Brisbane pub The Normanby Hotel leasehold sold to Pelathon
Pelathon Management Group has added Brisbane’s landmark The Normanby Hotel to its growing pub stable, who plan to close the pub for four months to undertake a full refurbishment.
Pelathon Management has acquired the Grand Hotel in Cairns and two adjoining sites for $8.5 million, in a deal negotiated by CBRE Hotels Director Paul Fraser and CBRE Cairns Managing Director Danny Betros.
Portfolio of 87 Coles pubs sold to Australian Venue Co for $200m
Bruce Dixon’s 60-plus strong Australian Venue Co will take on the operations of Coles’ Spirit Hotels in Queensland in a deal worth approximately $200 million.
Hervey Bay Caravan Park 'Coconut Grove' sold at Auction
Three registered bidders battled it out as a consortium of Queensland-based caravan operators walked away as the purchasers of a caravan park for $1.7M, marketed by Glenn Fallon of Ray White Hervey Bay.
Pacific Views Gold Coast management rights sold off market
An investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in a $4 million-plus deal just settled.
Hilton Surfers Paradise sold for $70m to Jerry Schwartz
Australia’s largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng.