"Demand for NSW pub assets to grow" - Nick Butler, Manenti Quinlan and Associates
Nick Butler of Manenti Quinlan and Associates suggests that barriers to entry in the sector will remain high for new players, as long as vendors choose the frequently adopted “off-market” strategy, ultimately limiting sales prices.
"Pub buyers moving north into Queensland" - Power Jeffrey & Co, CBRE Hotels
Two leading Queensland pub brokers have noted strong interstate interest in pub and hotel assets in order to capitalise on attractive yields and Queensland's growing tourism sector.
The Bells Hotel Sydney Woolloomooloo sold to Arthur Laundy prior to Auction this week
The owners of The Bells Hotel on the Woolloomooloo waterfront have elected to sell the famous property on the eve of its planned auction to publican Arthur Laundy, in a deal brokered by Andrew Jolliffe and Dan Dragicevich of HTL Property.
Logan pub 'Club Hotel Waterford' sold for $22 million to Charter Hall
Logan pub Club Hotel Waterford, a prominent Coles-leased hotel in South East Queensland, has been acquired by ASX listed Charter Hall for $22 million, representing a yield of 5.68%.
Granville's Vauxhall Inn Hotel sold to Redcape Andrew Jolliffe Ray White Hotels
Following its recent acquisition of Townsville's Rising Sun Hotel for in excess of $20m, leading hotel group Redcape has acquired the 3,510sqm arterially positioned Vauxhall Inn Hotel in Sydney's Western Suburb of Granville for over $40 million.
