

EXCLUSIVE: CHEUNG AND IRIS GROUP TALK ‘THE BOURBON’

Posted on April 15th, 2015 by Clyde Mooney
Bourbon “vision” quashed as Chris Cheung sells Kings Cross icon The Bourbon to Iris Group amid trading collapse in the precinct. [caption id="attachment_1974" align="alignright" width="314"] Chris Cheung[/caption] “It is with a heavy heart that we made the decision to put

MERIVALE MARCHES INTO NEWTOWN

Posted on April 13th, 2015 by Clyde Mooney
With the ink still drying on his Newport Arms acquisition, Justin Hemmes’ Merivale has leapt into Newtown with the purchase of the Queen Victoria Hotel. [caption id="attachment_1959" align="alignright" width="313"] Chris Hogarth & Patrick Friesen[/caption] Very close to Newtown station on

NEWHAVEN HOTELS OFFLOADS KEY ASSET TO LAUNDYS

Posted on April 13th, 2015 by Clyde Mooney
The publicly listed Newhaven Hotels has divested another pub from its portfolio, selling the Bateau Bay Hotel to Laundy Hotels for $11 million. Speaking to PubTIC, Newhaven chairman Fred Kelly said the timing was right. “The directors of Newhaven believe

MORE MELBOURNE PUB ROYALTY COMES TO MARKET

Posted on April 8th, 2015 by Clyde Mooney
Another Melbourne pub icon has hit the market offering investors an “opportunity of imperial proportions”. Situated on the city’s best-known CBD corner – Bourke and Spring Streets – the Imperial Hotel is adjacent to Chinatown and directly opposite Parliament House,

SOUTHERN SYDNEY STAR ON MARKET AS AREA FLOURISHES

Posted on April 8th, 2015 by Clyde Mooney
After three decades in the same hands the Macquarie Hotel in Liverpool has hit the market as the area is set to boom. The long-term family partnership that holds the keys to the Macquarie, well-positioned amid the Liverpool city centre’s

EXCLUSIVE: NEW ERA FOR TEA GARDENS HOTEL

Posted on April 1st, 2015 by Clyde Mooney
A Tea Gardens hotel has changed hands after 68 years of family ownership. Manenti Quinlan reported the historic sale of the Tea Gardens Hotel Motel yesterday after a campaign involving potential buyers from around the country. Director Gerry Quinlan told

QUEENSLAND PUB MARKET SEES MORE TOES IN THE WATER

Posted on March 23rd, 2015 by Clyde Mooney
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

MERIVALE TAKES UP NEWPORT ARMS

Posted on March 18th, 2015 by Clyde Mooney
The battle for the beaches hit top gear last night as Merivale CEO Justin Hemmes signed on to take over the iconic Newport Arms Hotel. Only a few months since the Laundys and Fraser Short purchased the nearby Mona Vale