MATTHEWS STEPS UP WITH SALISBURY AND $13m INVESTMENT
Matthews Hospitality has announced purchase of ALH’s Salisbury Hotel, as it invests more than $13 million into its South Australian communities. Matthews Hospitality is one of South Australia’s largest family-owned hotel groups, the Salisbury joining Feathers, Maylands, Buckingham Arms, Eyre,
UNIVERSAL SNAP UP NEWTOWN AS CLG EXITS
The Kospetas family’s Universal Hotels has jumped at the opportunity of another large-format Sydney operation, taking the keys to the Newtown Hotel from Chris Morris’ Colonial Leisure Group The three-level Newtown, on King Street, is a local institution, catering to
TENANTS TAKE THE TITLE AT SODEN’S
Up-and-coming hoteliers Brendan Tracey and Lyndall Hutchinson have secured the deeds to their beloved Soden’s Hotel in Albury, amid strong competition. The popular pub sold via onsite auction on Friday, the hammer falling at $5.45 million. The two-storey Hotel occupies
COURT RULES ON LAUNDY’S QUARRYMAN’S QUAGMIRE
A controversial case of buyer’s remorse has been settled in the NSW Supreme Court this week, bringing judgement on a dispute over the sale of the Quarryman’s Hotel by Laundy Hotels to the Parras family. More than a year since
REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE
Shares in the ASX-listed Redcape Hotel Group rallied following news of upgraded forecasts in its full-year earnings guidance and distribution payout. The high-profile Group spoke of improved trading as its shares rose over four per cent yesterday, as the overall
PATRON HIT WITH AN AXE OVER POKIES WINNINGS
A patron at a Parramatta pub has been hospitalised following an alleged robbery in the toilet. Emergency services were called around 11am Thursday to Parramatta’s Commercial Hotel, to reports of a robbery and injury to a man who was thought
LEWIS LEAPS INTO RAMADA
John Lewis is the latest Sydney publican looking to leverage into the accommodation market, snapping up the Top300 Ramada Hotel & Suites in gaming heartland Cabramatta for around $39 million. The Hotel is in Lansvale, on the Hume Highway in Sydney’s
BUDGET BLESSINGS MIXED FOR PUB INDUSTRY
The Federal Government has handed down the budget for 2021-22, bringing mixed results for the hotels and tourism sectors in a plan squarely aimed at Australia’s economic recovery. The latest and third budget from Treasurer Josh Frydenberg outlines record funding
HOTEL TULLY HITS HOT QUEENSLAND MARKET
Hotel Tully, on Queensland’s Cassowary Coast, has hit the market amid increasing interest in tourism-laden regional assets. Commonly known as the ‘Top Pub’, Hotel Tully was built 1926 and is considered a local landmark, with direct frontage to main
AVC HALTS IPO AND ALH KICKS OFF
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to